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Technology is truly the backbone of payments. It can help transactions run smoothly, provide solutions to challenges faced by businesses, and more. But where does payments technology sit today? What’s coming next? How are new ways of approaching payments changing the industry and making things even better for professionals and consumers alike?
VISA is now elevating the fleet card world by enforcing a set of standards that fuel merchants must adhere to, creating a framework to facilitate a more standardized process. In doing so, VISA is tearing down barriers to entry that once excluded smaller merchants to provide a larger footprint and enable fleets to fuel up at more locations with fewer limitations.
Qolo, the B2B payments hub for the New Economy, today launched its INTERACT embedded processing functionality and platform licensing solutions through its 100% native cloud capability, an industry first.
There’s a new year ahead of us, and an energized base of companies and fintech firms looking to improve the way they do business. Qolo continues its acceleration. Stick with us, we’re just getting started.
Alongside the fintech industry’s reputation as forward-thinking and fast-moving, lies a parallel universe of notoriously slow players and systems that are still nostalgic for an era gone by.
We spoke recently with Eric Bachman, former Chief Operating Officer of Marqeta and one of Qolo’s newest board members to discuss the biggest needs not being met in payments right now, and how Qolo is set to change the industry.
In mid-November, Qolo CEO Patricia Montesi spoke at the 2020 Finance Magnates Virtual Summit panel, “Where are Payments Heading?”
We recently connected with Patricia Montesi, Co-Founder and CEO at Qolo, a Fintech firm focused on B2B payments and facilitating cost-effective cross-border transaction processing. Montesi discussed what her company is doing to help businesses with settling payments in a more efficient manner. She also talked about the current Fintech sector and how it has evolved over the years. Our conversation is shared below.
As the modern-day labor force increasingly moves away from the confines of a traditional 9-5 office job and towards alternative avenues, the gig economy is experiencing incredible growth, effectively reshaping the global marketplace and giving us a glimpse into what the future of employment could look like.
As consumer behavior around payments evolves at an accelerated pace -- catapulted by the Coronavirus pandemic and other factors -- it is important for new entrants in the fintech world to respond to these changing demands. And it starts by picking the right payment network.So what are all of the different solutions available to fintech product companies and how should they navigate the process of picking a network?We’ve broken it down.
Qolo today announced that Eric Bachman, former Chief Operating Officer of Marqeta has joined Qolo’s Board of Directors. Bachman is an institutional payments veteran with over 30 years in banking, payments and building new companies.
Fintech startup Qolo launched an all-inclusive B2B payments platform, designed to facilitate growth and commerce enablement while helping next-generation business owners navigate the complex payments landscape. As part of its New Economy focus, Qolo helps modern fintech firms protect and accelerate gig worker payouts, distribution payments, multi-currency and cross-border payments while lowering costs, stated Patricia Montesi, founder and CEO at Qolo.
Qolo, the B2B payments hub for the New Economy, and leading foreign exchange and international payments provider moneycorp, today announced the delivery of an integrated foreign exchange payment solution. Global businesses, importers and exporters, online sellers and multi-currency card programs can now access a lower cost, automated payment solution with same-to-same currency settlement.
Imagine everyday being payday. For employees, no more waiting for the two-week pay cycle to complete; the freedom of deciding when you get paid. For employers, the ability to reduce workplace turnover while providing an essential service.Wouldn’t that be nice? The good news is, an on-demand payments solution is already here and ready for those businesses who want to access it, with significant benefits for employers and employees alike. So, what’s the hold up?
Consumers and Companies Can Now Realize Gift Card Fulfillment Instantaneously as well as Customize the Card and Carrier
While a business seeking payments and business management services could piece together what it needs from a few different providers, it's increasingly easier to find fintechs and startups demonstrating how all services can funnel through one platform.
B2B payments hub Qolo has introduced a new all-in-one payment solution, aiming to address issues with speed, security and costs for B2B payments, a press release says.
Despite making major strides in functionality, legacy payment rails like ACH still come with their challenges — especially when facilitating B2B payments.Innovators have turned their attention and energy toward mitigating those points of friction, either though solutions that sit on top of existing payment rails, or through building entirely new infrastructure from the ground up.
Launching a new firm in the face of this global crisis takes fortitude. Timing couldn’t be worse. Or could it? Demand for different types of digital payments is ramping. That’s the space Qolo plays in. A bit like Marqeta, a bit like Fiserv, the company was launched by a team with a lot of payments industry experience to be a next-generation B2B payments hub and an all-in-one payments solution.
In the past, we’ve been attached at the hip to our method of payment. Whether it was a satchel of gold coins, a wallet of cash, or a card in a sleeve, commerce and trade have always been conducted with the need for contact.
The news is bad, to put it mildly. Coronavirus is impacting nearly every facet of life around the world: cities on lockdown, shuttered schools, wild gyrations in financial markets. In the U.S., we’re only beginning to see the human toll as infection rates rise rapidly.
The act of exchanging money for goods and services has been around for thousands of years, but only in the past few decades has it morphed into a complicated web of currencies and payment platforms.