The current economic climate is stressing supply chain management, with Walmart adding business payment features designed to address clients’ cash flow challenges while expanding its long-standing encroachment into banking. “For small- to medium-size businesses and nonprofits, they need to be flexible and in times of uncertainty it’s especially important,” Ashley Hubka, senior vice president and general manager of Walmart Business, told American Banker. Walmart is testing a product that offers extended payment terms and treasury management tools for businesses, nonprofits and government-affiliated organizations. While the big box retailer has long pushed a consumer-focused financial services menu, its Pay by Invoice release is a deeper foray into B2B finance. Walmart’s Pay by Invoice works through TreviPay to set up 30-day terms for business purchases at Walmart. Buyers apply for a line of credit with TreviPay, with options to increase the credit limit as business needs evolve. The product is in pilot, with Walmart planning to expand availability in the coming months. TreviPay, a B2B invoicing and lending fintech, manages credit underwriting, know-your-customer and other risk management. Walmart currently supports debit, ACH, credit card and gift card payments for business purchases, which limits some larger ticket items. Small businesses, nonprofits and schools use Walmart to buy supplies and large grocery orders for events. Larger purchases, particularly bulk supplies, can require credit or financing, which normally forces buyers to use a bank or other outside financial relationship. Pay by Invoice can keep more shopper activity under Walmart’s umbrella. “We’ve noticed a need for more options,” Hubka said. Hubka said the B2B payments expansion is not a direct response to Trump’s tariffs, but she did mention the current environment poses economic challenges. In addition, many of Walmart’s business customers told the retailer that Walmart’s existing payment systems did not support larger purchases, while potential business clients said they could not buy from Walmart unless the retailers’ payment processing system could be expanded to include lines of credit or longer terms than immediate purchases.
Q2 to embed Greenlight’s family focused financial literacy tools to enable FIs to deliver financial education and personal finance experiences directly to parents and kids within its digital banking experience
Greenlight has partnered with Q2 Digital Banking Platform to embed its family-focused money app within their digital banking experience. The Q2 Partner Accelerator program allows financial institutions to deliver financial education and personal finance experiences directly to parents and kids through their bank’s app. Greenlight’s financial literacy tools enable kids and teens to earn, save, spend wisely, give, and learn. The integration also equips families to protect their finances, providing parents with tools to monitor transactions, automate allowances, and control spending. The Greenlight app includes curriculum-based content like Level Up™, Greenlight’s interactive financial literacy game. The Q2 Partner Accelerator program allows financial services companies to pre-integrate their technology to the Q2 Digital Banking Platform, allowing financial institutions to work with these partners, purchase their solutions, and deploy their standardized integrations to account holders. With the Greenlight Q2 Integration, families can more easily learn about smart money habits and find safe financial tools in their everyday banking platform.
Crypto fund JellyC’s partnership with crypto exchange OKX and Standard Chartered to enable it to trade cryptos using tokenized money market fund as off-exchange collateral, without requiring to move funds to the exchange upfront.
JellyC, a digital asset investment manager with over $100 million in assets under management, said it joined a program with crypto exchange OKX and international bank Standard Chartered (STAN) that will allow it to trade cryptocurrencies while keeping its collateral secure off-platform. The company will use a Franklin Templeton tokenized money market fund (TMMF) as its preferred trading collateral. The collateral will be held by Standard Chartered. JellyC said the initiative will enhance its capital efficiency and reduce its direct exposure to OKX, potentially attracting institutional investments and mitigating the risk of an FTX-style blowup that destroyed billions in investor wealth. “Franklin Templeton’s natively minted on-chain TMMF provides legal certainty of fund ownership in real time, 24/7/365, and airdrops daily as new tokens,” JellyC CEO Michael Prendiville said in the email. “Marrying the Franklin TMMF with the Standard Chartered and OKX tripartite collateral structure elevates safety and soundness to a level akin to traditional finance, making this fit for purpose in a digital world.” Prendville said the approach is suitable for the wealth and funds management sector, as well as Australia’s superannuation, or pensions savings, industry and caters to the demand for digital asset trading products that leverage established banking infrastructure to ensure secure and compliant capital deployment in the cryptocurrency market.
Cash App’s new P2P payment feature enables creating a pool, setting a target amount, and inviting contributors who can make group payments in seconds using Apple Pay or Google Pay through a shareable link
Cash App announced the launch of pools, a new peer-to-peer payment feature that enables group payments with just a few taps. Organizers can start a pool through the Cash App payment tab. From there, organizers can create and name a pool, set a target amount, and invite contributors. Members can be invited in-app via their $cashtag, or the organizer can text or share a link to request a contribution using Apple Pay or Google Pay. The organizer can close the pool at any time and then transfer the money to their Cash balance. With pools, members can contribute within seconds so the group can focus on the experience and not on stressful payment logistics: Proactive payment collection: Our market research shows that 60% of U.S. adults participate in some form of group money pooling, or one person has typically needed to volunteer to make the payment up front. Pools were designed for groups to easily plan, collect, and track contributions before the event occurs so that nobody has to front the entire cost. Integrations with Apple Pay and Google Pay: If members of the group use different payment solutions, the organizer has historically needed to download multiple apps to collect the money from each person resulting in confusion, time wasted, and risk for all participants. Now, the organizer can create a shareable link for group members to contribute to a pool in seconds using Apple Pay or Google Pay. Easy progress tracking: The organizer can name, set a goal amount, and invite members to join the pool and track the group’s contributions, removing unnecessary logistics and guesswork. End-to-end payment flows: Each pool seamlessly connects to the Cash App’s suite of banking and peer-to-peer payment tools, so the organizer can instantly use that money toward the group’s goal.
PayPal’s BNPL volume growth of >20% exceeded 18% growth in core business; debit card TPV across PayPal and Venmo grew more than 60% while monthly active accounts grew more than 65%
Pivoting from macroeconomic concerns to capturing wallet share, PayPal is making an aggressive play to dominate checkout lanes. PayPal’s own footprint edged higher as active accounts rose 4% from the March quarter to 438 million. PayPal’s installment payment portfolio again grew more than the core business. “In the second quarter, BNPL volume grew more than 20% and monthly active accounts climbed 18%,” CEO Alex Chriss said. He added that average order values using BNPL run “more than 80% higher” than a standard branded checkout transaction, a statistic the company is using to recruit merchants who already accept PayPal but have yet to surface its installment options early in the shopping journey. For merchants, the pitch is that PayPal’s know your customer (KYC) infrastructure and access to “the largest ecosystem of payment-ready wallets” will simplify compliance when bots, not humans, initiate transactions. Debit card TPV across PayPal and Venmo grew more than 60% while monthly active accounts grew more than 65%, Chriss said. Two million users tapped a PayPal or Venmo debit card for the first time in the quarter, reinforcing Chriss’s thesis that cardholders transact more often and choose PayPal at checkout six times as frequently as non-card users. PayPal added yield rewards for holding PYUSD, expanded issuance to the Stellar and Arbitrum blockchains and said PYUSD would power PayPal World transactions that settle in local currency on the back end. The company also announced “Pay with Crypto,” earlier this week, which will convert more than 1,100 cryptocurrencies into PYUSD or fiat at checkout. Chriss said it positions PayPal as processor, not custodian. PayPal reported second-quarter net revenue of $8.29 billion, up 6% from the March quarter’s $7.79 billion and 5% year over year. Total payment volume rose by the same sequential 6% to $443.5 billion. Active accounts inched up to 438 million, reversing last year’s attrition but still growing more slowly than volume. Transaction margin dollars, a company metric that strips out operating costs, increased 7% year over year to $3.84 billion, or 8% when interest on customer balances is excluded. Non-GAAP earnings per share climbed 18%. Management again raised full-year guidance for both transaction‑margin dollars and earnings per share, even while acknowledging an “uneven” consumer backdrop in some corridors. The absence of dire macro commentary was itself a signal: PayPal believes its checkout strategy, not the economic cycle, will determine whether it can accelerate growth.
Mastercard’s automated solution for virtual cards adds advanced straight-through processing that fully automates virtual card payments and reconciliation through a single connection, multi-language and secure card-on-file support
Mastercard is launching widescale global availability of Mastercard Receivables Manager, its automated solution that makes virtual cards more efficient, secure and cost-effective for businesses to accept. Mastercard Receivables Manager has been levelled up with new capabilities such as multi-language and secure card-on-file to support digital commerce around the world. Now available globally, acquiring partners are embracing the innovation to modernize supplier virtual card acceptance experiences across major card networks and help customers strengthen buyer-supplier relationships. To give payment service providers greater flexibility in how they offer B2B payment innovations, Mastercard is also introducing Commercial Direct Payments, an advanced straight-through processing solution that fully automates virtual card payments and reconciliation. When the buyer initiates a card payment, Commercial Direct Payments enables it to be processed directly with the supplier’s acquirer – eliminating all manual steps for making and receiving payments. The funds are automatically deposited into the supplier’s account and the detailed remittance data can be seamlessly integrated into the AR workflow. Key benefits include: Driving supplier efficiency with automated reconciliation: Suppliers can easily reconcile payments using the rich remittance data that can flow directly into their ERP systems, freeing up resources to focus on more strategic tasks. Unlocking automated B2B payment processing at scale: Issuers and acquirers can quickly unlock the benefits of straight through processing without the need for multiple costly and time-intensive connections with one another. Commercial Direct Payments streamlines this process by providing a single connection to Mastercard and enabling the flow of secure, standardized payment and remittance data between issuers and acquirers. Strengthening buyer-supplier relationships: Buyers have the flexibility to pay with physical or virtual cards to improve cash flow, while suppliers can get paid securely, efficiently, and on time. Elavon and Run Payments are among the many innovative payment providers in the United States offering Mastercard Receivables Manager to address manual processing and reconciliation challenges – which some 42% of suppliers across the nation note as top barriers to acceptance.
AmEx’s integration with Navan to enable business users to instantly create unique virtual cards for travel bookings with built-in spending policies while offering automated reconciliation and real-time expense management
Navan announced a new integration with American Express that enables American Express U.S. Business and Corporate Card Members to instantly create unique virtual Cards for travel booked on the Navan Travel platform via Navan Connect. Navan Connect’s “Bring Your Own Card” functionality enables businesses to enjoy the benefits of the travel and expense solution employees love while keeping the benefits of the company’s existing bank and corporate card partner. To support and foster this integration, Navan is participating in the American Express Sync Commercial Partner Program. Combined with the end-to-end Navan T&E solution, the Navan-American Express Sync integration offers: Improved reconciliation. Speed up month-end close with automated reconciliation, all while earning the rewards of your American Express Card. Proactive spending policies. Create unique virtual Cards with built-in spending policies that make managing travel spend simple for finance teams. Real-time expense management. Companies have full visibility into every virtual Card expense the instant it happens with pending and cleared transactions that automatically appear in the Navan Expense dashboard to enable finance leaders to uncover savings opportunities — while keeping budgets and forecasts up-to-date. With Navan there are even more reasons to love your Card. American Express Card Members can earn the rewards of their eligible American Express Card when they use on-demand virtual Cards for travel payments.
Trulioo suggests “digital agent passport” to keep bots honest at checkout- a tamper-proof credential showing who built the agent, who it represents, and what permissions it has
Trulioo and PayOS recently published a white paper that advances the concept of Know Your Agent (KYA). At its core is the “Digital Agent Passport,” a tamper-proof credential showing who built the agent, who it represents, and what permissions it has. The passport includes five checkpoints: provenance, user binding, permission scope, real-time behavior telemetry, and continuous risk scoring—creating a verifiable chain of trust at machine speed. The white paper proposes independent Digital Passport Authorities to issue, sign, and revoke passports, much like SSL certificate authorities. A federated directory would ensure interoperability across borders and marketplaces, with real-time revocation lists. KYA would combine Trulioo’s identity graph and fraud detection with agent behavior monitoring. If an agent exceeds its permissions or behaves suspiciously, its passport could be flagged or revoked instantly. For merchants, KYA offers tighter audit trails and fewer manual exceptions. For FinTechs and retailers, it enables higher straight-through processing while guarding against fraud. Trulioo urges support for a federated directory of “white list agents,” ensuring payloads are signed and trusted. Each passport includes cryptographic proof of the developer’s identity and a hash of the latest code commit, giving merchants real-time visibility into agent behavior.
LendingClub’s account feature that offers customers 2% cash back for on-time loan payments made from checking account and 1% cash back when using the associated debit card for qualifying purchases drives 6X jump in daily account openings
LendingClub said that two recent additions to its mobile-first platform are driving more account openings and more visits to the company’s app. CEO Scott Sanborn said the company’s latest innovation, LevelUp Checking, has increased the number of checking accounts opened each day by six times since its launch in June. LevelUp Checking offers customers 2% cash back for on-time loan payments made from this checking account and 1% cash back when using the associated debit card for qualifying purchases. “We’re rewarding borrowers for their financial discipline while allowing us to benefit from a stickier relationship,” Sanborn said. “While it’s still early, the initial results are encouraging.” The target customer for LevelUp Checking and its rewards program has a high FICO score and a high individual income.
Visa brings Google Pay integration to fleet cards, enabling tokenization and push-to-wallet across the digital wallet ecosystem
Visa announced a major advancement for Fleet Operators. With the addition of Google Pay tokenization and push-to-wallet, Visa addresses the long-standing challenge of fleet data tags being tied solely to the plastic card chip. Now, fleet data tags can be configured by the issuer, fintech or processor, allowing custom data tags to be dynamically provisioned during the tokenization process. Once loaded into Google Pay with these fleet data tags, Visa’s contactless specification helps ensure that token payment data and fleet data tags are transmitted to the point of sale (POS) and actioned upon seamlessly. Visa’s tokenization capabilities, now available for Google Pay, quickly enables spend through digital credential push-to-wallet, card-on-file merchants and Click to Pay. This streamlined digital experience reduces time to market dramatically, from 7-14 days with a physical card to just a matter of hours for digital wallet provisioning. With Apple Pay and Google Pay enabled for Visa Fleet Tokenization, approximately 92% of smartphones globally are compatible, based on global market share and NFC capability. As one of the initial pilot partners selected by Visa to bring tokenization and mobile wallet support to fleet cards, Highnote, a modern card issuing and embedded finance platform, continues to collaborate closely with Visa to modernize fleet payments through embedded, digital-first experiences.