Digital wallets, which are becoming popular throughout the world as an alternative to credit and debit cards and cash, are a handy method to make payments. But which digital wallet application is the most reliable and trustworthy for you? The selection of the most appropriate wallet should be your priority, and to do so, it […]
Consumer applications like Venmo, Cash, and Zelle have revolutionized person-to-person instant payments. Businesses have not had the same functionality and the business-to-business payment space has long been reliant on charging significant transaction fees and tying up cash flow with long waits until funds are available. This is especially onerous for small businesses, freelancers, and startups that operate on tight margins. Hopscotch is a B2B payments platform that offers instant payments without any fees. Similar to the consumer apps, users can collect and receive payments from clients and vendors, whether they have Hopscotch accounts or not. The company just launched its payment product this week in private beta and plans to expand its offering to holistically service the needs of small businesses. AlleyWatch caught up with Hopscotch CEO and Cofounder Reed Switzer to learn more about how the business is catering to the needs of a digitally savvy generation, the company's strategic plans, and latest round of funding from investors that include Shine Capital, Stellation Capital, NOEMIS Ventures, 3KVC, Valar Ventures, and Red & Blue Ventures.
Pirate IPTV service Nitro TV was sued by DISH Network in 2021 for mass violations of the DMCA's anti-circumvention provisions and breaches of the Federal Communications Act. A new filing reveals that Nitro's operators could face a damages award of $100m and that's with DISH significantly lowering what it says it is entitled to claim under the law.
From: TF, for the latest news on copyright battles, piracy and more.
The digital economy continues to grow, up significantly from 2002, when total holiday sales hit just $416.4 billion. Eventually it all passes through financial service institutions. Whether payments are processed through Apple Pay or Venmo, PayPal or a debit card, there is always involvement with an account at a financial services institution. This opens up […]
Radha Suvarna, head of enterprise payments strategy and innovation at Citizens, will join the panel “Strategies for Automating Payment Processes” on Wednesday, March 2, at 11:15 a.m. ET at Bank Automation Summit 2022. The Summit will be held March 1-2 at JW Marriott in Charlotte, N.C. The panel will discuss real-time transaction processing, embedded payments […]
Payments sent using Zelle surpassed checks written by Bank of America customers in 2021. The real-time payments platform’s usage was also up 20% in January 2022 over the previous year. The $3.1 trillion bank saw a 17% increase at $335 million in total payments during January, its second-highest month of spending on record. Bank of […]
Core provider Fiserv’s market strategy continues to focus on bank partnerships and fintech acquisitions as revenues grow and development picks up speed. Financials were in line with expectations, Fiserv Chief Executive Officer Frank Bisignano said during today’s fourth-quarter earnings call. Adjusted revenue was $4 billion, up 11% year over year. Financial technology revenue clocked in […]
Bank of America largely credits digital banking, sales and services for its $31.9 billion in net income for 2021, a 79% year-over-year increase. "The best way to highlight the drivers behind the earnings success is to look at the momentum and client activity across the businesses," Chief Executive Officer Brian Moynihan said during Wednesday's fourth-quarter […]
Truist is headed for its final core conversion in February when heritage SunTrust clients will be migrated to the Truist platform. The $541 billion Truist highlighted its recently launched ecosystem and technology automation advancements Tuesday during its fourth-quarter earnings call. Among the capabilities Truist will introduce this year are a new artificial intelligence (AI)-driven insights […]
