Small and medium-sized banking service provider Bluevine chose payments company Stripe for B2B payments. 

By working with Stripe, Bluevine customers can create invoices and payment links, accept multiple payment methods and get paid directly into their Bluevine accounts.

“We wanted to join forces with a trusted partner like Stripe to solidify our status as an all-in-one financial platform for SMBs,” Kyle Cooper, vice president and general manager of checking and payments at Bluevine, told Bank Automation News. 

The payment links can be sent by email, text, custom link or social media for free, with the generator of the link paying transaction fee associated with the payments, Cooper said. 

“The integration is API-driven, enabling seamless handoffs between platforms while maintaining a native experience within Bluevine,” he said. “Users can either connect their existing Stripe account or create a new one in minutes.”

Green Dot, Samsung team up for digital wallets 

Samsung is using digital bank Green Dot to bolster its digital wallet. 

The collaboration will add Green Dot’s embedded finance platform, Arc, to the Samsung Wallet, giving users in the United States access to peer-to-peer payments via Samsung’s Tap-to-Transfer tool, Renata Caine, general manager of BaaS at Green Dot, told BAN. 

The Arc platform provides businesses with FDIC-insured banking products and tools, plus regulatory and compliance expertise, oversight and support, Caine said. 

The payment feature is targeted toward specific users —like college students splitting expenses to families managing shared costs — by enabling instant P2P transfers with a tap.

“Given our platform is cloud-based, modular and scalable by design, it is flexible to adapt as our partners grow, meaning a partner like Samsung can easily evolve its Samsung Wallet offering over time to incorporate more of the other end-to-end banking services Arc provides,” Caine said. 

The wallet is protected by Samsung’s security platform, Samsung Knox, which includes fingerprint recognition and encryption to ensure data is protected, she said.  

Tech providers like Apple and Samsung are looking for ways to increase financial interaction with their customers by deploying digital wallets, Mark Van Horn, digital solutions lead in North America for security service provider Giesecke+Devrient, told BAN. 

The European Union is forcing many digital wallet providers to open their ecosystems and allow FIs to directly provide payment capabilities to their clients, Van Horn said, adding that such moves will give FIs more room to come up with solutions for clients. 

Bolt picks Silverflow for online payments 

Shared mobility platform Bolt has tapped Silverflow to optimize payments. 

Silverflow’s payments solution will be embedded into Bolt’s mobile app and website to provide a consistent and secure experience for clients along with providing internal payments processing capabilities, according to Bolt’s June 3 release. 

“Our goal is to manage key data elements internally to better understand and influence payment flows, rather than depending on third parties,” Juri Laur, director of product leading payments, billing and fraud at Bolt, said in the release. The platforms will be connected via APIs and support Visa and Mastercard payment networks, according to the release. 

Visa, Plaid team up for pay-by-bank in UK 

Payments giant Visa is working with data sharing company Plaid to roll out its pay-by-bank feature in the United Kingdom, according to Visa’s June 2 release.

The Visa account-to-account platform will allow consumers to make payments directly from their accounts for enhanced safety and low cost, the release stated. 

Other FIs including Bank of America and JPMorgan, are also rolling out pay-by-bank functions.