Tagged: payments

May 16, 2022 @ 6:32 am By Omar Faridi  |  

$156 trillion will cross international borders in 2022, with cross-border transactions “worth up to 41% more than local ones.” Businesses have the need “to enter new markets, automate payment flows, connect multiple payment providers, and generate data-driven insights.” BridgerPay allows any business “to connect their… Read More

May 16, 2022 @ 5:24 am By Omar Faridi  |  

Dock, a full-stack payments and digital banking platform across Latin America, recently announced that it has secured $110 million in growth funding led by Lightrock and Silver Lake Waterman, along with contributions from existing investors Riverwood Capital, Viking Global Investors and Sunley House Capital, “bringing… Read More

May 15, 2022 @ 10:35 pm By Omar Faridi  |  

New payment checks at online checkouts are “proving invaluable” as Nationwide Building Society reports it is “protecting its members from an additional 2,000 cases of online card fraud a month.” Despite the fact that some transactions now take a little longer, new research from UK’s… Read More

May 15, 2022 @ 7:34 pm By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service, recently announced the launch of its Virtual Shopping offering, “bringing the best of in-store to the online experience.” Virtual Shopping by Klarna “enables consumers to browse and buy online with confidence by connecting them directly with… Read More

May 14, 2022 @ 5:37 pm By Omar Faridi  |  

xpate, the fast-growing simplified cross-border payment solution provider, has announced a “significant” expansion of its “disruptive” developer team, with 35 new team members onboard in order “to speed up building services aimed to enhance flexibility and data processing for merchants and acquirers.” The new appointments,… Read More

May 13, 2022 @ 2:53 pm By Omar Faridi  |  

Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments provider, recently announced that PepsiCo has now deployed its automated Credit Application solution “to support the distribution of HARD MTN DEW, a new Mountain Dew-branded alcoholic beverage.” For the distribution, Blue Cloud Distribution, Inc…. Read More

May 13, 2022 @ 7:51 am By Omar Faridi  |  

Token, an Open Banking platform supporting the transition from card to account-to-account bank payments across Europe, has acquired $40 million via a Series C round that was co-led by Cota Capital and TempoCap. Element Ventures, MissionOG, PostFinance and existing investors Octopus Ventures, Opera Tech Ventures… Read More

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