Today, in the connected economy, Amazon’s expansion of its Just Walk Out technology continues by bringing the frictionless payment offering to the Houston Astros stadium. Additionally, Wells Fargo is announcing a partnership with nonprofit Operation HOPE to improve financial inclusion for the unbanked, and fellow banking giant Santander is launching an eLockBox to simplify digital payments for business customers.
Houston Astros add Amazon’s ‘Just Walk Out’ technology
Amazon has partnered with the Houston Astros to bring its Just Walk Out frictionless payment system to the Texas baseball team’s stadium. The technology is available at Minute Maid Park’s 19th Hole and Market stores, which offer snacks, sodas, candies, ready-to-drink alcoholic beverages and, in the case of the 19th Hole, pre-packaged salads, bottles of wine and memories.
Wells Fargo partners with Operation HOPE to drive inclusion for the unbanked
Wells Fargo has partnered with the nonprofit Operation HOPE to drive financial inclusion and remove barriers to unbanked populations, half of whom are Black, African American, Hispanic, and Native American/Native American households. Alaska. The first HOPE Inside centers are expected to launch in the Atlanta, Houston and Oakland markets this month. By the end of 2022, HOPE Inside centers will expand to Los Angeles, Minneapolis, New York, and Phoenix, as well as Newark, New Jersey; Camden, New Jersey; and Gallup, New Mexico.
Santander Bank launches Santander eLockBox to consolidate digital payments
Banking giant Santander Bank has unveiled Santander eLockBox, which consolidates businesses’ inbound digital payments and simplifies electronic receivables management. Customers who use the tool can automate their revenue cycles to save time, reduce costs, and access more resources to meet their business needs. “The launch of our full-service Santander eLockBox is a great solution for customers who are ready to simplify their electronic payment processes,” said Ken Deveaux, Head of Santander Transaction Banking.
Nexo, Mastercard, DiPocket launch card backed by crypto line of credit
Nexo, a Swiss platform offering instant crypto-backed loans, has unveiled a cryptocurrency Mastercard for select markets in Europe. Nexo Card has partnered with Mastercard and DiPocket, a London-based e-wallet, giving customers access to crypto cash at over 92 million e-commerce sites globally. The card allows users to spend without selling their digital assets.
True North Federal Credit Union Selects PSCU to Provide Credit and Debit Processing Support
PSCU, a Credit Union Service Organization (CUSO), has been selected by True North Federal Credit Union to handle its credit and debit processing work. True North, based in Alaska, has been around since 1948 and contributes to various civic and non-profit organizations, while also assisting with various recreational and charitable events serving local communities.
Brex launches financial software to accelerate business efficiency
Business FinTech company Brex has launched Brex Empower, a software platform designed to increase business speed and serve as the foundation for the company’s products, starting with a new expense management tool. Among the companies choosing Brex Empower to boost their speed is DoorDash, which has more than 9,000 distributed employees.
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NEW PYMNTS DATA: THE FUTURE OF BUSINESS SUPPLIER INNOVATION STUDY – APRIL 2022
On: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow visibility, 56% believe the solution could be difficult to integrate with AP systems and existing ARs. The Future Of Business Payables innovation report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed customer expectations. SMEs and help sustain their activities.
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