Tagged: payments

March 27, 2022 @ 11:02 pm By Omar Faridi  |  

Swiss financial services provider, Igson Capital AG, is enhancing its IBAN offer for firms by working in partnership with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN, Igson Capital AG will also aim to “benefit from Faster Payments and SEPA instant transfers and… Read More

March 27, 2022 @ 6:12 pm By Omar Faridi  |  

The team at Airwallex notes that as the global online sales continue to grow, “so do customer expectations.” Digital wallets such as Apple Pay are “becoming more popular, more secure — and without all the friction, more necessary for eCommerce success.” As noted in the… Read More

March 26, 2022 @ 12:01 pm By Omar Faridi  |  

Carta Worldwide, a virtual payments technology, and card issuer processing enabler, recently entered a partnership with digital payments specialist Acquired in order to mutually support their networks with “value-added” payment processing and acquiring services. Acquired’s data-driven payment solutions have been custom built so they can… Read More

March 24, 2022 @ 5:28 pm By Omar Faridi  |  

U.S. Bank and Driveway have collaborated to pay car sellers “immediately” with real-time payments, making Driveway one of the first online car dealerships “to pay customers over the RTP network.” Clients selling a car on Driveway.com may now have the payment deposited “instantly” into their… Read More

March 24, 2022 @ 3:57 pm By Omar Faridi  |  

Visa (NYSE: V) has announced a new offering with DoorDash, a “last-mile” logistics platform, in order to help enable faster payouts “to eligible Dashers across Canada.” The latest feature, called DoorDash Fast Pay, is “facilitated by Stripe’s Instant Payouts product, made available through Stripe’s financial… Read More

March 23, 2022 @ 2:43 pm By Omar Faridi  |  

When one of the most prominent firms, Andreessen Horowitz, proclaimed in January 2020 that “every company will be a fintech company”, it “spurred a big debate,” according to the team at UK’s MarketFinance. How much should software platforms “build their own solutions, versus embedding third… Read More

March 23, 2022 @ 1:18 am By Omar Faridi  |  

The Nordic-based payment service provider Avarda has reportedly chosen European open banking provider Aiia, a Mastercard company, in order to support open banking payments via its white-label payment solutions for an extensive range of retailers and merchants. Supported by the Mastercard global Open Banking platform,… Read More

March 22, 2022 @ 11:28 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services technology solutions, and MX, a financial data platform provider and a key player in modern connectivity, are accelerating the future of open finance “through secure, reliable consumer financial data sharing.” MX is reportedly… Read More

March 21, 2022 @ 7:32 pm By Omar Faridi  |  

Branch, a workforce payments platform, had announced a Series C round totaling $75 million. As covered, the investment round, led by Addition, includes contributions from global growth equity investor General Atlantic along with existing investors Drive Capital, Crosscut Ventures, and Indeed, among others. Branch aims… Read More

March 21, 2022 @ 11:24 am By JD Alois  |  

Recharge.com, a Netherlands-based payments Fintech, has announced the launch of its services in Australia. Recharge.com specializes in digital gift and prepaid cards for brands including Netflix, Spotify and Xbox. The company’s service is said to be rolling out amidst regulatory changes in the buy-now-pay-later (BNPL)… Read More

March 20, 2022 @ 8:55 pm By Omar Faridi  |  

Payrails, an operating system for payments and financial services, recently announced that it has secured $6.4 million in seed funding in order to launch its next-gen financial operations (FinOps) platform. The firm’s investment round was reportedly led by Andreessen Horowitz with HV Capital, Delivery Hero… Read More

March 18, 2022 @ 4:09 pm By Omar Faridi  |  

Stripe, a tech firm building financial infrastructure for the Internet, confirmed that Blockchain.com has “chosen Stripe to facilitate payments, mitigate fraud risk, and improve revenue management.” Established in 2011, Blockchain.com was one of the early infrastructure “pioneers” of the Bitcoin community. As of January 2022,… Read More

March 17, 2022 @ 11:11 pm By Omar Faridi  |  

Prakash Hariramani, Senior Director, Product Management, and Bipul Sinha, Senior Product Manager at Coinbase (NASDAQ:COIN) noted that the firm is introducing Coinbase Pay, which is described as “the easiest way for Coinbase users to fund their Coinbase Wallet from the Chrome browser extension and explore… Read More

March 17, 2022 @ 9:20 am By Omar Faridi  |  

At Razorpay, they claim to have been driven by one fundamental question: “How can we improve the payments experience for our partner businesses and their end-consumers?” Razorpay writes in a blog post that they “constantly work to find solutions within.” At times, the Indian Fintech… Read More

March 17, 2022 @ 8:02 am By Omar Faridi  |  

Mastercard (NYSE: MA) has announced a growing list of partners, such as BNPL specialists and internationally-recognized brands, further expanding Mastercard Installments, “the unique BNPL program that delivers greater choice at checkout, both in-store and online.” Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c,… Read More

March 17, 2022 @ 7:59 am By Omar Faridi  |  

Nium, an international firm focused on modern money movement, has introduced a new brokerage payments solution that provides financial institutions a quicker and more cost-effective method of “settling transactions to select U.S. brokerages enabling customers to easily invest in U.S. equities.” When compared to transactions… Read More

March 16, 2022 @ 10:46 pm By Tony Zerucha  |  

Medius, a provider of source-to-pay solutions, today announced that global private equity firm Advent International has acquired a minority stake in the company. Following the deal, Marlin Equity Partners remains the firm’s majority shareholder. The terms of the transaction were not disclosed. Founded in Stockholm… Read More

March 16, 2022 @ 4:28 pm By JD Alois  |  

doxo, a platform aiming to modernize the $4.61 trillion household bill pay industry, has raised $18.5 million in Series C funding. The round was led by Jackson Square Ventures, a VC that backs early-stage software businesses. Existing investors also participated in the round. A valuation… Read More

March 15, 2022 @ 10:42 pm By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and “helps merchants drive growth,” provided an update (on March 14, 2022) on its business performance, “including its current funding capacity and availability, and raised the Company’s third quarter and full-year fiscal 2022 financial… Read More

March 15, 2022 @ 4:18 pm By Tony Zerucha  |  

Zitti, a payment and credit platform built for food industry management and vendors announced its launch today. The company raised an initial $4 million to grow the team and expand the capabilities of its proprietary technology. Founders Dante DiCicco (early Snap executive and restaurant owner) and Erek Benz (co-founder of CREXi and other marketplace platforms)… Read More