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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

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FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE). Through the partnership between ToneTag and First Abu Dhabi Bank, customers of the bank are able to pay using their PayIt app and make the payments from their mobile phone.

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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

JOHNSON: And then I moved into, we had a bank at the time, and I moved into running part of the bank. RITHOLTZ: So Franklin obviously divests out of the banking business, the credit card business, the auto financing business. The requirements for asset managers to have a bank were such that it would inhibit us a bit.

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Transcript: John Hope Bryant

Barry Ritholtz

BRYANT: And so when this guy told me that we’re, at that time, 10,000 banks, hundreds of thousands of bankers, 100,000 banks. RITHOLTZ: Were there banks in your neighborhood or were you an unbanked … BRYANT: Well, I mean, it was so few you knew where they were, put it that way, right? RITHOLTZ: Okay. RITHOLTZ: Right.

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Commercial Cards Round Out B2B Financial Services

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Conferma Pay connects users to a network of travel management companies, online booking solutions and global distribution systems to book and pay for business travel, a service that CSI said will complete its accounts payable (AP) virtual payment capabilities. Shell Combines Cards, Telematics for Indian Fleets.

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