| Fed investigates Wells PPP Loans, Revolut looks to buy distressed rivals, Visa, Conferma Pay take corporate card spend tap and pay |  | | Visa, Conferma Pay, Make Corporate 'On The Go' Card Spend Tap And Pay Tap to pay has come to virtual corporate cards. Conferma Payâs new partnership with Visa makes it possible for companies to use virtual cards provisioned to their employees Apple Pay and Google Pay accounts to manage, track and reconcile their âon the goâ expenses in real time. Conferma Pay CEO Simon Barker tells Karen Webster that its virtual card platform easily integrates with existing spend management platforms to help companies manage spend before it is spent â now critical in the age of the distributed workforce. |
| Online Gambling And The Challenges Of Betting On Instant Disbursements Consumers have turned to online gambling platforms to try their luck at games of chance since casinos remain closed. But while players at physical locations can instantly get their winnings, online gamblers must typically wait for five-day ACH settlements or even paper checks. In the latest Disbursements Tracker, Mickael Marceau, head of payments for Kindred Group, parent company for online casino Unibet, explains how âback-to-cardâ disbursements could help online casinos keep more players at those virtual tables. |
| Flywire CEO: How Higher Ed Must Find The Flexibility To Manage Cash Flow Fall-tuition deposits are due soon for U.S. university students, even though campuses are closed and no one knows when theyâll reopen. CEO Mike Massaro of Flywire, a payments technology firm popular with educational institutions, tells PYMNTS that universities and other industries must prepare for everything â from customers who canât pay their bills to radically reduced cash flow. |
| What It Takes To Get Consumers (And Merchants) To Go Cashless, Contactless – And PIN-less The appeal of contactless payments has skyrocketed since the pandemic hit across the globe, but mobile-wallet usage has been stuck in the single-digit range despite being available for years. But Lillie Platko, general manager of payment networks at FIS, tells PYMNTS the stage might finally be set for contactless adoption to be cemented as a payment method of choice … even after the pandemic is a distant memory. |
| LendingClub: 11 Pct Of Personal Loans In 'Skip A Pay' Programs LendingClub’s latest results show just how quickly the world has changed in the span of a single quarter. Loan originations plummeted, the company cut staff and has sought to cut other expenses in the wake of the pandemic – and borrowers are taking advantage of deferred payment plans. Yet, might there be light at the end of the tunnel? We break down the numbers. |
| | How We Eat | | Impossible Foods CFO On The Shift To Grocery And Clearing The Meat Loverâs Bar Home cooks can now find Impossible Foodsâ meatless meat products in all 1,700 Kroger stores, bringing the number of total grocery store outlets to 2,700. Chief Financial Officer David Lee tells Karen Webster that with a pandemic causing shortages of traditional meat, itâs a delicious moment for the entire plant-based-food industry â and for real meat lovers who crave a tasty and environmentally-friendly alternative. |
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