Tagged: payments processing

May 3, 2025 @ 5:32 pm By Omar Faridi  |  

On April 28, 2025, Payments Canada implemented significant updates to the rules governing the Automated Clearing and Settlement System (ACSS), a critical infrastructure for processing electronic payments in Canada. These changes, aimed at enhancing clarity, aligning with current practices, and supporting ongoing modernization efforts, mark… Read More

February 10, 2025 @ 3:16 pm By Omar Faridi  |  

Stripe, a financial infrastructure Fintech for businesses, recently announced that it has finalized its acquisition of Bridge. Zach Abrams, cofounder of Bridge, said via social media: “We closed our acquisition with Stripe. Together we’re scaling digital dollars to businesses everywhere. Stablecoins aren’t the future—they’re already… Read More

August 31, 2024 @ 3:14 pm By Omar Faridi  |  

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

July 31, 2024 @ 10:40 pm By Omar Faridi  |  

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

July 15, 2024 @ 11:11 am By Omar Faridi  |  

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

March 14, 2024 @ 6:49 pm By Omar Faridi  |  

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

November 30, 2023 @ 3:57 pm By Omar Faridi  |  

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

July 23, 2023 @ 10:28 pm By Omar Faridi  |  

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

May 4, 2023 @ 2:43 pm By Omar Faridi  |  

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

November 14, 2022 @ 10:35 am By Omar Faridi  |  

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

August 18, 2022 @ 10:24 pm By Omar Faridi  |  

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

June 10, 2022 @ 3:56 pm By Omar Faridi  |  

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

March 11, 2022 @ 12:23 pm By Omar Faridi  |  

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

October 13, 2021 @ 8:18 am By Omar Faridi  |  

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

October 1, 2021 @ 10:33 am By Omar Faridi  |  

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

August 31, 2021 @ 11:18 am By Omar Faridi  |  

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

May 23, 2021 @ 9:07 am By Omar Faridi  |  

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

March 15, 2021 @ 8:26 am By Omar Faridi  |  

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

January 28, 2021 @ 8:18 am By Omar Faridi  |  

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

January 20, 2021 @ 11:51 pm By Omar Faridi  |  

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