Tagged: payment processing

December 13, 2019 @ 3:48 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday its plan to open a tech hub in Berlin at the beginning of next year. Klarna reported that the new hub will enable it to further build out its product portfolio and services as well as better serve… Read More

December 11, 2019 @ 11:24 am By Samantha Hurst  |  

Nuvei, a global payment technology provider based in Canada, announced on Wednesday it secured $270 million in common equity financing, valuing the company at $2 billion. Nuvei reported that the investment comes primarily from its existing shareholders, which includes Canadian private equity firm Novacap, supported… Read More

November 13, 2019 @ 12:03 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it has formed a new partnership with Xfers, a Singapore-based payment processing gateway, to enable its users to buy and sell crypto in SGD by December 2019. According to Crypto.com, users will be able to instantly buy crypto… Read More

October 10, 2019 @ 8:26 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday Abercrombie & Fitch customers in the U.S. will now have access to its Pay in 4 service when shopping online. The company noted that the service enables customers across the Abercrombie & Fitch Brands, which are Abercrombie &… Read More

October 4, 2019 @ 9:38 am By Samantha Hurst  |  

Global blockchain payments provider BitPay announced earlier this week it is set to support XRP for payment processing and cross-border transfer through its new partnership with Ripple’s developer initiative, Xpring. According to BitPay, the support will allow businesses to accept XRP for payments through BitPay’s merchant processing… Read More

September 19, 2019 @ 9:49 pm By Samantha Hurst  |  

Payments platform Stripe announced on Thursday it secured $250 million through latest funding round at a new pre-money valuation of $35 billion. Investors involved in the funding round included General Catalyst, Sequoia, and Andreessen Horowitz. The latest round of funding comes just days after Stripe… Read More

September 18, 2019 @ 4:31 pm By Samantha Hurst  |  

Payment process platform Square announced earlier this week its new free tool available to small business owners all over the U.S., the EIN Assistant from Square Payroll.  According to Square, the EIN Assistant simplifies and streamlines the process of filling out the dense, legalese-filled forms required… Read More

August 26, 2019 @ 11:05 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has formed a partnership with European airliner SunExpress to process credit card payments in local travel agencies. Wirecard reported that within the terms of the agreement, SunExpress uses the International Air Transport… Read More

July 31, 2019 @ 11:32 am By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology firm, announced on Wednesday it has completed the acquisition of WorldPay, a global payment technology provider. FIS notably acquired WorldPay for $35 million. As previously reported, WorldPay claims to be a “global leader” in payments processing technology and… Read More

July 19, 2019 @ 8:21 am By Samantha Hurst  |  

Germany-based fintech Wirecard announced on Friday it has signed a Memorandum of Understanding (MoU) with ALDI Nord and ALDI SÜD Groups for cashless payment processing. “Within the scope of the partnership, Wirecard will process all credit card and international debit card payments at all ALDI… Read More

July 18, 2019 @ 9:15 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has formed a new partnership with British contemporary fashion brand Superdry. Through the partnership, Superdry customers are now able to Pay later or Pay in 3 in the UK, and later this month will be able to Pay in 4 in… Read More

July 17, 2019 @ 10:56 am By Samantha Hurst  |  

ACI Worldwide (NASDAQ: ACIW), a global provider of real-time, any-to-any electronic payment solutions for banks, intermediaries, merchants, and corporates, announced on Wednesday it has formed an international relationship with Worldpay, Inc., a global provider in payments processing technology and solutions. According to ACI, the new collaboration… Read More

June 12, 2019 @ 10:33 am By Samantha Hurst  |  

MoneyNetint a Ripple partner and borderless commerce company, announced on Wednesday it has formed a partnership with global payments company that is delivering acquiring solutions built by merchants for merchants, PXP Financial, to provide cross-border payment processing in the U.S. and EU. MoneyNetint currently offers… Read More

May 21, 2019 @ 8:34 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it will now be providing service for BluTV, a Turkey-based streaming subscription service with over four million subscribers, in its global expansion. According to Wirecard, BluTV is a Turkish digital streaming platform and… Read More

March 28, 2019 @ 7:52 am By Samantha Hurst  |  

Global payments provider Klarna announced on Thursday the launch of its new open banking platform. According to Klarna, the platform will enable access to more than 4,300 European banks through a single Access to Account (XS2A) API in line with Payment Services Directive (PSD2). Klarna… Read More

March 22, 2019 @ 8:27 pm By Samantha Hurst  |  

Borgun, a European payment processor and merchant acquirer, announced earlier this week it has signed an agreement with the fintech and insurtech company novae to support its digital transformation. Borgun reported that it and novae are aiming to co-create solutions in a digital capability framework… Read More

March 20, 2019 @ 1:33 pm By Samantha Hurst  |  

Galileo, a U.S.-based payments processors and program management firm, announced on Wednesday its significant growth and an expanded portfolio of payments and cash management solutions that increase business opportunities for its clients. Galileo reported its client base grew 34 percent and the company’s number of employees increased… Read More

March 19, 2019 @ 3:55 pm By Samantha Hurst  |  

Just a little over a month after securing $40 million through its Series B funding round, which was led by General Catalyst and Stripe, UK-based fintech Rapyd announced on Tuesday the launch of its hyper-local payments solution that allows merchants to accept local payment types… Read More

March 18, 2019 @ 8:13 am By Samantha Hurst  |  

Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Monday it has been acquired by FIS (NYSE: FIS), a financial services technology firm. FIS reportedly purchased the payment processor for $35 billion. Founded in 1993, WorldPay claims to be a “global leader” in payments… Read More

November 7, 2018 @ 9:52 am By Samantha Hurst  |  

U.S.-based fintech Payscape announced on Tuesday it has teamed up with CardFlight, a mobile POS and SaaS payment technology company, to offer CardFlight’s leading payment acceptance solution, SwipeSimple, to merchants across the U.S. Payscape reported that with SwipeSimple it will be able to offer merchants a broad range of… Read More