Worldline [Euronext: WLN], a global enabler of payment services, is further expanding and enriching its partnership with Commerzbank. This extension enables Commerzbank to “offer its customers in Austria, France, Italy, the Netherlands, Spain and the United Kingdom the sending and receiving of real-time transfers in… Read More
Brad Kelly, Managing Director at Payment Services, has shared his forecast for the coming year. According to Brad Kelly, 2024 is going to be “a tough year for payment fintechs in Australia with startup corporate and business card issuers likely to fail with little value… Read More
Thunes and Kapronasia, a strategic advisory and financial services consultancy, have issued a report, “From Cash to QR codes: Unpacking Southeast Asia’s Diverse Consumer Payments Culture,” examining the region’s world-leading payment landscape. The report explores why payment digitization has been on the rise in Southeast… Read More
U.S. Bank, an organization supporting payment services, announces the launch of Avvance, an embedded, multi-channel point of sale lending solution. Avvance empowers businesses “with the ability to offer consumer financing during checkout with a quick application and instant decisioning.” Payment methods are constantly evolving and… Read More
Dwolla, a provider of payment services, today announced the launch of Dwolla Connect, an innovative API solution designed for mid- to enterprise-sized businesses. This new solution simplifies “the process of replacing legacy, batch-based technology with modern infrastructure, enhancing the management and reconciliation of payments across… Read More
FOO, a B2B fintech solutions provider headquartered in the UAE, has partnered with the Bahrain-based payment services provider and card processor, Infinios Financial Services B.S.C (C). By combining their technology and expertise, the two companies “will deliver an out-of-the-box Digital First Card Issuance Platform.” The… Read More
The Saudi Central Bank (SAMA) announces the issuance of the Implementing Regulations for the Law of Payments and Payment Services “to support the objective of enhancing soundness and efficiency of the payment systems infrastructure in Saudi Arabia.” The relevant regulatory and supervisory frameworks enable SAMA… Read More
Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, today announced a partnership with FinClusive, a global Compliance-as-a-Service (CaaS) infrastructure provider for financial services, “to provide account and payment services to advance secure and compliant access to the financially underserved.” Gilles Gade,… Read More
Worldline [Euronext: WLN], which claims to be a global leader in payment services, enables merchants, banks and service providers to easily enter the Metaverse. In the future, the Metaverse will be “another retail commerce channel alongside POS and e-commerce.” McKinsey estimates “the global market volume… Read More
Splitit (ASX:SPT), which claims to be the “only” white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, and Worldline (Euronext: WLN), a global firm focused on payment services, announce “the signing of a partnership agreement with… Read More
Worldline [Euronext: WLN], a global player focused on payment services, announced the signing of a binding agreement for the acquisition of Banco Desio’s merchant acquiring activities and the planned set-up of a commercial partnership “aiming to leverage Banco Desio’s banking network in order to distribute… Read More
The Federal Reserve Board on Monday (August 15, 2022) announced final guidelines that establish “a transparent, risk-based, and consistent set of factors for Reserve Banks to use in reviewing requests to access Federal Reserve accounts and payment services.” The final guidelines are substantially “similar to… Read More
Worldline [Euronext: WLN], an international leader in payment services, and Algoan, a credit scoring provider, have announced a collaboration agreement “to jointly develop a next-level credit assessment solution to help lenders and services providers make better credit decisions.” This service is based on APIs &… Read More
NestEgg, a U.S.-based residential rental property management startup, announced on Wednesday not only did it raise $7 million through its Series A investment round, but it also is planning to launch an interest-free payment service. Founded in 2017, NestEgg describes itself as an all-in-one platform… Read More
Skrill, the online payments company behind Skrill Money Transfer, announced on Friday it is once again dropping all fees and foreign exchange charges for anyone using Skrill Money Transfer to send funds in or out of Italy as the country begins a new wave of… Read More
TD Bank announced on Monday it has launched TD Online Accounting to provide integrated payment and accounting product for its small business customers. TD Bank reported that TD Online Accounting uses the technology of Autobooks, an integrated accounting and receivables platform that allows business owners to… Read More
Russian banking group Sberbank announced on Thursday the launch of SberPay, which is a new system for payment services. According to Sberbank, SberPay allows users to pay for purchases both online and offline. “SberPay is absolutely free for retail customers. Fees for using SberPay’s online… Read More
San Francisco-headquartered SpotOn Transact, Inc, a payment processing service for small companies, has secured $50 million in funding through a Series B investment round. 01 Advisors, an investment and advisory company established by former Twitter CEO Dick Costolo, took part in SpotOn’s latest investment round…. Read More
Payments platform giant PayPal announced earlier this week it has received approval from The People’s Bank of China to acquire 70% equity interest in Guofubao Information Technology Co. (GoPay), Ltd., a holder of a payment business license in China. This will allow PayPal to provide… Read More
Novacap, a Canada-based private equity firm, announced on Wednesday its portfolio company and payments tech platform Nuvei has acquired payment services SafeCharge International Group Limited for $889 million. According to Novacap, the acquisition creates a global leading payment solutions provider with significant scale, able to… Read More
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