NMI expands business capital program for merchants
NMI has expanded its NMI Business Capital program, adding new term loans and starter offers for ISOs, software companies, and software-as-a-service providers to use with merchants.
Yearly growth in payments revenue globally will slow to 5% through 2030, down from 7% over the past five years, reaching a projected $2.6 trillion by 2030, according to the “Global Payments Report” from Boston Consulting Group.
Consumers are increasingly comfortable using AI for shopping, with 45% of Americans saying they would use an AI shopping agent. Research from Global Payments Inc. indicates U.S. consumers now expect AI agents to handle 15% of transactions, up from 9% a year ago. Data were derived from May 2026 and August-September 2025 surveys of 8,027 and 8,000 consumers, respectively, who were located in the U.S., U.K., France, Brazil, China, Singapore, and Australia.
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Moov Financial launched Moov Money, a peer-to-peer payment service built with Visa and Mastercard to let users send cash via existing accounts, debit cards, or mobile devices. PayJunction surveyed 500 U.S. car owners who visited a car dealership in the past 12 months and found that 71% said a credit card surcharge would not affect their relationship with an automobile dealership.
Citi Commerce Media launched an effort to help advertisers reach cardholders with relevant offers. The move comes after Citi’s Aug. 13 agreement to acquire Kard, a rewards platform, though that deal has not yet closed. Citi says it has 70 million U.S. cardholders and processes 6.5 billion card transactions annually. J.P. Morgan Payments is expanding cross-border capabilities in its Xpedite Remit service with Thunes.
Insurance tech Adapt introduced Late Pay Agent, a platform featuring autonomous agents that automate the collection of overdue payments from policyholders. One Inc announced that Shelter Insurance Cos. will use its ClaimsPay and PremiumPay services for payments. YELL, a startup serving consumers and small businesses, appointed Raphael Blunschi chief executive. Blunschi comes to the company with 30 years of experience in financial services, including 13 years at K2 Advisors.
