Tagged: payments

Billtrust to be Acquired by EQT Private Equity for Equity Value of $1.7B

BTRS Holdings Inc. (Billtrust) (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, announced that it has entered into a definitive agreement to be acquired by EQT X fund (EQT Private Equity), part of EQT, a global investment organization, “in an all-cash transaction… Read More

Sean Loosli from Zelle Shares Strategy to Bring Smaller Financial Institutions onto the Zelle Network

In the past five years, consumers and businesses, small and large, have sent more than five billion Zelle payments, “totaling nearly $1.5 trillion,” according to Early Warning Services, LLC, the network operator of Zelle. Zelle users have “leveraged the convenience and security of Zelle to… Read More

U.S. Faster Payments Council (FPC) Introduces Use-Case Repository in Knowledge Center

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States,  launched a new industry resource, the Use Case Repository in its Faster Payments Knowledge Center. Supported by The Clearing House, the FPC Education & Awareness… Read More

ACH Colombia Provides Enhanced Digital Payments Experience with Volante Technologies

Volante Technologies, which claims to be the global leader in cloud payments and financial messaging, announced that ACH Colombia, a financial technology company, “has gone live with a new banking portal featuring a superior digital payments experience aligned with the social media and ecommerce platforms… Read More

Cross-Border Payment Group Zepz Reaches Profitability in H1 ’22

Zepz, the group making remittance payments fair, fast and affordable by powering global cross-border remittance brands WorldRemit and Sendwave, recently announced the 2021 financial results that will be “published in its upcoming Companies House Listing Annual Report as well as an H1 ‘22 performance update,… Read More

Digital Remittances Market Enjoys Significant Boost Amid After-effects of Covid-19

When COVID-19 cases first appeared in late 2019, its contagion abilities were wildly unanticipated by world leaders, and it was ungracefully downplayed by mainstream media. This caused a subsequent uncontrollable outbreak that eventually dampened the quality of life for billions and dented economies across the… Read More

Irish Life Chooses Stripe to Enable Smart Invest App Payments

Stripe, a financial infrastructure platform for businesses, announced that the life insurance and pensions company Irish Life has chosen Stripe as “a strategic payments provider for its Smart Invest app.” The partnership will “make it easier for Smart Invest users to initiate both one-off and… Read More

Visa, Square Deliver Faster Transfers to Canadian Businesses

Visa (NYSE: V), one of the world’s leaders in digital payments, has announced its participation in the Canadian expansion of instant transfers, Square‘s solution for rapid merchant settlement. Square’s instant transfers are “enabled by Visa Direct, a VisaNet processing capability helping transform global money movement… Read More

Affirm, Amazon Introduce Pay-Over-Time Option to Customers in Canada

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced the expansion of its relationship with Amazon to Canada, bringing “increased payment flexibility and transparency to customers shopping on Amazon.ca.” This payment option will be “available during checkout to all… Read More

Vyne, BR-DGE Partner on “Account to Account Payments Platform”

BR-DGE , a merchants payments provider that aims to offer a simple and affordable “payment orchestration platform,” has announced a partnership with Vyne. Vyne uses Open Banking to enable account-to-account payments for online businesses. In a company statement, BR-DGE explained that the partnership with Vyne… Read More

EML’s Nuapay Signs Contract Bringing Open Banking to Government Sectors in the UK

Nuapay‘s innovative and “fully customizable” open banking and real-time account-to-account payment capabilities will “give Pay360‘s customers access to cutting-edge payment technologies across all of its gateway connections.” Pay360 claims it is “a market leader for public sector payments – used by more than 60% of… Read More

Payment Delays, Reconciliation Issues are Key Challenges Due to Supply Chain Disruptions: Accounts Payment (AP) Report

MineralTree, a Global Payments (NYSE: GPN) company and Accounts Payable (AP) and payment automation solution provider, recently released its seventh annual State of AP report. For the first time ever, MineralTree expanded its research “to include suppliers, reflecting the growing importance of vendor relationships to… Read More

Crypto Processing Platform Calypso Pay Now Supports Subscriptions, Recurring Payments

Calypso Pay, an all-in-one crypto processing & acquiring platform, implemented support for recurring payments and subscriptions in crypto. Now Calypso Pay customers can “integrate subscription payment widgets on their website.” Zuora’s Subscription Economy Index report reveals that “the subscription economy grew by more than 435%… Read More

Finastra, Visa Announce BaaS Offering Integrating Visa Direct

Finastra and Visa ( NYSE: V) announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct – which provides access “to more than two billion accounts through push to account offerings.” The new capability… Read More

Digital Payments Firm One Inc Teams Up with SECURA Insurance

One Inc, the digital payments network for the insurance industry, announced that Wisconsin-based SECURA Insurance, has selected One Inc’s full suite of digital payment solutions PremiumPay® and ClaimsPay®, “for both inbound and outbound payments for one of its insurance products.” The result is seamless handling… Read More

Higlobe Acquires $14M to Eliminate Global Fund Transfer Fees for the Workforce

Higlobe, Inc., the U.S. based solution for international payment transfers, raised $14 million in funding “to expand its technology and launch into new markets.” The investment round was “led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies.”… Read More

PCI Pal Introduces Open Banking Payments for Contact Centers

PCI Pal (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, has announced the launch of its Pay By Bank open banking solution for contact centers. It is the first in “a series of new agent-assisted, digital payment products that enable merchants… Read More

Hamburg Commercial Bank Transfers SEPA Processing to Broadridge’s BPO Payments Service

Hamburg Commercial Bank (HCOB) has completed the transformation of its SEPA (Single Euro Payments Area) payments business to a cloud-based, next-gen platform run by  global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR). The transition was “made to Broadridge‘s Payments as a Service and BPO operation… Read More

Mastercard Supports Fintech Investment Platform NORD.Investments with Open Banking Payments

Aiia, a Mastercard company, and NORD.Investments are announcing a collaboration that will “enable quick, easy and secure top-up open banking payments in Denmark’s largest independent digital investment advisor platform.” Until today, NORD.Investments customers “experienced some challenges when adding funds to the investment platform, as the… Read More

Saudi Central Bank Issues Payment Licenses to Arab Sea Financial Company, Fatoraah

The Saudi Central Bank (SAMA) announces the licensing of two payment financial technology companies, including: Arab Sea Financial Company and Fatoraah in order to provide Payment services for e-commerce. This brings the total number of payment companies licensed by SAMA “to 21 companies, in addition… Read More

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