Industry News

Elavon, the 7th largest merchant acquirer in the US, has launched Quick Capital, a revenue-based funding service to its 275,000 US customers. Quick Capital is a partnership with Liberis, which focuses on expediting funding to small businesses based on analysis of their revenues and needs. The Liberis Core product has  been used to deliver over $3 billion in loans to more than 50,000 merchants. It will be available at Elavon’s merchant platform. Eligible merchants will also be contacted via direct mail.

Bank Negara in Indonesia has launched the BNI JCB Corporate Card. Cardholders receive complimentary access to five airport lounges in Indonesia, green fee cash back at select golf courses and dining benefits at Japanese restaurants. Business travel assistance is provided through BNI TeleTravel. Corina Leyla Karnalies is Consumer Banking Director at BNI,

PayNearMe has been integrated with Emotive Software’s Enterprise Resource Planning all-in-one payment platform for automotive dealers. Within a single interface, Emotive clients will have access to payment methods that include PayPal, Venmo, Cash App Pay, Google Pay, ACH and cash (at retail locations).

Juspay, an India-based payment technology company that processes more than 200 million transactions a day, has integrated with the Outpayce Exchange Payment Platform (XPP). Outpace is wholly owned by Amadeus. Juspay will be able to offer travel businesses like airlines and hotels the ability to connect with 300+ acquirers and local payment methods through a single integration. XPP also provides optimized routing, acceptance and tokenization along with compliance to regulation and local infrastructure. Amadeus is one of the world’s largest technology companies.

GoDaddy has launched a merchant cash advance program for the small and midsize businesses that use its GoDaddy Payments service. Approved merchants can receive up to $1 million in as little as 24 hours. GoDaddy Capital is built into the GoDaddy dashboard. Credit is made available from partners including YouLend and Pipe Technologies.Those companies provide the credit underwriting.  Kasturi Mudulodu is President of Commerce at GoDaddy, kmudulodu@godaddy.com, www.godaddy.com.  8/21
https://www.prnewswire.com/news-releases/godaddy-capital-speeds-cash-to-small-businesses-302535174.html#:~:text=TEMPE%2C%20Ariz.%2C%20Aug.,as%20little%20as%2024%20hours.

Worldpay will integrate its Push-to-Card technology with Mastercard Move to facilitate payment transactions in the United Arab Emirates. Consumers can receive funds and businesses can expect streamlined payment processes without having to disclose any bank account details. Wordplay merchants can fund payouts from their transaction flows. The company already offers the service in Australia, the EU, UK and US.  

Ramp, US-based provider of a financial operations platform that combines payments, corporate cards, vendor management, procurement, travel booking and automated booking, has surpassed $1 billion in annualized revenues. The company opened for business five years ago with its corporate card product and now has 45,000 customers. More than half use two or more products. Payment volume exceeds $100 billion annually.

UATP, a global, closed-loop network that facilitates payments in travel-related industries, has formed a partnership with APG Pay, a payment services provider in the travel, corporate and supply chain sectors. APG Pay will be able to issue UAPT accounts to its corporate travel managers and travel management companies in the Asia-Pacific region. UATP provides improved data reconciliation and streamlined integration with corporate travel and financial systems to APG Pay, whose customers can fully manage payment flows and access detailed, itinerary-level transactions data.

Nexi will power Zippay, the person-to-person money transfer service scheduled for launch in Ireland in early 2026. Initially, eligible customers of AIB, Bank of Ireland and PTSB will automatically be enrolled. They will see the Zippay service in their personal banking app. Mobile numbers in their contact list is all that will be needed to transfer money between bank accounts. Zippay is open to all financial institutions in Ireland (that provide IBAN account services and a personal banking app) to join.

#23 Nuvei, which provides local acquiring services in 50 markets, has integrated with Zuora, provider of software that supports usage-based and subscription bundle billing models to more than 1,000 clients worldwide.

ALACRITI, a cloud-native money movement service for credit unions (CUs) and community banks, has announced a partnership with Early Warning Services to embed Zelle, a digital money transfer service, into its Orbipay Payments Hub. CUs and banks will be able to offer Zelle through their existing digital banking platforms to consumers, small businesses and commercial customers beginning in the first quarter of 2026.

Quavo will provide cloud-based software that automates and manages fraud and dispute processes to USAA Savings Bank. QFD, Quavo’s agentic AI platform, handles disputes from intake through recovery and resolution.

Gr4vy and Datalex have entered into an exclusive agreement to bring payment orchestration capabilities to the airline sector. Datalex’s DLX Pay payment platform, which was built for airlines, has been  integrated with Gr4vy’s cloud native payment orchestration platform. Gr4vy offers enterprise platforms a turnkey, white-labeled service and tools to manage complex, multi-merchant environments.

Forter, provider of fraud fighting technology used by Adobe, eBay, Instacart, Nordstrom, Priceline and other companies, has released the first in a series of new capabilities that give ecommerce enterprises the ability to confidently trust AI agents. Over the next five years, AI agents will are predicted to account for more than 15% of digital commerce transactions.

Mastercard has launched On-Demand Decisioning (ODD), a rules engine-based tool that enables issuers to place criteria for instant approvals and declines of transactions on the Mastercard network. One use case would be guidelines that prioritize approvals for high-value cardholders. There is no implementation required by card issuers. ODD will be available in October 2025.

Synchrony, which ranks in the top 10 among US credit card issuers and the owner of an online bank, has become a Direct Member of Nacha ( National Automated Clearing House Association). Nacha governs the ACH Network payment system in the US. As a Direct Member, Synchrony can contribute to rule making and help shape Nacha governance. There were 33.6 billion ACH Network transactions in 2024 valued at more than $86 trillion.

#16 Coast, a financial platform for companies operating vehicle fleets, has launched a corporate card product and expense management platform . The Visa card is aimed at giving residential and commercial services trades, construction, specialty transportation and other businesses a single system to manage fuel, employee and vendor spending. The card is issued by Celtic Bank. Coast has offereda fleet and fuel card products since 2021.

IndicaOnline, a provider of point-of-sale and business management software to clients in the cannabis industry, has launched sweedePay, an online payment platform that features bank-to-bank transfers powered by Aeropay.

Equifax has launched Identity Proofing to its Kount 360 Identity and payments fraud platform. Identity Proofing is added to the customer onboarding process to confirm that information provided by applicants is real, affiliated with the person, is trusted, and not from any sanctions or global watch list. It includes integrated document verification and facial recognition biometric checks.

DLOCAL has launched SmartPix in Brazil. The service gives merchants the ability to process tokenized Pix payments, including recurring and on-demand charges, without requiring consumers to manually authorize each transaction. Merchants store a consumer’s Pix credentials as they would when maintaining a payment
card on file. DLocal is a cross-border payment service provider focused on emerging markets.

NAVAN, an all-in-one business travel and expense management platform provider, has joined the American Express Sync Commercial Partner Program. The company has also integrated with Amex to enable its customers to create virtual American Express Business and Corporate cards for travel booked on the Navan Travel platform.

CHECKOUT.COM will offer physical and virtual Visa cards to merchants in the UK and European Economic Area through the same platform they use for acquiring services support. Funds acquired by Checkout.com are immediately available to merchants to use on Visa card purchases. Checkout.com holds authorized Electronic Money Institution licenses in France and the UK.

GLOBAL PAYMENTS will provide payment processing services at stadiums for the Minnesota Twins baseball team and  Dallas Cowboys football team.

NEWTEKONE, a financial holding company, has launched a fully integrated onboarding process that provides merchants with a no fee checking account from its bank subsidiary and a card payment processing account from its merchant services business unit through a single online application. Both accounts are managed from the same dashboard.

EXPERIAN has launched Experian Assistant for Model Risk Management, which helps users accelerate model validation as well as improve auditability and transparency. Technology from ValidMind supports the new product, which operates on the Experian Ascend Platform. ValidMind provides centralized model governance repositories, predefined templates and transparent workflow approvals.