Tagged: payments

Autonomous Billing Fintech Anchor Secures $15M in Seed Funding, Led by Rapyd, Entrée Capital, Tal Ventures

Anchor, the autonomous billing platform, announces that it has finalized a $15 million seed-funding round. Led by Rapyd Ventures, the new venture capital unit of Rapyd, Entrée Capital, an established venture capital firm that has invested in unicorns such as Monday.com and Riskified and Tal… Read More

European Central Bank Reports that User Testing Began for New T2 System

Prospective users of the forthcoming large-value payment system T2 are able to begin testing the functionalities of the system as of December 1, 2021. The testing is scheduled to run over the coming year and will “allow participants to prepare for a smooth migration to… Read More

ACI Worldwide Introduces Network Intelligence Tech to Tackle Real-Time Payments Fraud

ACI Worldwide, an international provider of real-time payments and virtual payment software services, has introduced its Network Intelligence Technology as a key part of ACI Fraud Management. The tech allows banking institutions, processors, acquirers, and networks to complement fraud prevention strategies by enabling them to… Read More

Axletree Solutions, a Provider of Financial Integration Solutions, Partners with Roxe, the Open Global Payment Network

Axletree Solutions, an international provider of bank connectivity and financial integration solutions that power more than $50 billion in daily transaction volumes, announced that it has entered into a partnership with Roxe, the open global payment network. As mentioned in the announcement, Roxe’s solutions power… Read More

UK’s Clear Junction to Assist Paynet with Supporting Cross-Border Payments

London’s Clear Junction has announced that it’s offering solutions to Paynet which aim to support its vision for cross-border payments services from European markets into Moldova. Paynet is reportedly the first digital wallet platform operating in Moldova. It runs one of the most extensive payments… Read More

Global Fintech Jeeves and MasterCard are Providing Fully Locally-Issued Physical and Virtual Cards for Mexico’s Businesses

Mexico is one of the fastest-growing economies in the world, but its local businesses still struggle to access credit without super-high fees and tedious paperwork. Mastercard (NYSE: MA) and Jeeves, the financial partner for Mexican businesses, have teamed up to address this issue by introducing… Read More

Interac Chooses Microsoft Azure for Virtual Payments Solution Development in Canada

Interac Corp. has announced an agreement with Microsoft (NASDAQ: MSFT) in order to use Microsoft Azure‘s cloud capabilities to securely manage the “continued growth of digital transactions, enabling greater innovation and ultimately faster payments.” As a key player in Canada‘s payments ecosystem, Interac has seen… Read More

BNPL: Affirm Recommends Longer Payment Plans to Minimize Supply Chain Challenges

Affirm (NASDAQ: AFRM) notes that with supply chain blockages leading to new challenges every day, you might be facing difficult decisions regarding increasing prices while preserving margins. Although significantly higher prices might discourage customers just as the holiday shopping season arrives, you could soften the overall… Read More

Singapore based Fintech YouTrip Raises US$30 Million Series A

  YouTrip, a digital financial services platform and aspiring neobank, has raised US$ 30 million in Series A funding, according to a company statement. YouTrip is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) that launched in Singapore in 2018 and… Read More

Survey by UK Fintech Modulr Reveals that Most Consumers Trust Brands that Invest in Customer-Friendly Payments Processes

The ability to establish and maintain trust with clients is the foundation of “every successful business,” according to UK-based Fintech Modulr. And, while customer trust might be one of the more “intangible” corporate assets, it’s one that can be “felt keenly on the bottom line,”… Read More

Fintech Klarna Reports Significant Losses, while Demand for BNPL Products Continues to Surge

Sweden’s Fintech Unicorn Klarna has seen its losses increase significantly during the first 9 months of this year, as costs surged considerably amid growing demand for flexible payment options like Buy Now, Pay Later (BNPL) services. The Stockholm-headquartered company is reporting a pre-tax loss of… Read More

Payables Automation Fintech Tipalti Looking to Expand Professional Team in 2022

Tipalti, a global, scalable payables automation solution provider for high-velocity companies, is reportedly recruiting talent for its new location, looking mainly for Account Executives, Sales Development Reps, Solutions Consultants, Alliances and Sales Operations. Tipalti claims to be the only international payables automation solution for enhancing all… Read More

Worldline to Offer Core Components for Austria’s National Digital ID Solution “ich.app”

Worldline (Euronext: WLN) is supporting PSA Payment Services Austria GmbH on its journey towards becoming a smart transaction provider beyond just payments. Via its products WL ID Center and WL Trusted Authentication as well as experience in various infrastructure initiatives, Worldline is offering the tech… Read More

BNPL Fintech Credova Teams Up with Cornerstone Bank

Credova, a Buy Now, Pay Later (BNPL) solution emerging in the outdoor recreation, farm, home and ranch markets, has announced an agreement with Cornerstone Bank. Credova says that it exists because a group of people were “given an opportunity to create something that hadn’t been… Read More

Queen Bee Capital and Nium Team Up to Streamline Cross-Border Payments via Japan

Global payments and card issuance platform Nium and Japanese payments firm, Queen Bee Capital (QBC) have teamed up to improve international transfer offerings for corporate and individual QBC clients across Japan. Through this partnership, QBC will leverage Nium’s advanced pay-out capability to offer real-time, cost-efficient,… Read More

UK’s Digital Bank Monzo Introduces Pay Later and Flexible Payments Options with Monzo Flex

UK-based digital bank Monzo notes that since bringing clients a better way to pay later with their new product, Monzo Flex, they have seen significant demand from customers asking to be among the first to use it. Monzo is now inviting people who’ve asked for… Read More

Mastercard Enhances Support of Latin America Real-Time Payments with Acquisition of Arcus

Mastercard (NYSE: MA) announces that it has acquired Arcus FI, an alum of the firm’s Start Path program, in order to help support the delivery of bill pay solutions and “other real-time payment applications across Latin America.” As mentioned in the announcement: “With offices in… Read More

Regal Partners with Flexa to Support Digital Currency Payments for Movies

Regal has teamed up with Flexa to support virtual currency payments for movies and more. Using Flexa, Regal patrons are able to purchase tickets and concessions using dozens of digital currencies at more than 500 theatres. Regal, which operates as a subsidiary of Cineworld Group… Read More

Cross Border Payment Firm Thunes Hires Multiple Executives in Global Push

Thunes, a payments Fintech that operates globally, has hired multiple executives as part of a move to boost international expansion. While based in Singapore, Thunes has offices around the world. According to a company release, Thunes has hired four executives to guide the firm in… Read More

BNPL Fintech Afterpay Introduces Buy Now, Pay Later Subscriptions In the US

Afterpay (ASX:APT), a provider of Buy Now, Pay Later (BNPL) payments, has announced its subscription solution – giving US consumers the option to pay for their recurring purchases in installments. Merchants such as IPSY, BoxyCharm, Savage X Fenty, and Fabletics will be among the first… Read More

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