Wednesday , September 30, 2020 Teams With Keybank And Other Digital Transactions News From 8/27/20

  • Cloud-based business software provider has teamed with KeyBank to launch Key CashFlow, an online-banking facility that streamlines payments for small businesses.
  • Point-of-sale installment lender Affirm Inc. said it is working with David’s Bridal to allow brides to pay for their wedding gowns with payments over three or six months at no interest.
  • Shopmonkey Inc., a software provider for automotive-repair shops, raised $25 million in a Series B round led by Bessemer Venture Partners. The company’s cloud-based system handles payment processing as well as other functions.
  • The proportion of U.S. consumers shopping at online-only retailers with a mobile device jumped to 33% this year, up from 16% in 2018, according to Mercator Advisory Group’s “Buyer Payments Insights – The Organic Move to Mobile” report, which surveyed 3,000 adults in late February and early March.

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