Tagged: payments

May 12, 2022 @ 10:15 pm By JD Alois  |  

Cushion, a bank and credit card fee negotiator service, has raised $12 million in Series A funding, according to a statement from the company. The funding round was led by Rose Park Advisors, with participation from Flourish Ventures, Vestigo Ventures, TSEF, Green Cow Venture Capital,… Read More

May 12, 2022 @ 7:51 pm By Omar Faridi  |  

There’s no denying that the Middle East is “growing fast” and its restaurant scene is growing “even faster,” according to an update shared with CI. Dining in the UAE means “exploring one of the most diverse, vibrant, and delicious food destinations on the planet.” Restaurants… Read More

May 12, 2022 @ 3:36 pm By Omar Faridi  |  

Ebury, the Banco Santander-backed provider of corporate banking services to SMEs that trade globally, has reportedly agreed to acquire Bexs in a deal that further expands its international payments offering to Brazilian markets. The transaction, currently subject to regulatory clearance, reportedly includes the companies Bexs… Read More

May 12, 2022 @ 8:28 am By Omar Faridi  |  

Klarna, an international retail bank, payments and shopping service that helps consumers save time and money, “be informed and in control,” recently announced its new Flexible Work Policy designed “to offer employees greater choice, autonomy, and flexibility in how and where they choose to work.”… Read More

May 11, 2022 @ 11:15 am By Omar Faridi  |  

Paddle, the provider of a complete payments infrastructure for SaaS firms, recently announced that it has raised $200 million in Series D equity and debt financing “at a valuation of $1.4bn, making it the UK’s latest unicorn.” Led by KKR, an international investment firm, with… Read More

May 10, 2022 @ 11:30 pm By JD Alois  |  

Wirex is reporting that it has secured over 150,000 registrations to its crypto app six weeks after its launch in the US. Wirex is based in London, but also maintains offices in Singapore, Kyiv, Dallas, Dublin, and Atlanta. Wirex is a digital payments platform that… Read More

May 10, 2022 @ 2:42 pm By Omar Faridi  |  

COMO, an international automated paytech, has chosen SAP Fioneer’s Cloud for Banking (C4B) application. This partnership will “allow COMO’s customers immediate access to rich core banking functionality, while enabling real-time payment transactions and reducing costs by up to 60% for corporates.” The C4B system and… Read More

May 9, 2022 @ 9:23 am By Omar Faridi  |  

Worldline [Euronext: WLN], an international leader in payment services, and Algoan, a credit scoring provider, have announced a collaboration agreement “to jointly develop a next-level credit assessment solution to help lenders and services providers make better credit decisions.” This service is based on APIs &… Read More

May 9, 2022 @ 8:10 am By Omar Faridi  |  

Rapyd, an international Fintech-as-a-service platform, announced the launch of Virtual Accounts, a vital product “empowering businesses to expand globally while supporting local payments.” This new product offering enables organizations anywhere “to securely and reliably accept local bank transfers across over 40 countries in more than… Read More

May 7, 2022 @ 1:35 pm By Omar Faridi  |  

NatWest Group has entered agreements with three payment providers – TrueLayer, GoCardless and Crezco – in order to offer Variable Recurring Payments (VRP) as “a new and convenient payment option for businesses and consumers.” This “industry first” means that NatWest Group will be the first… Read More

May 6, 2022 @ 4:39 pm By Omar Faridi  |  

Nacha‘s Payments Innovation Alliance has created a legal and risk mitigation resource guide for financial institutions seeking “to implement voice payments capabilities and applications (skills) through smart devices, such as the Amazon Echo and Google Nest.” As part of the series of Alliance Executive Briefings… Read More

May 5, 2022 @ 11:45 pm By Omar Faridi  |  

Transact365, a UK-headquartered global payments platform powering merchants in emerging markets, has appointed David Lambert as its new Chief Executive Officer. An original co-founder and former Commercial Director at Transact365, Lambert will be responsible for overseeing the Fintech firm’s expanding merchant client base and card… Read More

May 5, 2022 @ 8:42 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and “helps merchants drive growth,” and Fiserv, an international provider of payments and financial services tech solutions, announced a relationship that will “make Affirm available to Fiserv enterprise merchant clients later this year.” With this partnership,… Read More

May 5, 2022 @ 5:37 pm By Omar Faridi  |  

Amadis, a payment software and consulting provider, has announced a partnership agreement with Softpay.io in order to offer its Universal EMV Level 2 Framework & pre-certified Kernels “for integration into Softpay’s new Tap-to-Pay service.” Softpay’s Tap-to-Pay service can be “downloaded into any Android device and… Read More

May 5, 2022 @ 2:38 pm By Omar Faridi  |  

The Federal Reserve recently reported that it officially began onboarding pilot participants onto the FedNow Service, “signaling that the initial testing phase of the FedNow Pilot Program is underway.” A few organizations have now successfully “connected and delivered test messages over a pilot version of… Read More

May 5, 2022 @ 10:14 am By JD Alois  |  

BPC will help Mexican company Up Sí Vale by providing end-to-end payment services, according to a statement by the company. Up Sí Vale is a prepaid card issuer serving over 4 million customers throughout Mexico.  Up Sí Vale offers a range of prepaid “all-in-one” services… Read More

May 5, 2022 @ 7:52 am By Omar Faridi  |  

Citi (NYSE: C) has announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, “further increasing the bank’s global Instant Payments offering.” The launch will provide clients with the ability “to pay to and receive from 36 SEPA countries instantly.” The offering… Read More

May 4, 2022 @ 8:27 am By Omar Faridi  |  

Kevin., a Lithuania -headquartered account-to-account payments Fintech, has acquired $65 million via a Series A round that has been led by Accel. Eurazeo, OTB Ventures, Speedinvest, OpenOcean, Global Paytech Ventures, and a host of angels joined the company’s latest investment round, which has come only… Read More

May 3, 2022 @ 7:07 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) is at least one of the firms that called up the European Commission to complain about Apple (NASDAQ:AAPL) and its Apple Pay offering pushing the competition ministry to pursue possible anti-trust violations, according to a report in Bloomberg. This is not the first… Read More

May 3, 2022 @ 8:35 am By Omar Faridi  |  

As the COVID-19 pandemic winds on into its third year, waves of new virus variants continue to “wreak havoc with supply chains,” according to an update from Verifi. Firms responsible for taking goods through each step on the journey “from manufacturing to customers’ doorsteps find… Read More