Friday , April 12, 2024

Zilch Tries 3-Month BNPL And Other Digital Transactions News briefs from 11/30/23

  • London-based buy now, pay later platform Zilch said it will launch in April an option allowing users to spread interest-free payments over three months. A trial of the service is in progress with 100,000 Zilch users. The company, whose main offering requires repayment over six weeks, claims 3.6 million users overall.
  • Yardi, a specialist in rent payments for landlords, said more than 5,000 clients have participated so far in the company’s program offering no-fee rent-payment collection using the automated clearing house network’s same-day ACH service. The program, offered in the United States and Canada, was announced at the end of October.
  • Green Dot Corp. announced a partnership with Dayforce Inc. that will see Green Dot act as the U.S. banking provider for Dayforce Wallet, an on-demand payroll service.
  • RevSpring and SalesVu announced a deal under which RevSpring will combine its merchant services and patient billing capabilities with an in-store point of sale and e-commerce platform from Salesvu.
  • PaymentVision is promoting Settlement Offers, a new processing platform that the company says can offer more flexible payment and debt-settlement alternatives.
  • Payments provider Repay Holdings Corp. announced an integration with Maxyfi, a developer of collections and accounts-receivable software.
  • AppTech Payments Corp. said its client, InstaCash Inc., is signing up initial participants for the expected late June launch of a mobile-to-mobile payments service that will run on AppTech’s FinZeo platform.
  • Pushpay, a payments app aimed at churches, launched Pushpay Insights, a service offering data to ministers and other church officials to aid in managing decison-making.
  • The Electronic Transactions Association announced the winners of its inaugural Top 10 Payments ISVs awards. The recipients, in alphabetical order, are: Applova, Charge to Charge, Exact Payments, Jobox, MarketTime, PaymentLock, Paystand, QuoteMachine, Revolv3, and TouchBistro. ISVs, or independent software vendors, are entities that specialize in weaving payments-acceptance capability into business software.
  • Average credit card margins—the difference between what issuers charge and the average prime rate—are at an all-time high, the Consumer Financial Protection Bureau argued in a report released Thursday. That margin stood at 14.3% in 2023 vs. 9.6% 10 years ago, the Bureau’s figures show.

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