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Paying a global workforce can be a major challenge for businesses because of the various currencies, complex tax and labor laws, and reimbursing business expenses.\u00a0
\nAccording to a PYMNTS Intelligence report, \u201cCross-Border Payroll and Contractor Payments,\u201d 47% of firms surveyed said that managing taxes is the most common challenge when hiring globally. Another study by PYMNTS Intelligence found that 80% of companies hit roadblocks when making international workforce payments.\u00a0
\nBut for SAP users, managing payments to globally dispersed internal and external workers may just have become easier to manage.
\nIn a Tuesday (April 22) press release, payroll and payments automation platform Papaya Global announced a partnership with AKT, an HR cloud solutions provider specializing in global SAP integration.
\nAccording to the release, the firms have rolled out an integrated workforce payment solution for companies that use SAP\u2019s human capital management (SuccessFactors) and vendor management (Fieldglass) systems to pay employees and contractors across international operations.
\nSAP SuccessFactors and Fieldglass users now have tools available for making payments to both permanent and external/contingent workers accurately and on time without having to switch systems, the release said.
\nAccording to the press release, Papaya Global pays workers in the local currency of 160+ countries and has raised more than $450 million in capital since it was founded in 2016, for a $3.7 billion valuation.
\nIn a statement, Yosef Fried, the vice president, alliances and ecosystem of Papaya Global said: \u201cWe\u2019re excited to partner with AKT, which has a record of more than 500 completed projects.\u201d
\nThe release also mentioned that AKT provides \u201ca range of services, including IT consulting, systems integration, and digital transformation solutions\u201d and partners with Qualtrics, in addition to SAP, \u201cto integrate and streamline complex processes across departments.\u201d
\nIn other Papaya Global news, PYMNTS reported in March that the company added Citibank as a sponsor bank, in addition to JPMorgan Chase, to enable Papaya Global to expand to new geographic regions.
\nThe post Papaya Global, AKT Join Forces To Integrate Workforce Payment Solutions appeared first on PYMNTS.com.
\n", "content_text": "Paying a global workforce can be a major challenge for businesses because of the various currencies, complex tax and labor laws, and reimbursing business expenses.\u00a0\nAccording to a PYMNTS Intelligence report, \u201cCross-Border Payroll and Contractor Payments,\u201d 47% of firms surveyed said that managing taxes is the most common challenge when hiring globally. Another study by PYMNTS Intelligence found that 80% of companies hit roadblocks when making international workforce payments.\u00a0\nBut for SAP users, managing payments to globally dispersed internal and external workers may just have become easier to manage.\nIn a Tuesday (April 22) press release, payroll and payments automation platform Papaya Global announced a partnership with AKT, an HR cloud solutions provider specializing in global SAP integration. \nAccording to the release, the firms have rolled out an integrated workforce payment solution for companies that use SAP\u2019s human capital management (SuccessFactors) and vendor management (Fieldglass) systems to pay employees and contractors across international operations.\nSAP SuccessFactors and Fieldglass users now have tools available for making payments to both permanent and external/contingent workers accurately and on time without having to switch systems, the release said. \nAccording to the press release, Papaya Global pays workers in the local currency of 160+ countries and has raised more than $450 million in capital since it was founded in 2016, for a $3.7 billion valuation.\nIn a statement, Yosef Fried, the vice president, alliances and ecosystem of Papaya Global said: \u201cWe\u2019re excited to partner with AKT, which has a record of more than 500 completed projects.\u201d\nThe release also mentioned that AKT provides \u201ca range of services, including IT consulting, systems integration, and digital transformation solutions\u201d and partners with Qualtrics, in addition to SAP, \u201cto integrate and streamline complex processes across departments.\u201d\nIn other Papaya Global news, PYMNTS reported in March that the company added Citibank as a sponsor bank, in addition to JPMorgan Chase, to enable Papaya Global to expand to new geographic regions.\nThe post Papaya Global, AKT Join Forces To Integrate Workforce Payment Solutions appeared first on PYMNTS.com.", "date_published": "2025-04-22T16:51:26-04:00", "date_modified": "2025-04-22T16:51:26-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Papaya-AKT-partnerships-payroll.jpg", "tags": [ "AKT", "B2B", "B2B Payments", "commercial payments", "human resources", "News", "Papaya Global", "Partnerships", "payroll", "PYMNTS News", "SAP", "What's Hot", "What's Hot In B2B" ] }, { "id": "https://www.pymnts.com/?p=2686563", "url": "https://www.pymnts.com/partnerships/2025/moneygram-launches-pay-by-bank-partnership-with-plaid/", "title": "MoneyGram Launches Pay-by-Bank Partnership With Plaid", "content_html": "Payments network\u00a0MoneyGram\u00a0says it has launched a partnership with\u00a0Plaid.
\nThe collaboration,\u00a0announced\u00a0Thursday (April 17), lets MoneyGram customers in the U.S. use Plaid\u2019s technology to help authenticate their bank accounts, allowing for faster and more secure funding for both domestic and cross-border payments.
\n\u201cThe MoneyGram network moves money for over 50 million customers each year, across nearly every country in the world,\u201d MoneyGram CEO\u00a0Anthony Soohoo said in a news release.
\n\u201cThis partnership with Plaid expands our global capabilities to deliver faster, more secure payments for our customers. It\u2019s a clear step forward in our mission to make cross-border payments seamless, affordable and secure for everyone.\u201d
\nThe release notes an increasing number of American consumers value the ability to link their bank accounts with financial apps, prizing\u00a0pay-by-bank options\u00a0for their ease, speed and additional security.
\n\u201cPlaid provides the most widely used and trusted network across digital financial services, covering thousands of financial institutions across the United States, Canada, Europe and the United Kingdom,\u201d said\u00a0Brian Dammeir, head of payments and financial management at Plaid. \u201cNow, MoneyGram can leverage the power of the Plaid network to quickly and securely drive conversion, reduce bank returns and proactively prevent fraud.\u201d
\nThe pay-by-bank solution connects to Plaid\u2019s network of thousands of banks and credit unions, pairing that company\u2019s instant account verification with MoneyGram\u2019s compliance and anti-fraud systems, the release added.
\nResearch by PYMNTS Intelligence and Trustly has shown that 6.4% of American consumers say they are already using pay by bank and 40% are at\u00a0least somewhat interested\u00a0in using the payment option.
\nOf that group, consumers who earn $100,000 or more per year were the most inclined to embrace pay by bank, with 42% saying they are intrigued or interested. The research found that higher-income consumers are among the earliest of adopters, with just under 10% of that demographic saying they are already paying by bank.
\nIn an\u00a0interview\u00a0last year with PYMNTS CEO Karen Webster, Plaid\u2019s Dammeir said that \u201cthe user experience is what\u2019s really changing,\u201d especially when it comes to paying bills. Traditional online bill pay requires users to remember or locate their account information, Dammeir added, a process prone to errors.
\nPay by bank eliminates that friction, letting consumers digitally authenticate their account information, making payments via a streamlined, biometric-driven interface.
\n\u201cIt\u2019s about modernizing bank-based payments and putting them on par with other methods in terms of user experience,\u201d he said.
\nThe post MoneyGram Launches Pay-by-Bank Partnership With Plaid appeared first on PYMNTS.com.
\n", "content_text": "Payments network\u00a0MoneyGram\u00a0says it has launched a partnership with\u00a0Plaid.\nThe collaboration,\u00a0announced\u00a0Thursday (April 17), lets MoneyGram customers in the U.S. use Plaid\u2019s technology to help authenticate their bank accounts, allowing for faster and more secure funding for both domestic and cross-border payments.\n\u201cThe MoneyGram network moves money for over 50 million customers each year, across nearly every country in the world,\u201d MoneyGram CEO\u00a0Anthony Soohoo said in a news release.\n\u201cThis partnership with Plaid expands our global capabilities to deliver faster, more secure payments for our customers. It\u2019s a clear step forward in our mission to make cross-border payments seamless, affordable and secure for everyone.\u201d\nThe release notes an increasing number of American consumers value the ability to link their bank accounts with financial apps, prizing\u00a0pay-by-bank options\u00a0for their ease, speed and additional security.\n\u201cPlaid provides the most widely used and trusted network across digital financial services, covering thousands of financial institutions across the United States, Canada, Europe and the United Kingdom,\u201d said\u00a0Brian Dammeir, head of payments and financial management at Plaid. \u201cNow, MoneyGram can leverage the power of the Plaid network to quickly and securely drive conversion, reduce bank returns and proactively prevent fraud.\u201d\nThe pay-by-bank solution connects to Plaid\u2019s network of thousands of banks and credit unions, pairing that company\u2019s instant account verification with MoneyGram\u2019s compliance and anti-fraud systems, the release added.\nResearch by PYMNTS Intelligence and Trustly has shown that 6.4% of American consumers say they are already using pay by bank and 40% are at\u00a0least somewhat interested\u00a0in using the payment option.\nOf that group, consumers who earn $100,000 or more per year were the most inclined to embrace pay by bank, with 42% saying they are intrigued or interested. The research found that higher-income consumers are among the earliest of adopters, with just under 10% of that demographic saying they are already paying by bank.\nIn an\u00a0interview\u00a0last year with PYMNTS CEO Karen Webster, Plaid\u2019s Dammeir said that \u201cthe user experience is what\u2019s really changing,\u201d especially when it comes to paying bills. Traditional online bill pay requires users to remember or locate their account information, Dammeir added, a process prone to errors.\nPay by bank eliminates that friction, letting consumers digitally authenticate their account information, making payments via a streamlined, biometric-driven interface.\n\u201cIt\u2019s about modernizing bank-based payments and putting them on par with other methods in terms of user experience,\u201d he said.\nThe post MoneyGram Launches Pay-by-Bank Partnership With Plaid appeared first on PYMNTS.com.", "date_published": "2025-04-17T10:35:21-04:00", "date_modified": "2025-04-17T10:35:21-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/MoneyGram-bank-Plaid.png", "tags": [ "bank payments", "cross-border payments", "MoneyGram", "News", "Partnerships", "Pay By Bank", "Plaid", "PYMNTS News", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2686056", "url": "https://www.pymnts.com/partnerships/2025/western-union-partners-with-magnite-to-grow-media-network-business/", "title": "Western Union Launches Media Network Business", "content_html": "Western Union is looking to grow its new Media Network business by partnering with Magnite, an independent sell-side advertising company.
\nThe financial services company will use Magnite\u2019s technology to buy media as an advertiser and to monetize its owned media, the companies said in a Wednesday (April 16) press release.
\n\u201cMagnite\u2019s expansive technology and service offerings make them a versatile partner that can help address our desire to grow our business,\u201d Western Union Senior Vice President Chris Hammer said in the release.
\nOne Magnite solution that Western Union Media Network will use is ClearLine, which will allow it to maximize its working media budget by purchasing streaming inventory directly from publishers, according to the release.
\nWestern Union Media Network will also use Magnite technology to monetize its owned media properties \u2014 including westernunion.com and its iOS and Android apps \u2014 by enabling advertisers to tap into them, the release said.
\nThe two companies have also signed a supply-path optimization (SPO) agreement that will streamline Western Union\u2019s access to curated omnichannel inventory, per the release.
\n\u201cWe\u2019re proud to support Western Union Media Network\u2019s entry into advertising by helping them activate efficiently on all fronts,\u201d Magnite Head of Commerce Media Stephanie Reustle said in the release.
\nWestern Union launched its Media Network business in November, saying it lets companies advertise to its customers via company-owned channels like its website, mobile app and digital-out-of-home (DOOH) screen network as well as through audience extension.
\nThe company said these channels enable advertisers to reach a diverse, multicultural and global audience, and Western Union\u2019s data helps marketers improve efficiency with advanced targeting.
\n\u201cWe are excited to offer this opportunity to brands as an extension to their existing marketing efforts, providing a new way to actively engage with consumers, enhance brand affinity and unlock revenue,\u201d Western Union Chief Marketing Officer Bob Rupczynski said in a November press release. \u201cAnd for our customers, I am proud that we are able to provide compelling offers from relevant brands in the channels they trust.\u201d
\nIn February, Western Union reported that its Media Network business contributed to 56% revenue growth for its Consumer Services segment in the fourth quarter of 2024.
\nThe post Western Union Launches Media Network Business appeared first on PYMNTS.com.
\n", "content_text": "Western Union is looking to grow its new Media Network business by partnering with Magnite, an independent sell-side advertising company.\nThe financial services company will use Magnite\u2019s technology to buy media as an advertiser and to monetize its owned media, the companies said in a Wednesday (April 16) press release.\n\u201cMagnite\u2019s expansive technology and service offerings make them a versatile partner that can help address our desire to grow our business,\u201d Western Union Senior Vice President Chris Hammer said in the release.\nOne Magnite solution that Western Union Media Network will use is ClearLine, which will allow it to maximize its working media budget by purchasing streaming inventory directly from publishers, according to the release.\nWestern Union Media Network will also use Magnite technology to monetize its owned media properties \u2014 including westernunion.com and its iOS and Android apps \u2014 by enabling advertisers to tap into them, the release said.\nThe two companies have also signed a supply-path optimization (SPO) agreement that will streamline Western Union\u2019s access to curated omnichannel inventory, per the release.\n\u201cWe\u2019re proud to support Western Union Media Network\u2019s entry into advertising by helping them activate efficiently on all fronts,\u201d Magnite Head of Commerce Media Stephanie Reustle said in the release.\nWestern Union launched its Media Network business in November, saying it lets companies advertise to its customers via company-owned channels like its website, mobile app and digital-out-of-home (DOOH) screen network as well as through audience extension.\nThe company said these channels enable advertisers to reach a diverse, multicultural and global audience, and Western Union\u2019s data helps marketers improve efficiency with advanced targeting.\n\u201cWe are excited to offer this opportunity to brands as an extension to their existing marketing efforts, providing a new way to actively engage with consumers, enhance brand affinity and unlock revenue,\u201d Western Union Chief Marketing Officer Bob Rupczynski said in a November press release. \u201cAnd for our customers, I am proud that we are able to provide compelling offers from relevant brands in the channels they trust.\u201d\nIn February, Western Union reported that its Media Network business contributed to 56% revenue growth for its Consumer Services segment in the fourth quarter of 2024.\nThe post Western Union Launches Media Network Business appeared first on PYMNTS.com.", "date_published": "2025-04-16T17:07:32-04:00", "date_modified": "2025-04-16T23:38:34-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Western-Union-Magnite-media.png", "tags": [ "advertising", "financial services", "Magnite", "marketing", "media", "Media Network", "News", "Partnerships", "PYMNTS News", "Streaming", "western union", "Western Union Media Network", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2684875", "url": "https://www.pymnts.com/partnerships/2025/paypal-launches-x-border-payment-collaboration-with-terrapay/", "title": "PayPal Launches X-Border Payment Collaboration With TerraPay", "content_html": "PayPal\u00a0and\u00a0TerraPay\u00a0are teaming to promote cross-border payments in the Middle East and Africa (MENA).
\nThe partnership,\u00a0announced\u00a0Tuesday (April 15), is designed to speed cross-border money movement, while making payments more accessible by connecting banks, mobile wallets and financial institutions.
\n\u201cThe Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many,\u201d\u00a0Otto Williams, senior vice president and regional head and general Manager for the Middle East and Africa at PayPal, said in a news release.
\n\u201cAt PayPal, we\u2019re committed to changing that. By partnering with TerraPay, we\u2019re making it easier for businesses and individuals to make cross-border transactions, quickly, securely, and without friction.\u201d
\nAccording to the release, the partnership will see TerraPay \u2014 via secure PayPal account linking \u2014 act as an enabler, allowing mobile wallet and bank users across the MENA region to transfer funds to their PayPal accounts.
\nThis collaboration, the companies said, will promote financial inclusion, allowing businesses and consumers \u201cto participate more effectively in the global digital economy.\u201d
\nRecent research by TerraPay and PYMNTS Intelligence shows that\u00a042% of consumers\u00a0prefer to send cross-border payments via digital wallets.
\nIt\u2019s a figure that leaves a \u201cstaggering greenfield opportunity of 58% of individuals,\u201d as PYMNTS wrote earlier this month, one that \u201cstretches across 5.2 billion mobile wallet users and trillions of transactions, as people travel, conduct cross-border commerce and send remittances.\u201d
\nThe research shows that consumers typically use digital wallets for smaller-value remittance payments versus other methods, which indicates \u201cthey are becoming the go-to for routine,\u00a0lower-stakes international transfers,\u201d as PYMNTS wrote recently.
\nIn addition, consumers who are more familiar with digital wallets overall are more likely to use them for cross-border transactions, a sign that rising digital literacy will fuel greater adoption.
\nBut as\u00a0Ani Sane, co-founder and chief business officer at TerraPay, said in a recent interview with PYMNTS CEO Karen Webster, moving money is about more than just the transaction:
\n\u201cIt\u2019s about compliance, regulations and reconciliation, and settlements and scheme rules.\u201d
\nBuilding a network to\u00a0handle those complexities\u00a0is no easy undertaking, considering, as Sane said, digital wallets function in silos, on the regulatory and technological sides of the equation, as they\u2019re designed to work in a particular country.
\nSane also touched on the ability of digital wallets to\u00a0promote financial inclusion.
\n\u201cWhen you look at the underbanked and underserved segments\u201d of the world, \u201cand you look at mobile wallets [held] by that segment, it matches up almost 100%,\u201d said Sane.
\nThe post PayPal Launches X-Border Payment Collaboration With TerraPay appeared first on PYMNTS.com.
\n", "content_text": "PayPal\u00a0and\u00a0TerraPay\u00a0are teaming to promote cross-border payments in the Middle East and Africa (MENA).\nThe partnership,\u00a0announced\u00a0Tuesday (April 15), is designed to speed cross-border money movement, while making payments more accessible by connecting banks, mobile wallets and financial institutions.\n\u201cThe Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many,\u201d\u00a0Otto Williams, senior vice president and regional head and general Manager for the Middle East and Africa at PayPal, said in a news release.\n\u201cAt PayPal, we\u2019re committed to changing that. By partnering with TerraPay, we\u2019re making it easier for businesses and individuals to make cross-border transactions, quickly, securely, and without friction.\u201d\nAccording to the release, the partnership will see TerraPay \u2014 via secure PayPal account linking \u2014 act as an enabler, allowing mobile wallet and bank users across the MENA region to transfer funds to their PayPal accounts.\nThis collaboration, the companies said, will promote financial inclusion, allowing businesses and consumers \u201cto participate more effectively in the global digital economy.\u201d\nRecent research by TerraPay and PYMNTS Intelligence shows that\u00a042% of consumers\u00a0prefer to send cross-border payments via digital wallets.\nIt\u2019s a figure that leaves a \u201cstaggering greenfield opportunity of 58% of individuals,\u201d as PYMNTS wrote earlier this month, one that \u201cstretches across 5.2 billion mobile wallet users and trillions of transactions, as people travel, conduct cross-border commerce and send remittances.\u201d\nThe research shows that consumers typically use digital wallets for smaller-value remittance payments versus other methods, which indicates \u201cthey are becoming the go-to for routine,\u00a0lower-stakes international transfers,\u201d as PYMNTS wrote recently.\nIn addition, consumers who are more familiar with digital wallets overall are more likely to use them for cross-border transactions, a sign that rising digital literacy will fuel greater adoption.\nBut as\u00a0Ani Sane, co-founder and chief business officer at TerraPay, said in a recent interview with PYMNTS CEO Karen Webster, moving money is about more than just the transaction:\n\u201cIt\u2019s about compliance, regulations and reconciliation, and settlements and scheme rules.\u201d\nBuilding a network to\u00a0handle those complexities\u00a0is no easy undertaking, considering, as Sane said, digital wallets function in silos, on the regulatory and technological sides of the equation, as they\u2019re designed to work in a particular country.\nSane also touched on the ability of digital wallets to\u00a0promote financial inclusion.\n\u201cWhen you look at the underbanked and underserved segments\u201d of the world, \u201cand you look at mobile wallets [held] by that segment, it matches up almost 100%,\u201d said Sane.\nThe post PayPal Launches X-Border Payment Collaboration With TerraPay appeared first on PYMNTS.com.", "date_published": "2025-04-15T12:08:05-04:00", "date_modified": "2025-04-15T12:08:05-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/PayPal-x-border-TerraPay.png", "tags": [ "Africa", "cross-border payments", "financial inclusion", "MENA", "Middle East", "money transfers", "News", "Partnerships", "PayPal", "PYMNTS News", "TerraPay", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2683936", "url": "https://www.pymnts.com/partnerships/2025/velera-teams-with-zelle-drive-faster-payments-smaller-credit-unions/", "title": "Velera Teams Up With Zelle to Drive Faster Payments for Smaller Credit Unions", "content_html": "Velera and Early Warning Services, the company behind Zelle, are partnering to broaden real-time payment offerings for small financial institutions.
\nThe agreement is designed to bring Zelle\u2019s peer-to-peer (P2P) services to minority depository institution (MDI) credit unions, expanding their access to cutting-edge payment solutions and helping them remain competitive, according to a Monday (April 14) press release.
\n\u201cIf credit unions are not offering Zelle, their members are likely to look elsewhere for the convenience of a P2P payments offering,\u201d Amy Evans, senior vice president of Strategic Solutions at Velera said in the release. \u201cIt is clear consumers appreciate the convenience, ease and reliability of Zelle, three key drivers of consumer payment preferences.\u201d
\nThe collaboration aligns with a wider trend among community banks and credit unions that are increasingly adopting the P2P service. Early Warning Services found that 95% of the U.S. financial institutions offering Zelle are community banks and credit unions, per the release.
\n\u201cZelle is not just a tool for the big banks. It\u2019s powering real-time payments for community banks and credit unions nationwide \u2014 from rural towns to urban neighborhoods,\u201d Zelle General Manager Denise Leonhard said in the release. \u201c\u2026Zelle is helping local community banks and credit unions meet rising consumer expectations, compete with larger players, and bring modern financial tools to Main Street.\u201d
\nThrough the new partnership, Velera will guide credit unions through Zelle implementation, offering integration with existing mobile apps, data-based fraud detection, and analytics-driven reporting, the release said. For MDI credit unions, this means the potential to enhance member satisfaction, bolster trust, and strengthen local communities with a real-time payment experience on par with larger institutions.
\nThe PYMNTS Intelligence report \u201cMinding the Gap: What Separates the Best From the Rest in the Credit Union Space\u201d found that FinTech collaboration and earmarking assets for investment and innovation are determinants of success. Given the fact that PYMNTS innovation measurements showed that forward-thinking, top-performing credit unions meet the digital expectations of their members 77% of the time, there\u2019s quantifiable success tied to those approaches.
\nIn a deep dive into the offerings most prized by consumers, 89% of top-performing credit unions offer real-time payments. Additionally, 49% of top performers implement in-house procedures to gather member suggestions for improvement. Roughly half of top-performing CUs test innovations in-house and with members before coming to the wider market with new products or services.
\nThe post Velera Teams Up With Zelle to Drive Faster Payments for Smaller Credit Unions appeared first on PYMNTS.com.
\n", "content_text": "Velera and Early Warning Services, the company behind Zelle, are partnering to broaden real-time payment offerings for small financial institutions.\nThe agreement is designed to bring Zelle\u2019s peer-to-peer (P2P) services to minority depository institution (MDI) credit unions, expanding their access to cutting-edge payment solutions and helping them remain competitive, according to a Monday (April 14) press release.\n\u201cIf credit unions are not offering Zelle, their members are likely to look elsewhere for the convenience of a P2P payments offering,\u201d Amy Evans, senior vice president of Strategic Solutions at Velera said in the release. \u201cIt is clear consumers appreciate the convenience, ease and reliability of Zelle, three key drivers of consumer payment preferences.\u201d\nThe collaboration aligns with a wider trend among community banks and credit unions that are increasingly adopting the P2P service. Early Warning Services found that 95% of the U.S. financial institutions offering Zelle are community banks and credit unions, per the release.\n\u201cZelle is not just a tool for the big banks. It\u2019s powering real-time payments for community banks and credit unions nationwide \u2014 from rural towns to urban neighborhoods,\u201d Zelle General Manager Denise Leonhard said in the release. \u201c\u2026Zelle is helping local community banks and credit unions meet rising consumer expectations, compete with larger players, and bring modern financial tools to Main Street.\u201d\nThrough the new partnership, Velera will guide credit unions through Zelle implementation, offering integration with existing mobile apps, data-based fraud detection, and analytics-driven reporting, the release said. For MDI credit unions, this means the potential to enhance member satisfaction, bolster trust, and strengthen local communities with a real-time payment experience on par with larger institutions.\nThe PYMNTS Intelligence report \u201cMinding the Gap: What Separates the Best From the Rest in the Credit Union Space\u201d found that FinTech collaboration and earmarking assets for investment and innovation are determinants of success. Given the fact that PYMNTS innovation measurements showed that forward-thinking, top-performing credit unions meet the digital expectations of their members 77% of the time, there\u2019s quantifiable success tied to those approaches.\nIn a deep dive into the offerings most prized by consumers, 89% of top-performing credit unions offer real-time payments. Additionally, 49% of top performers implement in-house procedures to gather member suggestions for improvement. Roughly half of top-performing CUs test innovations in-house and with members before coming to the wider market with new products or services.\nThe post Velera Teams Up With Zelle to Drive Faster Payments for Smaller Credit Unions appeared first on PYMNTS.com.", "date_published": "2025-04-14T11:00:41-04:00", "date_modified": "2025-04-14T11:33:26-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Zelle.jpg", "tags": [ "banking", "Banks", "credit unions", "Early Warning Services", "faster payments", "instant payments", "News", "Partnerships", "PYMNTS News", "real time payments", "Velera", "What's Hot", "Zelle" ] }, { "id": "https://www.pymnts.com/?p=2682946", "url": "https://www.pymnts.com/partnerships/2025/hsbc-discusses-partnerships-with-private-credit-firms/", "title": "Report: HSBC Discusses Partnerships With Private Credit Firms", "content_html": "HSBC is reportedly considering getting into the private credit market.
\nThe global bank has discussed potential partnerships with private credit firms, although the talks are at various stages and may not result in formal collaborations, Reuters reported Friday (April 11), citing unnamed sources.
\nHSBC did not immediately reply to PYMNTS\u2019 request for comment.
\nThe bank is looking to the private credit market to increase revenue after it underwent a restructuring, cut jobs and made a retrenchment in investment banking, according to the report.
\nAt the same time, senior executives, including CEO Georges Elhedery, question whether the revenue will outweigh the costs, the report said.
\nIn addition, the near-term demand for credit has declined due to corporate borrowers\u2019 uncertainty about the effects of new U.S. tariffs, per the report.
\nSome other global banks have already moved into the private credit sector, the report said. Citi made a deal with private credit firm Apollo, J.P. Morgan set aside more money for direct lending deals, Goldman Sachs launched a private capital markets business called Capital Solutions Group, and Deutsche Bank made an agreement with its asset manager DWS to give it first preference on private credit deals, per the report.
\nWhen J.P. Morgan earmarked another $50 billion for its direct lending efforts in February, it was reported that the bank did so to gain a greater foothold in the fast-growing private credit market.
\nIn the previous four years, J.P. Morgan deployed over $10 billion across more than 100 private credit transactions and worked with lending partners to allocate an additional $15 billion in private credit.
\n\u201cPairing our vast origination platform with our lender client base has supercharged our ability to deliver in size for borrowers and increased deal flow for lenders,\u201d Kevin Foley, global head of capital markets, said at the time.
\nEstimates of the size of the shadow banking sector, which includes private credit, vary widely, PYMNTS reported Wednesday (April 9). The Financial Stability Board calculated that the nonbank financial intermediation sector was tied to $239 trillion in assets, and the more narrowly defined \u201cother financial intermediaries\u201d harbor assets of $68 trillion.
\nThe post Report: HSBC Discusses Partnerships With Private Credit Firms appeared first on PYMNTS.com.
\n", "content_text": "HSBC is reportedly considering getting into the private credit market.\nThe global bank has discussed potential partnerships with private credit firms, although the talks are at various stages and may not result in formal collaborations, Reuters reported Friday (April 11), citing unnamed sources.\nHSBC did not immediately reply to PYMNTS\u2019 request for comment.\nThe bank is looking to the private credit market to increase revenue after it underwent a restructuring, cut jobs and made a retrenchment in investment banking, according to the report.\nAt the same time, senior executives, including CEO Georges Elhedery, question whether the revenue will outweigh the costs, the report said.\nIn addition, the near-term demand for credit has declined due to corporate borrowers\u2019 uncertainty about the effects of new U.S. tariffs, per the report.\nSome other global banks have already moved into the private credit sector, the report said. Citi made a deal with private credit firm Apollo, J.P. Morgan set aside more money for direct lending deals, Goldman Sachs launched a private capital markets business called Capital Solutions Group, and Deutsche Bank made an agreement with its asset manager DWS to give it first preference on private credit deals, per the report.\nWhen J.P. Morgan earmarked another $50 billion for its direct lending efforts in February, it was reported that the bank did so to gain a greater foothold in the fast-growing private credit market.\nIn the previous four years, J.P. Morgan deployed over $10 billion across more than 100 private credit transactions and worked with lending partners to allocate an additional $15 billion in private credit.\n\u201cPairing our vast origination platform with our lender client base has supercharged our ability to deliver in size for borrowers and increased deal flow for lenders,\u201d Kevin Foley, global head of capital markets, said at the time.\nEstimates of the size of the shadow banking sector, which includes private credit, vary widely, PYMNTS reported Wednesday (April 9). The Financial Stability Board calculated that the nonbank financial intermediation sector was tied to $239 trillion in assets, and the more narrowly defined \u201cother financial intermediaries\u201d harbor assets of $68 trillion.\nThe post Report: HSBC Discusses Partnerships With Private Credit Firms appeared first on PYMNTS.com.", "date_published": "2025-04-11T14:57:00-04:00", "date_modified": "2025-04-11T14:57:00-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2023/08/HSBC.jpg", "tags": [ "banking", "Banks", "credit", "HSBC", "News", "Partnerships", "PYMNTS News", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2682071", "url": "https://www.pymnts.com/partnerships/2025/uber-partners-with-instacart-extend-reach-sponsored-items/", "title": "Uber Partners With Instacart to Extend Reach of \u2018Sponsored Items\u2019", "content_html": "Uber Advertising launched a partnership with Instacart\u2019s Carrot Ads.
\nVia the collaboration, Uber will use Carrot Ads in the United States to extend the reach of Uber Eats\u2019 Sponsored Items formats to consumer packaged goods (CPG) advertisers, according to a Thursday (April 10) press release.
\n\u201cThe integration aims to provide a broader set of CPG advertisers with access to effective solutions that help them win the digital shelf,\u201d the release said.
\n
Starting this month, CPG advertisers in the U.S. will be able to reach millions of \u201chigh-intent\u201d grocery and retail marketplace shoppers on Uber Eats using the Carrot Ads solution, which will provide \u201cincreased discoverability of relevant products and brands\u201d to shoppers, per the release.
\nCPG advertisers will be able to build campaigns using Instacart Ads Manager that automatically extend throughout the Instacart Ads ecosystem, which now includes the Uber Eats grocery and retail marketplace, according to the release.
\n\u201cBy enabling access to Uber Eats Sponsored Items in the U.S. via Instacart\u2019s Carrot Ads solution, we believe we can better meet the needs of more CPG brands, especially those making network buys,\u201d said Travis Colvin, general manager for grocery and retail at Uber Advertising. \u201cOur advertising team already works with many of the world\u2019s largest brands directly, but we want to be there for brands of all sizes to help them easily reach our engaged audience in a way that suits them. For the U.S. market, we believe this integration best achieves that goal.\u201d
\nThe partnership comes as brands try to reach an audience that might be much more cautious about their spending. Data released Thursday showed price increases in the \u201cfood at home,\u201d or grocery, category. That uptick was primarily fueled by a 5.9% increase in egg prices and a 1.3% rise for meats, poultry, fish and eggs from February to March.
\nConsumers were retrenching even before the latest round of White House tariffs upset the world economy.
\nAs PYMNTS CEO Karen Webster wrote in a column this week, nearly 78% of consumers across \u201call major retail categories of spend \u2014 clothes, food, health and beauty, personal services, household and tech/digital services \u2014 are rethinking what they buy and how much they are willing to spend when they do. Tech purchases, eating out and buying coffee at the local coffee shop are consistently on the chopping block, even for those who do not feel financial pressures.\u201d
\nThe post Uber Partners With Instacart to Extend Reach of \u2018Sponsored Items\u2019 appeared first on PYMNTS.com.
\n", "content_text": "Uber Advertising launched a partnership with Instacart\u2019s Carrot Ads.\nVia the collaboration, Uber will use Carrot Ads in the United States to extend the reach of Uber Eats\u2019 Sponsored Items formats to consumer packaged goods (CPG) advertisers, according to a Thursday (April 10) press release.\n\u201cThe integration aims to provide a broader set of CPG advertisers with access to effective solutions that help them win the digital shelf,\u201d the release said.\n\nStarting this month, CPG advertisers in the U.S. will be able to reach millions of \u201chigh-intent\u201d grocery and retail marketplace shoppers on Uber Eats using the Carrot Ads solution, which will provide \u201cincreased discoverability of relevant products and brands\u201d to shoppers, per the release.\nCPG advertisers will be able to build campaigns using Instacart Ads Manager that automatically extend throughout the Instacart Ads ecosystem, which now includes the Uber Eats grocery and retail marketplace, according to the release.\n\u201cBy enabling access to Uber Eats Sponsored Items in the U.S. via Instacart\u2019s Carrot Ads solution, we believe we can better meet the needs of more CPG brands, especially those making network buys,\u201d said Travis Colvin, general manager for grocery and retail at Uber Advertising. \u201cOur advertising team already works with many of the world\u2019s largest brands directly, but we want to be there for brands of all sizes to help them easily reach our engaged audience in a way that suits them. For the U.S. market, we believe this integration best achieves that goal.\u201d\nThe partnership comes as brands try to reach an audience that might be much more cautious about their spending. Data released Thursday showed price increases in the \u201cfood at home,\u201d or grocery, category. That uptick was primarily fueled by a 5.9% increase in egg prices and a 1.3% rise for meats, poultry, fish and eggs from February to March.\nConsumers were retrenching even before the latest round of White House tariffs upset the world economy.\nAs PYMNTS CEO Karen Webster wrote in a column this week, nearly 78% of consumers across \u201call major retail categories of spend \u2014 clothes, food, health and beauty, personal services, household and tech/digital services \u2014 are rethinking what they buy and how much they are willing to spend when they do. Tech purchases, eating out and buying coffee at the local coffee shop are consistently on the chopping block, even for those who do not feel financial pressures.\u201d\nThe post Uber Partners With Instacart to Extend Reach of \u2018Sponsored Items\u2019 appeared first on PYMNTS.com.", "date_published": "2025-04-10T15:19:23-04:00", "date_modified": "2025-04-10T15:19:23-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/12/Uber.jpg", "tags": [ "Carrot Ads", "digital transformation", "food and beverage", "grocery", "Instacart", "Instacart Ads", "News", "Partnerships", "PYMNTS News", "Retail", "Uber", "Uber Advertising", "Uber Eats", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2681763", "url": "https://www.pymnts.com/partnerships/2025/mynt-gets-visa-investment-joins-reseller-network/", "title": "Spend Management Firm Mynt Gets Visa Investment and Joins Reseller Network", "content_html": "Spend management solution provider Mynt launched a new partnership with Visa.
\nThe collaboration will allow the Stockholm-based company to address the rising demand from small- to medium-sized businesses (SMBs) for efficient spend management tools, according to a Thursday (April 10) press release.
\n\u201cThe partnership will enable Visa to better meet its clients\u2019 needs and the underserved SMB market,\u201d the release said.
\nVisa will invest in Mynt\u2019s Series B funding round, and Mynt will become a reseller partner for Visa. This will let Visa resell Mynt\u2019s software-as-a-service (SaaS) solutions directly to issuers, per the release.
\nMynt\u2019s platform offers auto-reconciliation and integration into accounting software, providing spend insights and easing administrative burdens, according to the release.
\n\u201cAnother great example of Nordic FinTech innovation where Visa is deepening collaboration with Mynt, where our combined capabilities will enable our clients and partners to bring market-leading propositions and service to [SMBs] across Europe,\u201d said Philip Konopik, regional managing director of Visa Nordics and Baltics, in the release.
\nThe two companies previously worked together to expand the adoption of Mynt\u2019s embedded card solution. The tool allows enterprise resource planning fleet and fuel companies and banks to offer embedded corporate card and spend management solutions to their SMB customers in Europe.
\nThe partnership comes as SMBs face increased financial pressure. Half of SMBs in the United States \u201crely on their day-to-day sales just to keep the lights on,\u201d PYMNTS wrote this week. \u201cNearly 1 in 5 are pessimistic about their odds of survival over the next two years. Almost 7% think they might not make it.\u201d
\nJust 28% of SMBs have business cards. Of that group, 64% of businesses with access to any form of financing use their corporate cards to withdraw cash for operations.
\nAlthough credit cards potentially carry high interest rates, they \u201coffer a quick and relatively easy way to access funds,\u201d PYMNTS wrote. \u201cAt the same time, 4 in 10 businesses with access to financing also rely on their owners\u2019 personal credit cards,\u201d blurring the lines between personal and business finances and potentially putting both at risk.
\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
\nThe post Spend Management Firm Mynt Gets Visa Investment and Joins Reseller Network appeared first on PYMNTS.com.
\n", "content_text": "Spend management solution provider Mynt launched a new partnership with Visa.\nThe collaboration will allow the Stockholm-based company to address the rising demand from small- to medium-sized businesses (SMBs) for efficient spend management tools, according to a Thursday (April 10) press release.\n\u201cThe partnership will enable Visa to better meet its clients\u2019 needs and the underserved SMB market,\u201d the release said.\nVisa will invest in Mynt\u2019s Series B funding round, and Mynt will become a reseller partner for Visa. This will let Visa resell Mynt\u2019s software-as-a-service (SaaS) solutions directly to issuers, per the release.\nMynt\u2019s platform offers auto-reconciliation and integration into accounting software, providing spend insights and easing administrative burdens, according to the release.\n\u201cAnother great example of Nordic FinTech innovation where Visa is deepening collaboration with Mynt, where our combined capabilities will enable our clients and partners to bring market-leading propositions and service to [SMBs] across Europe,\u201d said Philip Konopik, regional managing director of Visa Nordics and Baltics, in the release.\nThe two companies previously worked together to expand the adoption of Mynt\u2019s embedded card solution. The tool allows enterprise resource planning fleet and fuel companies and banks to offer embedded corporate card and spend management solutions to their SMB customers in Europe.\nThe partnership comes as SMBs face increased financial pressure. Half of SMBs in the United States \u201crely on their day-to-day sales just to keep the lights on,\u201d PYMNTS wrote this week. \u201cNearly 1 in 5 are pessimistic about their odds of survival over the next two years. Almost 7% think they might not make it.\u201d\nJust 28% of SMBs have business cards. Of that group, 64% of businesses with access to any form of financing use their corporate cards to withdraw cash for operations.\nAlthough credit cards potentially carry high interest rates, they \u201coffer a quick and relatively easy way to access funds,\u201d PYMNTS wrote. \u201cAt the same time, 4 in 10 businesses with access to financing also rely on their owners\u2019 personal credit cards,\u201d blurring the lines between personal and business finances and potentially putting both at risk.\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.\nThe post Spend Management Firm Mynt Gets Visa Investment and Joins Reseller Network appeared first on PYMNTS.com.", "date_published": "2025-04-10T11:01:33-04:00", "date_modified": "2025-04-10T22:25:03-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/12/Mynt.png", "tags": [ "B2B", "B2B Payments", "commercial payments", "FinTech", "funding", "Investments", "Mynt", "News", "Partnerships", "PYMNTS News", "SMBs", "spend management", "Visa", "What's Hot", "What's Hot In B2B" ] }, { "id": "https://www.pymnts.com/?p=2620914", "url": "https://www.pymnts.com/partnerships/2025/synchrony-teams-with-adobe-commerce-to-offer-flexible-financing/", "title": "Synchrony Teams With Adobe Commerce to Offer Flexible Financing", "content_html": "Financial services company Synchrony has launched a new integration with Adobe Commerce.
\nThe collaboration, announced Tuesday (April 8), is designed to give merchants more flexibility and choice in offering financing to their customers.
\n\u201cIn today\u2019s competitive market, the ability to provide customers with longer-duration, convenient payment options is essential,\u201d the companies said in a news release.\u00a0\u201cWith this integration, thousands of merchants that host websites on Adobe Commerce can offer the Synchrony product suite to accept Synchrony credit cards with extended term promotions and offer Pay Later installment financing at checkout online.\u201d
\nJason Knell, senior director of content and commerce partners at Adobe, said that flexible financing options can increase average order size and foster repeat business.
\n\u201cSynchrony\u2019s integration with Adobe Commerce to offer more financing options magnifies growth opportunities for our joint merchants by enhancing the shopping experience,\u201d he said.
\nThe partnership comes at a time when small- to medium-sized businesses (SMBs) are facing significant pressures in the wake of new U.S. tariffs.
\n\u201cWhen the economic winds start to howl, small- to medium-sized businesses (SMBs) turn up their collars,\u201d PYMNTS wrote Wednesday. \u201cAs the Trump administration\u2019s global tariffs send shock waves through stock markets and prompt fears of a recession, businesses across America may be in store for particularly acute pain.\u201d
\nForthcoming research by PYMNTS Intelligence shows that financing for SMBs is hard to come by. This research was conducted from Feb. 5 to Feb. 12, when the White House had announced tariffs against Canada, China and Mexico but before many countries instituted retaliatory levies and a global trade war kicked off.
\nAccording to the research, a little under half of these businesses \u2014 44% to be precise \u2014 say they have access to financing in any form: cash, a business credit card, bank loan or alternative source of credit.
\n\u201cThe workhorse of the U.S. economy lives hand-to-mouth,\u201d that report added.
\nAnd with no ability to tap funds when things get tight, pessimism is rising. Just under 7% of all SMBs surveyed for the report in early-to-mid February said they were unlikely to survive the next two years. This figure jumps to 13% for SMBs with no access to financing.
\n\u201cIt\u2019s feeling like a tornado to small business owners,\u201d Natalie Madeira Cofield,\u00a0CEO of the\u00a0Association for Enterprise Opportunity, which backs efforts to help companies with under 10 employees, told the New York Times recently. \u201cThis is an unprecedented moment.\u201d
\nThe post Synchrony Teams With Adobe Commerce to Offer Flexible Financing appeared first on PYMNTS.com.
\n", "content_text": "Financial services company Synchrony has launched a new integration with Adobe Commerce.\nThe collaboration, announced Tuesday (April 8), is designed to give merchants more flexibility and choice in offering financing to their customers.\n\u201cIn today\u2019s competitive market, the ability to provide customers with longer-duration, convenient payment options is essential,\u201d the companies said in a news release.\u00a0\u201cWith this integration, thousands of merchants that host websites on Adobe Commerce can offer the Synchrony product suite to accept Synchrony credit cards with extended term promotions and offer Pay Later installment financing at checkout online.\u201d\nJason Knell, senior director of content and commerce partners at Adobe, said that flexible financing options can increase average order size and foster repeat business.\n\u201cSynchrony\u2019s integration with Adobe Commerce to offer more financing options magnifies growth opportunities for our joint merchants by enhancing the shopping experience,\u201d he said.\nThe partnership comes at a time when small- to medium-sized businesses (SMBs) are facing significant pressures in the wake of new U.S. tariffs.\n\u201cWhen the economic winds start to howl, small- to medium-sized businesses (SMBs) turn up their collars,\u201d PYMNTS wrote Wednesday. \u201cAs the Trump administration\u2019s global tariffs send shock waves through stock markets and prompt fears of a recession, businesses across America may be in store for particularly acute pain.\u201d\nForthcoming research by PYMNTS Intelligence shows that financing for SMBs is hard to come by. This research was conducted from Feb. 5 to Feb. 12, when the White House had announced tariffs against Canada, China and Mexico but before many countries instituted retaliatory levies and a global trade war kicked off.\nAccording to the research, a little under half of these businesses \u2014 44% to be precise \u2014 say they have access to financing in any form: cash, a business credit card, bank loan or alternative source of credit.\n\u201cThe workhorse of the U.S. economy lives hand-to-mouth,\u201d that report added.\nAnd with no ability to tap funds when things get tight, pessimism is rising. Just under 7% of all SMBs surveyed for the report in early-to-mid February said they were unlikely to survive the next two years. This figure jumps to 13% for SMBs with no access to financing.\n\u201cIt\u2019s feeling like a tornado to small business owners,\u201d Natalie Madeira Cofield,\u00a0CEO of the\u00a0Association for Enterprise Opportunity, which backs efforts to help companies with under 10 employees, told the New York Times recently. \u201cThis is an unprecedented moment.\u201d\nThe post Synchrony Teams With Adobe Commerce to Offer Flexible Financing appeared first on PYMNTS.com.", "date_published": "2025-04-08T15:32:09-04:00", "date_modified": "2025-04-08T22:28:25-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2021/10/synchrony.jpg", "tags": [ "Adobe", "Adobe Commerce", "B2B", "B2B Payments", "commercial payments", "financing", "News", "Payment Methods", "PYMNTS News", "small and medium sized businesses", "small businesses", "SMBs", "synchrony", "What's Hot", "What's Hot In B2B", "Partnerships" ] }, { "id": "https://www.pymnts.com/?p=2618794", "url": "https://www.pymnts.com/partnerships/2025/i2c-teams-with-access-finance-to-expand-credit-card-in-u-s/", "title": "i2c Teams With Access Finance to Expand Credit Card in US", "content_html": "Banking/payment solutions provider i2c has teamed with Bulgarian FinTech Access Finance.
\nThe collaboration, announced in a news release Monday (April 7), will help Access introduce the next phase of its Juzt Digital Credit Card program in the U.S.
\n\u201cThe expanded Juzt Digital Credit Card program, which leverages i2c\u2019s global, unified banking and payments platform, offers an unsecured digital credit card aimed at helping consumers build and strengthen their credit histories,\u201d the release said.
\nIn removing the requirement for collateral, the card offers a more inclusive approach, catering to consumers in the subprime category or those who wish to establish a strong credit record, the companies added.
\n\u201cThis ongoing partnership with Access Finance highlights the versatility of i2c\u2019s platform in supporting complex credit programs and expanding financial access,\u201d said i2c chief executive Amir Wain. \u201cWe\u2019re excited to continue supporting Access Finance in their mission to provide U.S. consumers with meaningful credit-building tools that can help shape a more financially inclusive future.\u201d
\nWorking with The Bank of Missouri as the issuing bank, Access Finance aims to bridge a gap in the U.S. market by offering accessible credit options that also serve as effective tools for building credit.
\n\u201cAccess Finance is committed to helping consumers take control of their financial futures by providing accessible credit-building opportunities through the Juzt card,\u201d said Ivan Arnaudov, CEO of Access Finance, in the release. \u201cIn partnership with i2c, we deliver a seamless, digital-first solution that empowers users to establish or improve their credit, no matter where they are on their financial journey.\u201d
\ni2c provides credit solutions for various issuers, including FinTechs and traditional financial institutions, leveraging over 20 years of experience in global payments. Its unified platform offers a foundation for transaction processing, portfolio reporting and network integration with major payment networks.
\nIt also provides tools for cardholder engagement, including flexible loyalty program configuration, various reward currencies, and a communication manager for trigger-based communications, as well as fraud and risk management solutions.
\nThe post i2c Teams With Access Finance to Expand Credit Card in US appeared first on PYMNTS.com.
\n", "content_text": "Banking/payment solutions provider i2c has teamed with Bulgarian FinTech Access Finance.\nThe collaboration, announced in a news release Monday (April 7), will help Access introduce the next phase of its Juzt Digital Credit Card program in the U.S.\n\u201cThe expanded Juzt Digital Credit Card program, which leverages i2c\u2019s global, unified banking and payments platform, offers an unsecured digital credit card aimed at helping consumers build and strengthen their credit histories,\u201d the release said.\nIn removing the requirement for collateral, the card offers a more inclusive approach, catering to consumers in the subprime category or those who wish to establish a strong credit record, the companies added.\n\u201cThis ongoing partnership with Access Finance highlights the versatility of i2c\u2019s platform in supporting complex credit programs and expanding financial access,\u201d said i2c chief executive Amir Wain. \u201cWe\u2019re excited to continue supporting Access Finance in their mission to provide U.S. consumers with meaningful credit-building tools that can help shape a more financially inclusive future.\u201d\nWorking with The Bank of Missouri as the issuing bank, Access Finance aims to bridge a gap in the U.S. market by offering accessible credit options that also serve as effective tools for building credit.\n\u201cAccess Finance is committed to helping consumers take control of their financial futures by providing accessible credit-building opportunities through the Juzt card,\u201d said Ivan Arnaudov, CEO of Access Finance, in the release. \u201cIn partnership with i2c, we deliver a seamless, digital-first solution that empowers users to establish or improve their credit, no matter where they are on their financial journey.\u201d\ni2c provides credit solutions for various issuers, including FinTechs and traditional financial institutions, leveraging over 20 years of experience in global payments. Its unified platform offers a foundation for transaction processing, portfolio reporting and network integration with major payment networks.\nIt also provides tools for cardholder engagement, including flexible loyalty program configuration, various reward currencies, and a communication manager for trigger-based communications, as well as fraud and risk management solutions.\nThe post i2c Teams With Access Finance to Expand Credit Card in US appeared first on PYMNTS.com.", "date_published": "2025-04-08T14:36:01-04:00", "date_modified": "2025-04-15T15:16:05-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/i2c-Access-Finance-partnerships.jpg", "tags": [ "access finance", "credit cards", "Digital Credit Cards", "i2C", "Juzt Credit Card", "News", "Partnerships", "PYMNTS News", "What's Hot" ] } ] }