Payment processing

ZestFinance is bringing its machine learning software ZAML to Brazilian retailer Via Varejo and its digital banking subsidiary Banqi to power the credit underwriting for Varejo’s “carnês” point-of-sale microfinance lending product.

For business payments, financial institutions have the trust advantage over fintechs but are not offering an easier experience, argues Steve Robert, co-founder and CEO of Autobooks.

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

Swift completed a seven-country trial of its cross-border GPI Instant payment service resulting in the successful integration with Singapore’s domestic instant payment network FAST.

For ISOs, it's hard to watch someone else deliver payment services in their place.

Postmates, which relied solely on Stripe Connect for accepting customer payments for its on-demand delivery service launched in 2011, is adding Adyen as another partner for payments processing.

Optimizing web sites to be able to accommodate more traffic must be a long-term goal, not only the special days, writes Lex Boost, CEO of Leaseweb USA.

Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.

Artificial intelligence software could even be used to analyze and score credit transactions as is done for banking transactions, writes Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.

In immediate, unrestricted availability of funds, the only true providers are those networks operated by banks or other financial institutions, writes Jack Baldwin, CEO of Baldwin Hackett & Meeks.