Latest news with #ApplePay
Al Bawaba
an hour ago
- Automotive
- Al Bawaba
Visa Brings Google Pay Integration to Fleet Cards, Enabling Tokenization and Push-to-Wallet Across the Digital Wallet Ecosystem
Visa (NYSE: V), a global leader in digital payments, today 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 fleet represents a $1.4T spend opportunityi on vehicle-related expenses by corporations, small businesses and the public sector. Historically, the end-user experience has been manual and inconsistent, as existing fleet tokens did not function optimally for drivers at Fuel POS terminals due to missing fleet instructions for prompting and purchase restrictions. Visa's tokenization capabilities, now available for Google Pay, solve this pain point by quickly enabling 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 capabilityii.'This innovation solves a clear pain point within fleet today and unlocks a host of client benefits, including instant issuance, a more seamless user experience for drivers and robust controls for Fleet Managers,' said Parker Patton, Head of Global Fleet & Mobility Solutions at Visa. 'We are thrilled to expand digital wallet support to include Google Pay as part of our commitment to creating better products and user experiences that drive seamless, secure transactions around the globe.'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. 'At Highnote, we've reimagined the fleet card from the ground up, designing for embedded, digital-first experiences that reflect how drivers and fleet managers actually operate today,' said John Macllwaine, CEO at Highnote. 'Visa's expansion of wallet support aligns perfectly with that vision, enabling us to bring the speed, control, and intelligence of modern payments directly into the hands of the people who move the world forward.'
Globe and Mail
4 hours ago
- Automotive
- Globe and Mail
Visa Brings Google Pay Integration to Fleet Cards, Enabling Tokenization and Push-to-Wallet Across the Digital Wallet Ecosystem
Visa (NYSE: V), a global leader in digital payments, today 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. Globally, fleet represents a $1.4T spend opportunity i on vehicle-related expenses by corporations, small businesses and the public sector. Historically, the end-user experience has been manual and inconsistent, as existing fleet tokens did not function optimally for drivers at Fuel POS terminals due to missing fleet instructions for prompting and purchase restrictions. Visa's tokenization capabilities, now available for Google Pay, solve this pain point by quickly enabling 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 ii. 'This innovation solves a clear pain point within fleet today and unlocks a host of client benefits, including instant issuance, a more seamless user experience for drivers and robust controls for Fleet Managers,' said Parker Patton, Head of Global Fleet & Mobility Solutions at Visa. 'We are thrilled to expand digital wallet support to include Google Pay as part of our commitment to creating better products and user experiences that drive seamless, secure transactions around the globe.' 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. 'At Highnote, we've reimagined the fleet card from the ground up, designing for embedded, digital-first experiences that reflect how drivers and fleet managers actually operate today,' said John Macllwaine, CEO at Highnote. 'Visa's expansion of wallet support aligns perfectly with that vision, enabling us to bring the speed, control, and intelligence of modern payments directly into the hands of the people who move the world forward.' About Visa Inc. Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
Finextra
20 hours ago
- Business
- Finextra
Cash App launches pools for group payments
Cash App today announced the launch of pools, a new peer-to-peer payment feature that enables group payments with just a few taps. From friends planning their next big vacation to coworkers chipping in for a colleague's wedding gift, 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Cash App pools make it easy to manage payments and track shared goals in one place. Pools supports contributions directly through Cash App as well as via Apple Pay and Google Pay. Pools are currently available to a select group of Cash App customers, with broader availability planned in the coming months to reach all Cash App customers and their communities. Organizing experiences and coordinating reimbursements as a group can be overwhelming, especially for the person tasked with planning the event. 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, with Cash App playing a role in about half of those cases*. Today, 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. 'Cash App has always made sending money between friends and family feel effortless, and we know that many of our customers already use the platform as a way to collect payments from groups,' said Cameron Worboys, Head of Product Design at Cash App. 'With pools, our customers now have a dedicated, easy-to-use solution for group payments: they can start a pool to collect the money in seconds, and then instantly transfer the funds to their Cash App balance when it's time to pay.' Starting a pool in Cash App 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. Money made simple and social The launch of pools marks the start of an exciting new chapter for Cash App focused on making money management between groups even more social, accessible, and intuitive, in turn deepening engagement and growing Cash App's network of more than 57 million monthly actives. In the coming months, Cash App will introduce more features and services that make it easy for groups to share, save, and spend money through the platform. 'For younger customers in particular, managing money is often an inherently social experience that requires extensive discussion, planning, and collaboration between groups. Combining the scale of Cash App's network with our robust suite of banking and commerce tools, we're excited to introduce new solutions tailored to the next generation and their financial lives,' added Worboys.
Android Authority
21 hours ago
- Business
- Android Authority
CashApp's cross-platform Pool tool means none of your friends have an excuse for not pitching in
Edgar Cervantes / Android Authority TL;DR Cash App is rolling out a new feature called 'Pools.' Pools is a group payment feature that allows people to chip in money toward a large payment, whether they use the app, Google Pay, or Apple Pay. Members can be invited to a Pool in-app via their $cashtag or through a shareable link for external payments. Rounding up people for a group purchase can be a hassle, especially if some of those people use different payment apps. However, Cash App is introducing a new feature that could make the process a little more seamless for everybody. Today, Block, the owner of Cash App, announced the launch of a feature called 'Pools.' True to its name, Pools is a group payment feature that allows you to invite people to chip in towards a group purchase, like a group vacation. A pool can be created by going to Cash App payment tab. What stands out about this feature is that you'll be able to invite Google Pay and Apple Pay users to contribute, in addition to other Cash App users. Members can be invited to a Pool in-app via their $cashtag. For those who use Google Pay or Apple Pay, you'll be able to send them a shareable link they can use to contribute to the pool. In addition to sending out invites, the organizer can name the pool and set a target amount. They'll also have the ability to close the pool, transfer the money to their balance, and make the purchase. At the moment, Pools is only available to a select group of Cash App users. However, Block says it has plans to expand availability to all users in the coming months. Once availability opens up, it should prove to be a useful tool for those who have friends who use other payment apps. Follow
Fast Company
a day ago
- Business
- Fast Company
Cash App wants you to throw your money in the pool (literally)
BY Listen to this Article More info 0:00 / 2:13 Cash App wants you to take a dip into its newest feature: Pools. The company announced the launch of a new 'pools' feature Tuesday, which allows users to—you guessed it—pool their money and make group payments. For instance, it can be used to pay for a dinner with friends, a vacation, or even to collect money for a birthday or wedding gift. Owen Jennings, Business Lead at Block, Cash App's parent company, says that implementing pools was something of a no-brainer, since they were able to simply look at how their users were utilizing the app, and create a new feature to facilitate the behavior the Cash App team was seeing. 'It's really, really common behavior, we see more than half of our customers engaging in pooling behavior,' he says of Cash App users sending money to each other to pay for a single, larger expense. 'To some extent, we've just built something that's custom for this specific use-case.' Jennings adds that what he's particularly excited about, in terms of pools, is that 'for the first time, we're allowing out-of-network contributions,' which means some users don't even need to have Cash App in order to participate. In those cases, their friends can send them a link to a Cash App pool, and the out-of-network participants can use Apple Pay or Google Pay to contribute. While pools is an active feature for a subset of Cash App users currently, there is a wider rollout planned for the coming months. Jennings also mentions that launching new features and products, such as pools, is the primary way that Cash App, and Block at large, have grown its customer base and deepened engagement with current customers. 'Folks typically come in because of our peer-to-peer features,' he says, 'and increasingly attach to additional features.' In that sense, the company is seeing a payoff. Block—which was founded by CEO Jack Dorsey (perhaps most well-known for founding Twitter) in 2009 and is also the parent company of Square, Afterpay, TIDAL, Proto, and Bitkey—has grown enough to become the latest entrant into the S&P 500. Investors evidently liked that news, too, because the company's stock has popped recently—shares are up nearly 24% over the past month, as of writing. The early-rate deadline for Fast Company's Most Innovative Companies Awards is Friday, September 5, at 11:59 p.m. PT. Apply today. ABOUT THE AUTHOR Sam Becker is a freelance writer and journalist based near New York City. He is a native of the Pacific Northwest, and a graduate of Washington State University, and his work has appeared in and on Fortune, CNBC, TIME, and more. More
