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Fintech focus: Visa teams up with Viewpost to offer B2B virtual cards

Several players in the financial technology arena introduced new products and entered into various agreements in recent days. Please send news tips and feedback to news@snl.com. For other recent financial technology news, click here.

Banking and lending

VASCO Data Security International Inc. launched the eSignLive Digital Mortgage Solution, an eMortgage solution that provides digital management of electronic signatures, document delivery, closing and vaulting.

Banca Comerciala Româna chose VASCO's DIGIPASS for Mobile authentication solution to secure the Romanian bank's mobile banking and internet banking applications.

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ProfitStars' Enterprise Conversion Solutions suite and JHA EPS SmartPay Biller Direct solution were added to the Independent Community Bankers of America Preferred Service Provider program. ProfitStars is a division of Jack Henry & Associates Inc.

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PyraMax Bank FSB picked Fiserv Inc. as a technology partner for the bank's retail banking operations.

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Q2 Holdings Inc. released its CentrixPIQS Automated Reporting Module that enables financial institutions to automate the production of Automated Clearing House activity reports.

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Synaps Loans LLC announced a blockchain solution for syndicated loan servicing. Synaps is a joint venture of Symbiont and Ipreo, a private equity held by Blackstone Group LP and Goldman Sachs Group Inc.'s merchant banking division.

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Iroquois Federal Savings and Loan Association selected the Premier core account processing platform and integrated solutions from Fiserv Inc.

Payments

DH Corp. made available a cloud-based instant payments testing environment for the European market.

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Under an agreement, Fidelity National Information Services Inc. will sell its advanced payment, loyalty and other solutions to 160 Minor League Baseball clubs across the U.S. and Canada.

Caterpillar Inc. selected Fidelity National Information Services to provide additional corporate liquidity solutions, including treasury, credit and collections, and electronic bank account management.

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Square Inc. now offers mobile payment services to small and medium-sized businesses in the U.K.

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EFS, a WEX Inc. company, implemented its fleet payment system with NFI, a supply chain solutions provider.

WEX will begin issuing virtual credit cards in Singapore.

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Vantiv Inc.'s integration with Oracle E-Business Suite will allow Oracle customers to securely accept credit and debit card payments.

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Under an exclusive partnership, Visa Inc. will bring electronic business payments to Viewpost's small to medium-sized business clients. Viewpost, a business-to-business network for electronic invoicing, payments and real-time cash management, will encourage its clients to convert to electronic payments through Visa virtual credit cards.

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Synchrony Financial will continue providing a private label credit card program for automotive aftermarket service retailer Midas.

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MoneyOnMobile Inc. signed a bill collection agreement with BSES Yamuna Power Ltd., allowing customers to pay electricity bills through MoneyOnMobile's retail outlets or mobile wallet app.

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Intuit Inc. announced new integrations with QuickBooks Online and G Suite that includes the ability for small business customers to invoice their clients directly from Gmail.

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Net 1 UEPS Technologies Inc. unit Cash Paymaster Services (Pty) Ltd extended its contract with the South African Social Security Agency to March 31, 2018.

Insurance and healthcare

The South Carolina State Accident Fund, a provider of workers' compensation insurance, selected Patriot Technology Solutions Inc.'s flagship platform, PN InsuranceExpert, for its claims, policy and forms systems. Patriot Technology is a unit of Patriot National Inc.

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Through a reseller agreement, Streamline Health Solutions Inc. will provide its Looking Glass Abstracting and Physician Query software solutions to Allscripts Healthcare Solutions Inc., helping Allscripts clients in their coding processes. Streamline Health provides insights that support revenue cycle optimization for healthcare enterprises.

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Chubb Ltd. kicked off Chubb Ignite, an online platform for brokers and their small and medium-sized and middle-market clients in the U.K. and Ireland.

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The Insurance Corp. of British Columbia implemented Guidewire Software Inc.'s Guidewire PolicyCenter as its new underwriting and policy management solution.

Investing and trading

Investment firm Quantopian will utilize SS&C Technologies Holdings Inc.'s SS&C Geneva, for portfolio management and reporting, and Recon, for reconciliation and exception management.

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Thomson Reuters Corp. teamed up with Japanese fintech firm Finatext to launch Social Indicator, which will provide investment information by analyzing content on social networking platforms.

Communications and Administration

Artilium integrated Mitek Systems Inc.'s identity solutions for its consumer registration process of prepaid mobile phone SIM cards to meet the European legal requirements. Artilium is a communication technologies solution provider in Europe.

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Through Twilio's cloud communications platform, Upland Software Inc. will provide customers of its Mobile Commons messaging application the ability for messaging campaigns through both SMS and Facebook Messenger.

Upland Software updated AccuRoute, its enterprise document capture, fax and workflow solution.

Analytics

IHS Markit Ltd. and venture capital firm Illuminate Financial introduced a Fintech Data Program to provide early stage companies with free or low cost proprietary capital markets data from IHS Markit.

Also, IHS Markit enhanced its Know Your Third Party Risk Management platform, which now gives consumers the ability to add proprietary information about their vendors and utilize risk scoring capabilities.

More fintech news

The week in fintech: Visa and Mastercard's dispute with retailers lives on