Tagged: payments processing

Payments Fintech Silverflow Partners with SoftPOS Provider Halo Dot

Silverflow, a firm providing payment processing technology, has partnered with Halo Dot, a pioneering provider of SoftPOS solutions, to supply businesses with a seamless and powerful payment solution, combining Halo Dot’s SoftPOS application and Silverflow’s cutting-edge processing engine. Silverflow is building upon the decades-old payments infrastructure… Read More

Finix Introduces Recurring Billing Solution to Boost Business Efficiency

Finix, the full-stack payment processor enabling businesses to accept and send payments,  launched Recurring Billing, a new solution available on the Finix dashboard that enables customers to easily set up and manage recurring payments using no-code tools. Recurring billing can be difficult for businesses “to… Read More

Argentina’s Payments Processing Fintech Tapi Announces $22 Million Capital Injection from Strategic Investors

Argentina-headquartered payments processing Fintech Tapi has reportedly acquired $22 million in capital from key investors. The Fintech firm will use proceeds from the Series A investment round in order to help with its business expansion efforts into Mexico. This, acocring to statements from company Co-founder… Read More

Stripe Reports Over $1 Trillion in Payments Volume

Stripe’s mission is to grow the GDP of the internet. The core idea behind the company—one they endeavor to take very seriously—is that we’re still early in the journey of software-driven innovation, and Stripe is “an applied exercise in thinking through some of the corollaries… Read More

Businesses Reportedly Processed Over $18.6B via Stripe During Black Friday and Cyber Monday

From Black Friday through Cyber Monday (BFCM), Stripe processed more than 300 million transactions with “a total payment volume of more than $18.6 billion.” It was reportedly the “largest ever” four-day period on Stripe. A Stripe public microsite “tracked these and a dozen other BFCM… Read More

Salve Financial Hub Selects Finastra to Address Payment Delays for Corporates

Finastra, a global provider of financial software applications and marketplaces, announced that Salve Financial Hub SpA (Salve FH), a European payments processing startup based in San Marino, has selected Finastra Essence in order :to reduce payment delays resulting from over compliance.” Finastra‘s SaaS solution, integrated… Read More

Fintech Stripe, Uber to Enhance Payments Processing, Reduce Costs

Stripe, a financial infrastructure platform for businesses, announced an expanded global partnership with Uber Technologies, Inc. Uber will significantly “expand its use of Stripe’s payments platform, including in the US, to reduce costs and give customers more flexible ways to pay for Uber Rides and… Read More

Global Fintech Adyen Enters Payments Partnership with Instacart

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, announced that Instacart, the grocery technology company in North America, “has selected the company as an additional payments processing partner.” As part of the new partnership, Instacart will “leverage Adyen functionality, including… Read More

Elavon Merchant Services Appoints Hemlata Narasimhan as President for Europe

Elavon Merchant Services, one of Europe’s largest payments processors, has appointed Hemlata Narasimhan as its president in Europe. Narasimhan joins at “a time of explosive growth for e-commerce and digital payments, and as hospitality and travel sectors gain strength after the pandemic.” She brings to… Read More

Thought Machine Introduces Vault Payments: A Cloud-Native Cards, Payment Processing Platform

Thought Machine, the Cloud-native banking tech firm, has launched Vault Payments: a new, cloud-native cards and payments processing platform. Launching with card processing on the Mastercard network, Vault Payments has been built from scratch “as a cloud-native payments processing platform – ensuring the platform is… Read More

Payments Fintech Stripe to Support Crypto Firms Including NFT Marketplaces, Partners with FTX

Payments company Stripe supports cryptocurrency businesses, including digital asset trading platforms, online wallets, and (non-fungible token) NFT marketplaces. The new service will be provided in partnership with FTX and FTX US (the US-facing crypto exchange). The update was shared by Stripe co-founder John Collison via… Read More

Billtrust Announces Acquisition of iController, a Belgium-headquartered B2B Collections Software Provider

Billtrust (NASDAQ: BTRS), a B2B accounts receivable (AR) automation and integrated payments provider, has acquired iController, a B2B provider of intelligent solutions for collections management, “for $58 million, financed with cash on hand.” Established in 2007, Belgium-headquartered iController’s software-as-a-service (SaaS) product offering supports ” a… Read More

Global Processing Services Establishes MENA Region Office, Hires Payments Professional, Arnav Rath

Global Processing Services (GPS), the Paytech Pioneer behind major Fintech challengers, reveals that it has established its MENA region office and hired payments professional, Arnav Rath, as Head of Region. Based in Dubai, the team will focus on leveraging its international reach and payments expertise… Read More

Fintech Stripe Extends Partnership with China’s UnionPay International, a Leading Global Payments Network

Stripe, a tech firm that develops vital economic infrastructure for the Internet, has extended ts partnership with China’s UnionPay International, which is one of the biggest payment networks in the world. The updated integration should enable businesses in over 30 different markets, including Australia, Singapore,… Read More

Payments Processing Fintech Marqeta Files Paperwork to Go Public

During the past 10 years, there’s been a significant increase in technology-focused firms that have attempted to disrupt traditional sectors. New initiatives such as payments firm Square (NYSE: SQ) grocery delivery service Instacart, and Uber Technologies (NYSE: UBER) are just some of the companies that… Read More

Payments Processing Fintech Giant Stripe Secures $600M in Capital, Company Valued at $95B

Fintech firm Stripe, an Irish-American payment processing service, has secured $600 million (appr. €500 million) through a funding round. Stripe is now valued at around $95 billion (appr. €80 billion). Investors that took part in Stripe’s investment round include Allianz X, Axa, Baillie Gifford, Fidelity… Read More

Payments Giant Stripe and Thrive Capital Lead $35M Investment Round in Check, a Company Digitizing Business Payroll

Check, a company developing software applications for digitizing the business payroll process has reportedly emerged from several years in stealth mode. The Fintech firm recently confirmed that it has secured $35 million in capital via an investment round. Check’s round was led by strategic investments… Read More

Burak Yildirim from Global Fintech Adyen Explains how they Open-Source their Technology Stack and Build Secure Financial Solutions

Payments platform Adyen (AMS: ADYEN) explains that their approach to engineering and development involves open-sourcing their technology stack or building various solutions in-house. Burak Yildirim, Team Lead, Adyen, writes in a blog post that being the most “money-involved domain” of Fintech, payment processing platforms such… Read More

Hong Kong’s Statrys, a Digital Payment Services Provider, Secures $5 Million to Expand Operations into Southeast Asia

Hong Kong-based Statrys, a digital payment services provider, has reportedly secured $5 million through an investment round from an angel investor. Established in 2018, Statrys offers digital payment solutions for SMEs and startups. The Fintech firm noted that its platform makes it a lot easier… Read More

Payments Platform Stripe to Move Business Operations to Dublin due to Brexit

Payments platform Stripe is reportedly moving its operations to Dublin due to Brexit. Most European customers will be processed locally (beginning on November 19, 2020). Stripe’s management confirmed that they’re moving payment processing for most of their European clients to the firm’s Irish-regulated business entity… Read More

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