Stripe helps repair Toyota Streamline cars

In today’s connected economy, Toyota is working with payments company Stripe on a program that allows auto repair shops to trade used equipment and tools, electric vehicle subscription firm Autonomy looks to expand nationally with the help of the AutoNation teams and Walmart with contact lens maker Waldo. the latest healthcare venture.

Toyota Taps Stripe to Help Auto Repair Shops

Toyota is working with Stripe on Mechacomi, a program designed to simplify repairs for auto shops while also reducing their carbon footprint.

“The challenge for the auto industry, and the many local mechanics that support it, is that it’s much more complicated to service a car than it used to be,” the payments company said in a press release.

“The computerization of vehicles, along with the shift from internal combustion engines to hybrid or all-electric engines, has greatly expanded the range of repairs that mechanics need to be able to perform.”

Autonomy EV subscription firm expands with AutoNation

In an effort to expand across the country, electric vehicle (EV) subscription provider Autonomy has launched a partnership with auto retailer AutoNation.

“The partnership will support Autonomy’s electric vehicle product expansion from the Tesla Model 3 across several automaker brands, as well as its geographic expansion across the United States, leveraging AutoNation’s nationwide footprint,” the firms said in a statement. Press conference.

The partnership will also see AutoNation support Autonomy’s plans to buy up to 20,000 electric vehicles from car companies with the most popular EVs.

Walmart teams up with Waldo on affordable contact lens deals

Walmart is joining forces with eye care brand Waldo to offer affordable contact lenses enriched with essential vitamins “to help refresh and rejuvenate the eyes.”

“We are thrilled to partner with Walmart to expand access to affordable eye care options across the country,” said Waldo’s founder and CEO Ashleigh Hinde. “Partnering with Walmart allows us to grow our community and help spark a much broader conversation about the importance of eye health and the need for accessible eye care options.”

Walmart has more than 3,000 vision centers across the country. This partnership follows last week’s news that Amazon had acquired primary care firm One Medical.

Ripple Partners with FOMO Pay to Improve Treasury Management

Singapore-based payment solutions company FOMO Pay is working with Ripple to use Ripple’s cryptocurrency-powered technology for better cross-border treasury flows.

“On-Demand Liquidity (ODL) uses XRP, the digital asset built for payments as a bridge between two fiat currencies, enabling instant and low-cost settlements without the need to hold pre-funded capital in a destination market,” said Ripple in a news release.

ODL is primarily used for cross-border payments to help payment service providers and small and medium-sized businesses (SMBs) manage stranded capital that could be better used helping these companies expand.

Plaid Releases Payments Tool In Beta To Increase Payment

Plaid has announced the beta launch of a tool designed to improve variable recurring payments (VRP) for UK consumers and businesses

VRP debuted in 2021 and offers users the ability to authenticate once, meaning future automated payments can be made without additional verification.

For example, Plaid says payments super app Expensify used VRP to improve the way it manages money for expenses, corporate cards and invoices.



Circle: Findings in PYMNTS’ new study, “The Super App Shift: How Consumers Want to Save, Shop and Spend in the Connected Economy,” a collaboration with PayPal, analyzed responses from 9,904 consumers in Australia, Germany, the UK and the US and showed demand strong for a single multi-functional super app instead of using dozens of individual apps.

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