Electronic funds transfer

Ruby Has Fulfillment Announces Partnerships with Brightpearl and Happy Returns

Retrieved on: 
Monday, June 28, 2021
Luxury, Technology, Discount, Variety, Department Stores, Home Goods, Other Transport, Specialty, Transport, Food, Beverage, Cosmetics, Logistics, Supply chain management, Software, Retail, Convenience store, Office Products, Online Retail, Catalog, Programming languages, Computer programming, Cryptocurrencies, EBay, Electronic funds transfer, PayPal, Ruby, Logistics, Brightpearl, Happy Returns, Ruby Has Fulfillment, BRIGHTPEARL, HAPPY RETURNS, RUBY HAS FULFILLMENT

Ruby Has, a leading fulfillment and logistics provider for DTC ecommerce brands, today announced new partnerships with Brightpearl and Happy Returns .

Key Points: 
  • Ruby Has, a leading fulfillment and logistics provider for DTC ecommerce brands, today announced new partnerships with Brightpearl and Happy Returns .
  • Happy Returns provides a comprehensive solution designed to automate the returns and exchange processes through its network of more than 2,600 drop-off locations.
  • The platform integrates with Ruby Has returns processing system, authorizing return labels for improved efficiency and visibility throughout the process.
  • We are excited to partner with a world-class fulfillment provider in Ruby Has, said Andrew Pease, senior director of growth for Happy Returns at PayPal.

Affle Global wins legal battles as PhonePe fails to acquire 92% of OSlabs Pte. Ltd.

Retrieved on: 
Monday, June 28, 2021
Payment systems, Companies based in Bangalore, Mobile payments in India, E-commerce in India, Electronic funds transfer, PhonePe, Money, Service industries

20% equity ownership to PhonePe until the Right Of First Refusal ("ROFR") is duly offered to the existing shareholders of OSLabs.

Key Points: 
  • 20% equity ownership to PhonePe until the Right Of First Refusal ("ROFR") is duly offered to the existing shareholders of OSLabs.
  • Despite this win, AGPLdid not go to the media with any statement on OSLabs or PhonePe.
  • These rights are being denied unfairly by OSLabs founders and 3 PhonePe employees acting as board members of OSlabs.
  • On June 18, 2021, due justice was delivered to AGPL and PhonePe was defeated in the legal battles as per the orders made.

Canadians increased online shopping spend by more than $2B per month compared to pre-pandemic

Retrieved on: 
Wednesday, June 23, 2021
Payment systems, Economy, Money, EBay, Electronic funds transfer, Elon Musk, PayPal, Online shopping, Shopping

PayPal Canada survey reveals 59 per cent of Canadians have boosted their online shopping habits compared to before the pandemic.

Key Points: 
  • PayPal Canada survey reveals 59 per cent of Canadians have boosted their online shopping habits compared to before the pandemic.
  • TORONTO, June 23, 2021 /CNW/ -Even as Canadians emerge from lockdown, the shift to online shopping is dominating consumer trends.
  • A new survey from PayPal Canada shows Canadians have overall increased their monthly online shopping spend by more than $2 billion compared to pre-pandemic.
  • Secure solutions: One in five Canadians (19 per cent) say they are held back from online shopping because they are worried about safely transacting online.

EVO Payments Launches ACH Transaction Processing for PayFabric

Retrieved on: 
Tuesday, June 22, 2021
Merchant services, Electronic funds transfer, Articles, Economy, Payment processor, Payments, Payment gateway, Money

ATLANTA, June 22, 2021 /PRNewswire-PRWeb/ --EVO Payments, Inc. ("EVO"), a leading global provider of payment technology integrations and acquiring solutions, today announced the launch of EVO ACH to enable merchants to send and receive debit payments directly to and from a customer's bank account.

Key Points: 
  • ATLANTA, June 22, 2021 /PRNewswire-PRWeb/ --EVO Payments, Inc. ("EVO"), a leading global provider of payment technology integrations and acquiring solutions, today announced the launch of EVO ACH to enable merchants to send and receive debit payments directly to and from a customer's bank account.
  • As EVO's latest value-added processing service, EVO ACH is integrated to EVO's proprietary payment gateway, PayFabric, allowing EVO's merchants to seamlessly offer their customers with an additional payments method.
  • "We are very excited to be able to offer EVO ACH to our customers via our PayFabric gateway," stated Brendan Tansill, EVO's President, the Americas.
  • PayFabric now supports EVO ACH to offer merchants the unprecedented speed, security, and flexibility of ACH payment processing.

Shannon Allmon Joins BlockFi as General Manager of Retail

Retrieved on: 
Tuesday, June 15, 2021
Payment systems, Companies, Finance, Mobile payments, Cryptocurrencies, Electronic funds transfer, EBay, PayPal, Fannie Mae

JERSEY CITY, N.J., June 15, 2021 /PRNewswire/ -- BlockFi , a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, today announced that Shannon Allmon has joined the company as General Manager of Retail.

Key Points: 
  • JERSEY CITY, N.J., June 15, 2021 /PRNewswire/ -- BlockFi , a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, today announced that Shannon Allmon has joined the company as General Manager of Retail.
  • Mr. Allmon joins BlockFi with over 20 years of financial services experience, most recently from PayPal, where he served as Senior Director of Product Development.
  • Prior to his role at PayPal, Mr. Allmon successfully launched and managed multiple financial services products for Fannie Mae and Capital One.
  • Mr. Allmon is based in Baltimore and holds a BBA from the College of William and Mary.

Tasker Payment Gateways LLC Releases E-Commerce Guide For Selling Both CBD and Smoke Shop Items

Retrieved on: 
Tuesday, June 15, 2021
Merchant services, Electronic funds transfer, Payment gateway, Online payments, Money, Financial services, Finance

Tasker Payment Gateways LLC has spent nearly two decades helping online merchants accept credit cards for their high-risk products.

Key Points: 
  • Tasker Payment Gateways LLC has spent nearly two decades helping online merchants accept credit cards for their high-risk products.
  • For many e-commerce merchants who have some experience selling smoke shop items, expanding into CBD products makes sense.
  • On the other hand, some merchants who have been selling CBD items online may want to expand as well, to include smoke shop items in their store, and the Tasker Payment Gateways LLC CBD and smoke shop e-commerce guide discusses some considerations to help merchants stay within regulations when wording their marketing materials.
  • You can read Tasker Payment Gateways LLC's 2021 guide to selling both CBD and smoke shop items, for free, on their website: https://taskerpaymentgateways.com/process-cbd-and-glass-pipes-payments-o...

TransferMate Offers Fast and Easy Global Payment Option for Alibaba.com Customers

Retrieved on: 
Tuesday, June 15, 2021
Foreign exchange companies, Electronic funds transfer, TransferMate, Alibaba Group, Service companies, Companies

TransferMate customers will also be able to access global markets when selling on Alibaba.com, broadening their reach to a wider international customer base.

Key Points: 
  • TransferMate customers will also be able to access global markets when selling on Alibaba.com, broadening their reach to a wider international customer base.
  • TransferMate is solving some traditional payment headaches that plague the global ecommerce space.
  • This cross-border solution from TransferMate improves the cash flow of the billing business, which might normally wait days for a payment.
  • Leading banks, fintechs and software providers partner with TransferMate to offer an enhanced user experience for their business customers.

Brightflag Releases Bill.com Integration, Uniting Corporate Legal & Finance Teams

Retrieved on: 
Tuesday, June 15, 2021
Bill.com, Electronic funds transfer, Companies, Financial services

Brightflag customers using Bill.com can now automatically ensure invoices submitted by legal vendors include the correct cost code allocations and currencies before reaching financial approvers.

Key Points: 
  • Brightflag customers using Bill.com can now automatically ensure invoices submitted by legal vendors include the correct cost code allocations and currencies before reaching financial approvers.
  • "Brightflag has always been focused on helping in-house legal teams better align with the rest of the business," said Barry O'Melia, Brightflag's VP of Product.
  • Using Brightflag, corporate legal teams achieve visibility into their operations, streamline internal workflows, and engage with outside counsel more efficiently.
  • Brightflag serves a global community of corporate legal teams and their outside counsel partners from offices in New York, Dublin, and Sydney.

DNA Payments Raises £100 Million to Accelerate Growth and Make New Acquisitions

Retrieved on: 
Monday, June 14, 2021
Banking, Professional services, Finance, Payment systems, Online payments, Money, Digital currencies, Mobile payments, Foreign exchange companies, Electronic funds transfer, Alchemy Partners, DNA Payments, ALCHEMY PARTNERS, DNA PAYMENTS

DNA Payments Group (DNA), the fast-growing vertically integrated payments company, has signed a 100 million deal with Alchemy Partners (Alchemy).

Key Points: 
  • DNA Payments Group (DNA), the fast-growing vertically integrated payments company, has signed a 100 million deal with Alchemy Partners (Alchemy).
  • View the full release here: https://www.businesswire.com/news/home/20210614005161/en/
    DNA Payments raises 100 Million to accelerate growth and make new acquisitions.
  • This transaction will allow us to accelerate our growth, helping more merchants accept payments quickly and easily, both in-store and online.
  • DNA Payments Limited is authorised and regulated by the Financial Conduct Authority, under the Payment Services Regulations 2017 for the provision of payment services.

Paysafe Prices Offering of US$931 Million Senior Secured Notes to Refinance Existing Indebtedness and Extend Maturity Profile

Retrieved on: 
Thursday, June 10, 2021
Professional services, Data management, Security, Technology, Software, Finance, Banking, Digital currencies, Corporate finance, Finance, Money, Paysafe, Electronic funds transfer, Online gambling

Paysafe Limited (NYSE: PSFE) (Paysafe or the Company) today announced the pricing of the previously announced offering by Paysafe Holdings (US) Corp. and Paysafe Finance PLC, indirect subsidiaries of Paysafe, of US$931 million (equivalent) aggregate principal amount of senior secured notes, consisting of US$400 million of 4.00% senior secured notes due 2029 and 435 million of 3.00% senior secured notes due 2029.

Key Points: 
  • Paysafe Limited (NYSE: PSFE) (Paysafe or the Company) today announced the pricing of the previously announced offering by Paysafe Holdings (US) Corp. and Paysafe Finance PLC, indirect subsidiaries of Paysafe, of US$931 million (equivalent) aggregate principal amount of senior secured notes, consisting of US$400 million of 4.00% senior secured notes due 2029 and 435 million of 3.00% senior secured notes due 2029.
  • The offering is expected to close on June 28, 2021, subject to customary closing conditions.
  • The notes will be fully and unconditionally guaranteed by Paysafe Group Holdings II Limited, an indirect subsidiary of Paysafe, and certain other subsidiaries of Paysafe.
  • Paysafe intends to use the proceeds from the notes offering, together with the proceeds of new term facilities, to refinance certain existing indebtedness.