Flywire Launches Charitable Foundation To Foster Equality For The Underrepresented
Flywire is looking to offer four scholarships to students from underrepresented areas or backgrounds studying medicine, global health and social justice, a press release from the vertical payments company says. The applications for the scholarships are available through July 31 for any undergraduate or graduate students. The scholarships are directly related to the main stories in … Continue reading Flywire Launches Charitable Foundation To Foster Equality For The Underrepresented Continue Reading
Checks have historically dominated the property & casualty (P&C) insurance industry as the primary way insurers paid their policyholders and vendors, but paper-based payments have limits that have become prevalent during the pandemic. The rising demand for faster funding is spotlighting the need for digital transformation. Carriers like P&C shared service firm Tokio Marine North America … 
The cross-border eCommerce market presents a massive growth opportunity for businesses looking to expand, as eCommerce sales are expected to reach $18.9 trillion by 2027, and more than half of all eCommerce shoppers buy from merchants abroad. The ongoing pandemic is fueling this demand for digital commerce options. Recent studies show that global retail eCommerce sales grew 209 percent in April … 
New payments infrastructure continues to gain traction with financial service providers looking to modernize their services for business clients. In the U.S., The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. And when it comes to legacy … 
While there are many unknowns about the long-term financial impact of the pandemic on businesses, a few scenarios are likely to occur. Economists are predicting a wave of bankruptcies, which could hit the small- to medium-sized business (SMB) community particularly hard. As those businesses fight to survive, SMBs are also facing another massive pain point: late … 
Many businesses today see selling products in new markets as a growth opportunity. Appealing to a wider array of customers within the U.S. or even as far as the European Union or East Asia can help merchants reach new customers and potentially increase their revenues. Expanding into a new market — even one as geographically … 
Paytronix Systems Inc., the Massachusetts-based restaurant digital payment software company, has launched contactless dining for guests to access menus, order and pay touch-free. The tool, called Contactless Dining, allows patrons to order electronically, open a tab for drinks, have food delivered to their table and pay the bill. “In just a few months the restaurant … 
Like contactless payments, “buy now, pay later” (BNPL) companies are having a right time, right idea moment thanks to COVID-19, as consumers look to stretch every dollar — buying time, as it were — until livings and revenues are adequately restored across a reeling economy. Because BNPL emerged from the Great Recession, that mindset is … 
nCino, a cloud-based software provider for financial institutions (FIs), plans to go public, per a press release. In its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC) on Monday (June 22), the North Carolina-based company said it plans to raise $100 million. nCino, which was founded in 2012, said it will use the … 
Cedar, a provider of technology focused on fostering smooth financial interactions between healthcare providers and patients, announced $102 million in new venture capital funding and a new business relationship with a provider network on Monday (June 22). New York City-based Cedar said Andreessen Horowitz led the $102 million Series C funding round. In addition to $77 million …