Tagged: payments

October 19, 2022 @ 12:41 pm By Omar Faridi  |  

GoCardless, which claims to be a global leader in direct bank payments, has signed Crowdz, the small and mid-sized enterprise (SME) finance platform, “as its latest customer as the company looks to integrate open banking to enhance its ability to drive equitable access to finance… Read More

October 19, 2022 @ 9:00 am By JD Alois  |  

Alviere, an embedded finance platform, is now the first fully licensed money transmitter in all 50 states as well as Puerto Rico, according to a note from the company. Many Fintechs pursue state-based licenses to offer services. This is a process that can take quite… Read More

October 19, 2022 @ 8:14 am By Omar Faridi  |  

Paytrix, an embedded payments company for “high-growth” vertical software platforms, announced that it has secured £5 million of new capital.” The investment round was “led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better… Read More

October 18, 2022 @ 10:57 pm By Omar Faridi  |  

Karma, the fintech app that helps shoppers get what they want at the lowest price by scanning for coupons and getting price drop notifications, announced the launch of its innovative payment feature, Pay with Karma. The new embedded checkout “gives shoppers a simplified, one-swipe purchase… Read More

October 18, 2022 @ 10:30 pm By Omar Faridi  |  

HR and payroll services provider, SD Worx, is committed to making additional investments in people-based Fintech services for its clients by working with Modulr, the embedded payments platform that supports quicker payroll payments. Traditional Bacs payments for payroll usually take around three business days to… Read More

October 17, 2022 @ 10:21 pm By Omar Faridi  |  

Just in time for seasonal holiday hiring, DailyPay, the provider of on-demand pay, announced the launch of a new function within its platform. With hourly shift workers in mind, the new ‘Shifts Worked’ tab “helps users understand how much they’ve earned for each individual shift,… Read More

October 17, 2022 @ 9:50 am By JD Alois  |  

Giesecke+Devrient (G+D) has had its tokenizer solution recognized by the Juniper Future Digital Awards. According to a note from the company, its “eCom Tokenizer” has been anointed the winner of the “Fraud and Security Innovation: Payment Tokenization Solution.” The eCOM Tokenizer by G+D and Netcetera… Read More

October 17, 2022 @ 9:35 am By Omar Faridi  |  

Compass, the Mediobanca Group’s consumer credit arm, has reportedly “completed two deals in the Buy Now Pay Later (BNPL) segment.” The rationale for the deals is “to accelerate the bank’s growth in the deferred payment business using digital channels, which it has entered successfully with… Read More

October 14, 2022 @ 8:05 pm By Omar Faridi  |  

Astra, a provider of instant card-to-card funding as a service in the U.S., announced a $10 million Series A funding round led by FPV Ventures, with participation from Slow Ventures and Allegis Capital, as well as a $30 million line of credit through CoVenture in… Read More

October 13, 2022 @ 11:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) and Fiserv (NASDAQ: FISV), which claims to be a global leader in payments and financial services technology, have launched Vert, which is described as “a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).” Vert is reportedly… Read More

October 12, 2022 @ 12:47 pm By Omar Faridi  |  

The team at Payable reveals that they’ve raised $6.1 million in order to build a payment operations platform so companies “stop using EBICs, bank files and spreadsheets to move and reconcile money.” With Payable, you can “connect your banks and automate payments from initiation to… Read More

October 12, 2022 @ 8:11 am By Omar Faridi  |  

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

October 11, 2022 @ 9:45 am By JD Alois  |  

Payments Fintech Wirex says it has launched USDC (USD Coin) on the Stellar blockchain within its App. USDC is a dollar-based stablecoin issued by Circle and one of the most popular stablecoins in the world. Circle’s USDC assets are held in US financial institutions and… Read More

October 11, 2022 @ 7:44 am By Omar Faridi  |  

Bank of America’s (NYSE: BAC) online payment solution, Pay by Bank, is now available for euro currency payments. Delivered in conjunction with Banked Ltd., this development follows the UK launch of Pay by Bank in February this year and “allows customers of e-commerce companies to… Read More

October 10, 2022 @ 10:11 pm By Omar Faridi  |  

Visa Inc. (NYSE:V), the leader in digital payments, shared an updated look at how fraud has evolved since the height of the pandemic, with criminals simultaneously “targeting online and offline vulnerabilities as our daily lives return to a blend of in-person and e-commerce experiences.” Paul… Read More

October 10, 2022 @ 10:02 pm By JD Alois  |  

Airwallex has raised an additional USD $100 million at a valuation of USD $5.5 billion, the same as its previous round. The “Series E extension” raising money from existing investors, Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and… Read More

October 9, 2022 @ 11:34 pm By Omar Faridi  |  

A new independent survey of more than 2,000 European SMEs has found: 68% plan to adopt real-time payment processing in the next 12 months At present, just 10% of SMEs can receive payments instantly 23% say their international growth has been hindered due to delays… Read More

October 9, 2022 @ 10:42 am By Omar Faridi  |  

WireFX is pleased to announce that it has selected Monex USA as a strategic partner “to provide global payment capabilities to its U.S. corporate clients. ” Through this partnership, WireFX clients will be able “to take advantage of Monex USA’s digital solutions for foreign exchange… Read More

October 8, 2022 @ 7:00 pm By Omar Faridi  |  

West Realm Shires Services Inc. and FTX Trading Limited, the companies behind FTX US and FTX.COM respectively (collectively referred to as “FTX”), and Visa, which claims to be a world leader in digital payments, announced “a long-term global partnership.” As a part of the alliance,… Read More

October 8, 2022 @ 10:05 am By Omar Faridi  |  

Via, a global payroll platform that helps hire and pay workers anywhere in the world in compliance with all local legal regulations, announced that it has opted for Bitso, the cryptocurrency platform in Latin America, to streamline international payments for workers using the power of… Read More