Electronic Bill Payment

Stablecoins have come in for government scrutiny in recent weeks, but use of this blockchain-based technology to enable immediate business-to-business payments between bank clients is moving forward nonetheless. Late Thursday, Tassat Group Inc. announced Phoenix-based Western Alliance Bank will use the company’s TassatPay technology to allow business clients to pay …

Buy now, pay later specialist Splitit Payments Ltd. said its merchant sales volume for the first two months of the fourth quarter totaled $94 million, a 52% increase quarter-over-quarter and a 61% increase year-over-year. Splitit reported $11 million in merchant sales volume across the holiday shopping weekend, including Black Friday and Cyber …

Online checkouts remain a challenge for many merchants as 40% report cart abandonment as more than a minor issue and 41% say fraudulent transactions have risen since the pandemic set in, according to Paysafe Ltd.’s “Lost in Transaction” report.PayPal Holdings Inc. said merchants on the Wix.com Ltd. e-commerce platform can offer …

An ambitious payments startup clinched a big funding round on Tuesday and said its sights are now set on the U.S. market as well as other countries. London-based Payhawk Ltd. secured $112 million in a Series B round led by San Francisco-based Greenoaks, valuing the 3-year-old company at $570 million. …

A survey from bill-payment provider doxo Inc. indicates U.S. households spend $380 billion annually on utility bills, with utility costs across the doxo platform up 4% in October compared to the same month last year.Mobile parking-payments app provider PayByPhone Technologies Inc. launched PayByPhone Business, an app for fleet-parking management.Robert Blair is joining payments platform Fintainium as president. …

U.S. Bank said it added its Request for Payment services to its U.S. Bank eBill Service, enabling the bank’s commercial clients access to an integrated bill delivery and payment platform. The Request for Payment component enables consumers to choose to have their bills delivered directly to them through the bank’s Web …

Building on its strategy of expanding beyond peer-to-peer payments, Zelle, the P2P network operated by Early Warning Services LLC, processed $127 billion on 466 million transactions during the third quarter of 2021. Overall, the dollar value of payments sent during the quarter increased 51% from the same period a year …

As part of its strategy to remove friction from the accounts-payable and accounts-receivable process for small and medium-size businesses, payment-technology provider Veem Inc. on Thursday announced a partnership with Q2 Holdings, Inc., a provider of digital banking and lending solutions. Under the terms of the deal, Veem will make its …

Driven by a surge in business-to-business and health-care claims payments, transactions on the nation’s automated clearing house network swelled 7.7% year-over-year in the third quarter, according to Nacha, the organization that governs the network. Transactions totaled 7.3 billion, up by 520 million, while dollar volume totaled $18.1 trillion, a 13/8% …

The movement to speed up cross-border payments received another boost Monday as Mastercard Inc. announced the integration of Mastercard Cross-Border Services, the card network’s global push payments platform, with Previse Ltd.’s InstantPay platform.  The cross-border payments integration, which leverages machine learning, will enable companies to identify invoices likely to be …