BayPay Members Blogs

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OpenFin raises $17M in funding led by Wells Fargo to expand financial OS


May 16, 2019 OpenFin Inc. has raised $17 million in Series C funding from major financial institutions, led by Wells Fargo & Co., to expand the use of its operating system...
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Tapit to unveil self-service kioks with mobile ordering app for restaurant chains


May 16, 2019 Tapit, a  software vendor for the retail and restaurant industries, has launched Selfit, a self-ordering kiosk platform with accompanying online ordering via a mobile app and interface to the...
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American Express acquires restaurant reservations platform Resy


May 15, 2019 American Express has entered an agreement to buy Resy, a digital restaurant reservations booking and management platform. Resy, founded in 2014, provides table management, CRM and booking technology...
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Mastercard, Lyft launch co-branded banking, debit card with immediate driver pay


May 15, 2019 Mastercard has announced a co-branded card with ride-sharing firm Lyft that will give drivers immediate access to pay and provide additional benefits aimed at helping workers in the gig economy....
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Storr raises $3M, launches peer-to-peer mobile storefront marketplace


May 15, 2019 Storr, a San Francisco-based online retail marketplace, has raised another $3 million in funding led by Spark Capital officially launched its peer-to-peer platform, which allows anyone with a...
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Canadian fintech Koho raises $42M led by Porgag3 for new product development


May 15, 2019 Toronto-based fintech Koho Financial Inc. has raised $42 million in Series B funds led by Portag3, the venture capital arm of Sagard Holdings. The investment, which will be...
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Apple's Supreme Court defeat could signal significant changes in mobile app sales

The mobile app industry could see profound changes in its financial model if Apple Inc. fails to recover from a stunning Supreme Court ruling that allowed an antitrust suit to proceed alleging...
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Carrier billing in Latin America - 2019 market report by Fortumo

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Carrier billing in Latin America - 2019 market report by Fortumo
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Sponsored by: Publication Type: Special Report Published / Updated: May 14, 2019 Fortumo's latest market report gives an overview of the mobile payments landscape in Latin America: Brazil, Mexico, Argentina, Colombia,...
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Amadeus, Mastercard, Elavon test B2B virtual payments on Thai Airways

May 14, 2019 Amadeus, a Madrid-based travel reservations provider, is teaming with Mastercard and Elavon, the payments unit of U.S. Bancorp, to launch a B2B payments plan with Thai Airways and...
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China's Alipay sees surge of merchant adoption in Japan as government backs cashless


May 14, 2019 Alipay, a mobile wallet with about a billion users, said that its expansion into the Japanese market has seen a six-fold surge in retail adoption with more than 300,000 merchants...
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Contactless adoption seen among top payment trends this year

May 14, 2019 Contactless payment growth, rewards card revamps and machine learning are among the top six trends when it comes to retail payments this year. While mobile payments are getting...
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Supreme Court: Lawsuit accusing Apple of unfairly dominating mobile app sales will proceed

May 13, 2019 The U.S. Supreme Court, in a narrow 5-4 decision written by Justice Brett Kavanaugh, ruled that a consumer lawsuit challenging Apple Inc.'s dominance of mobile app sales for...
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Mastercard, Kisio Digital partner on integrated technology for mobility

May 13, 2019 Mastercard has entered an agreement with Kisio Digital to integrate Mastercard payment and digital security technology with the Kisio trip planning and ticketing capabilities. The move is intended to boost contactless...
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Mazooma launches payments gateway for single API integration for sports betting

May 13, 2019 Mazooma Inc. has launched Mazooma Gateway, a platform that provides access to the company's full suite of payments products using a single API integration, according to a press release....
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Fintech startups use unique approaches to payments to raise funding

The market for fintech companies has grown in recent years, as venture capital has come calling to find innovative new startups engaged in business ranging from mobile banking to point of...
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Facebook waives pre-approval for cryptocurrency ads, maintains ban on ICO ads

May 10, 2019 Facebook announced it is loosening its restrictions on advertisements related to cryptocurrency, in a new  blogpost . The social media network previously required written approval to advertise cryptocurrency products, but...
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Klarna enters deal to add financing technology to AliExpress in European markets

May 10, 2019 Klarna Bank AB announced an agreement with Alipay and Adyen to use its Pay Later  technology on AliExpress, the global ecommerce marketplace owned by Alibaba Group. The agreement...
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US Bank, Chrome River unveil AI-based mobile payment, expense management app


May 10, 2019 U.S. Bank and Chrome River recently unveiled a mobile payment and expense management tool, called the U.S. Bank Expense Wizard, which uses chatbots and artificial intelligence to help...
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Galileo Money to provide white label mobile banking app for wealthy investors at Carson Group


May 9, 2019 Galileo Processing Inc., through its Galileo Money division, has announced that its white label, FDIC-insured mobile banking program will be offered to individual investors through wealth management firms. The Carson Group,...
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Square teams with Postmates to offer on-demand delivery for small business customers


May 9, 2019 Square Inc. has entered an agreement with Postmates that provides on-demand delivery for Square's small business customers, according to a press release. Square's small business sellers will be...
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