Tagged: payments

March 15, 2022 @ 9:24 am By Omar Faridi  |  

The United Kingdom’s Competition and Markets Authority has clarified what may and may not be used for when it is introduced later in 2022. The CMA mandated the use of Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping – which is described as… Read More

March 15, 2022 @ 1:27 am By Omar Faridi  |  

CarNow, the automotive industry’s digital retailing firm, recently announced a partnership with Cion Digital, offering clients a way to purchase and finance vehicles using cryptocurrency via “an integration with CarNow’s Real-Time Retail™ platform.” Cion Digital’s “ready-to-deploy” modular payments and lending platform offers firms with access… Read More

March 15, 2022 @ 12:56 am By Omar Faridi  |  

Parpera, a money management platform for sole traders, freelancers, and startup founders, has launched Australia’s “first” embedded finance business experience “using a debit card linked directly to deposit accounts,” in partnership with Railspay (the Australian arm of Railsbank) and Volt. The Parpera Business Debit Mastercard… Read More

March 14, 2022 @ 11:01 pm By Omar Faridi  |  

Nearly three years after selling off payments firm SafeCharge for $889 million, Teddy Sagi is launching a company called Pay.com. The firm was established in 2021 by Sagi and Tom Vaknin and they have reportedly been joined by Assaf Cohen, who has worked as Vice… Read More

March 14, 2022 @ 6:25 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) has reportedly instructed Paytm Payments Bank to stop onboarding new clients and to also hire an IT audit company while citing “supervisory concerns.” In an official statement, the RBI stated that Paytm Payments Bank should stop taking on new… Read More

March 12, 2022 @ 10:58 am By Omar Faridi  |  

Curve, the financial super app which supports clients with better understanding and mastering their finances by bringing together debit, credit and loyalty cards into a single interface, recently confirmed its entry into US markets. Curve is currently available to download for US clients, who are… Read More

March 11, 2022 @ 12:43 pm By JD Alois  |  

Stellar Development Foundation, MoneyGram International, Inc. (NASDAQ: MGI), and Techstars, have announced a partnership to recruit founders globally who are focused on tech innovation in areas such as blockchain and digital payments to further streamline cross-border payments and support financial inclusion. The partnership builds on the… Read More

March 10, 2022 @ 8:47 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), the international firm focused on “mission-critical,” real-time payments software, has announced the launch of Fraud Scoring Services—which is a fraud scoring platform offering next-gen machine learning capabilities for financial institutions of all sizes “to deliver real-time fraud detection and prevention.” Underpinned… Read More

March 9, 2022 @ 8:36 pm By Omar Faridi  |  

Paysend, the card-to-card pioneer and international payments platform, announced that its U.S. customers may send funds “directly to eligible Mastercard cards in over 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as within the U.S.” Recipients will generally see… Read More

March 9, 2022 @ 7:39 pm By Omar Faridi  |  

Glean AI, the intelligent accounts payable firm, has secured $10.8 million in seed financing from Contour Venture Partners (lead investor), Amex Ventures, Infinity Ventures, B Capital Group, Portage Ventures, Parameter Ventures, and several other venture funds and angel investors. The proceeds from the investment round… Read More

March 9, 2022 @ 5:26 pm By Omar Faridi  |  

Stax, a comprehensive payments platform, announced its new funding raise of $245 million. Led by sibling co-founders Suneera Madhani, CEO, and Sal Rehmetullah, president, Stax celebrates this milestone at a time when “less than three percent of venture capital goes to minorities and less than… Read More

March 9, 2022 @ 3:55 pm By Omar Faridi  |  

Stellar, which claims to be on a mission to offer “unprecedented” access to credit-building and financial tools to underserved communities, has reportedly attracted several investors to finalize an oversubscribed $7 million round. Stellar Founder and CEO, Lamine Zarrad, stated: “We created Stellar to provide credit… Read More

March 9, 2022 @ 3:51 pm By JD Alois  |  

Only 6 months after their Series B round, Fintech Branch has announced a $75 million Series C funding round. The company did not disclose the valuation. The funding was led by Addition with the participation of General Atlantic. Returning investors include Drive Capital, Crosscut Ventures,… Read More

March 9, 2022 @ 3:19 pm By Omar Faridi  |  

Dollar General (NYSE: DG) announced a series of financial services aimed at improving access to banking options and offering additional customer payment alternatives. New services reportedly include the introduction of Dollar General’s exclusive spendwell banking platform, a Buy Now, Pay Later test program with Sezzle… Read More

March 7, 2022 @ 9:47 pm By Omar Faridi  |  

Airwallex, an international Fintech platform, recently announced its partnership with investing app, Plum, in order to support its cross-border payments and FX requirements. Airwallex was selected as Plum’s international payments and FX partner “to support the launch of Plum’s new stock investing feature that will… Read More

March 5, 2022 @ 11:37 am By Omar Faridi  |  

Lunar, a Nordic-based Fintech firm, has introduced a solution to allow its business clients to accept and keep track online payments. Lunar’s solution is reportedly built into its business account and aims to address the growing digital commerce client base. Lunar’s business clients using a… Read More

March 3, 2022 @ 6:05 pm By Omar Faridi  |  

European payment institution, Igoria Trade SA, is enhancing its multicurrency IBAN capabilities by “working in partnership” with technology-first payments bank, Banking Circle. Utilizing Banking Circle Virtual IBAN, Igoria Trade will also “benefit from fast, secure SEPA, SWIFT and Faster Payments transfers.” With head offices in… Read More

March 3, 2022 @ 5:01 pm By Omar Faridi  |  

Gross Payment Volume (GPV) is a term commonly used in payments to “describe the total monetary value of transactions that pass through a payments system (Merchant, Payment Facilitator, Payment Processor, etc.) within a defined period of time.” As noted in an update from Finix Payments,… Read More

March 2, 2022 @ 11:47 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) recently confirmed that it teamed up with the International Air Transport Association (IATA) to introduce IATA Pay in India. IATA Pay, which is available in several European markets, is an airline industry payment platform that provides optionality, convenience and an improved… Read More

March 2, 2022 @ 11:00 pm By Omar Faridi  |  

Mastercard (NYSE: MA), DBS Bank (SGX:D05) and Pine Labs have teamed up to introduce ‘Mastercard Installments with Pine Labs’ – which is a new program that enables DBS/POSB credit cardholders to pay via interest-free installments at merchants “with the ‘Pay Later’ identifier, simply by presenting… Read More