Tagged: payments

May 16, 2025 @ 8:21 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Costco Wholesale Corporation (NASDAQ: COST), the world’s third-largest retailer, announced a multi-year partnership naming Affirm as “a pay-over-time provider for Costco.com in the U.S.” Costco members shopping online can use… Read More

May 15, 2025 @ 10:44 am By JD Alois  |  

Large European retailers are asking the European Commission to address the fees charged by credit card issuers like Visa and Mastercard. According to a report, these retailers want these fees reduced. The message was said to be sent in a letter, addressed to the Commission’s… Read More

May 15, 2025 @ 9:21 am By JD Alois  |  

While stablecoins are typically lumped in with the broader crypto-sphere, a more apt description is an update to payments and transfer rails. Stablecoins may provide immediate settlement, at a lower cost, with more security than traditional payments rails. In an announcement today that reflects this… Read More

May 15, 2025 @ 7:51 am By Omar Faridi  |  

BitPay, the cryptocurrency payment processor, announced the launch of HODL Pay, a payment option that empowers consumers and merchants. HODL Pay connects the decentralized finance (DeFi) ecosystem with everyday commerce, “enabling users to borrow stablecoins from DeFi against their crypto holdings and seamlessly pay any… Read More

May 14, 2025 @ 10:45 pm By Omar Faridi  |  

Cross River Bank is focused on enabling and developing the infrastructure necessary for the scalability of digital financial services. The bank’s strategic expansion into capital markets is enabled by its strategic partnerships, innovative product offerings, and improved support for international payments. By prioritizing comprehensive financial… Read More

May 11, 2025 @ 11:49 pm By Omar Faridi  |  

Global bank payment company GoCardless has announced a new integration with Giacom’s Cloud Market Tools billing platform. The integration enables Giacom channel partners to manage Direct Debit payments from within their billing system, “helping them simplify collections, improve cash flow, and reduce operational overheads.” This… Read More

May 11, 2025 @ 7:03 pm By Michael Wong  |  

Global payments and digital assets platform ONE.io has partnered with BoomFi to launch ONE Gateway, a new service embedding cryptocurrency payment capabilities into its core offerings, the companies said. The integration allows ONE.io clients to accept major cryptocurrencies through pay links, invoices, checkout flows, and… Read More

May 11, 2025 @ 4:29 pm By Tony Zerucha  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions, has joined forces with Perpay to power the Perpay Credit Card, issued by Celtic Bank. That card automates payments directly from a paycheck. The demand for innovative credit-building solutions is growing,… Read More

May 10, 2025 @ 3:24 am By Omar Faridi  |  

Meta (NASDAQ:META) is reportedly considering a bold reentry by exploring stablecoin payment integration across its platforms, according to a recent report citing sources claiming to be familiar the matter. This move could mark a significant shift for the tech firm, which has been cautious about… Read More

May 10, 2025 @ 3:16 am By Omar Faridi  |  

Payoneer Global Inc. (NASDAQ: PAYO), a Fintech specializing in cross-border payments, has suspended its full-year 2025 earnings guidance amid significant global trade uncertainties, according to a recent report by Fortune. The New York based fintech company, which was valued at $3.3 billion when it went… Read More

May 9, 2025 @ 5:50 pm By Omar Faridi  |  

Canadian fintech company Nuvei (Nasdaq: NVEI) and Mastercard (NYSE: MA) are collaborating to enable near instantaneous payout capabilities for businesses in Canada. Nuvei will leverage Mastercard Move’s money movement capabilities to facilitate “payouts to a consumer’s Debit Mastercard or Reloadable Mastercard Prepaid card.” Mastercard Move… Read More

May 8, 2025 @ 7:07 am By Omar Faridi  |  

Bivial AG is pleased to share its continued trajectory of growth.  The Swiss Fintech company has increased its annual profit by “110% compared to the previous year, expanded its team to almost 50 exceptional individuals, and further strengthened its position as the largest prudentially regulated… Read More

May 7, 2025 @ 9:42 am By JD Alois  |  

AvidXchange (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market businesses, has been sold for $2.2 billion. The purchaser was a group led by TPG (NASDAQ: TPG), an alternative asset manager with around $250 billion in AUM. Corpay (NYSE:… Read More

May 7, 2025 @ 8:52 am By JD Alois  |  

Payments Fintech TrueLayer is reporting that it has surpassed $10 billion in payments in a single month. The company says this places them on a trajectory to transfer over $100 billion in one year. TrueLayer adds that during the first quarter, it added more than… Read More

May 7, 2025 @ 7:54 am By Omar Faridi  |  

BigCommerce (Nasdaq: BIGC), a provider of “open, composable” commerce solutions for B2C and B2B brands, retailers, manufacturers and distributors, announced that Klarna, the AI-powered payments and commerce network, has become a global preferred payments partner. As a global partner, Klarna will bring its “interest-free” payment… Read More

May 6, 2025 @ 11:29 am By JD Alois  |  

Latin American crypto firm Bitso has posted the list of participants in its global stablecoin startup accelerator, Push. Bitso said that over 300 companies applied to participate in the accelerator, with nine being approved as the first group in the Push Stablecoin Startup Accelerator. The… Read More

May 5, 2025 @ 11:50 am By Michael Wong  |  

Trek Health, a US-based startup aiming to bring clarity to opaque healthcare payer data, has raised $11 million in a Series A funding round led by Madrona, the company said. Other investors in the round included Accrete Health Partners—the venture arm of Bon Secours Mercy… Read More

May 5, 2025 @ 9:25 am By Omar Faridi  |  

The European Union’s framework for systemically important payment systems (PSs) and central securities depositories/securities settlement systems (CSDs/SSSs) has been deemed complete and consistent with the Principles for Financial Market Infrastructures (PFMI), according to a recent report by the Committee on Payments and Market Infrastructures (CPMI)… Read More

May 4, 2025 @ 9:55 pm By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, crossed 11 million active customers and has doubled its merchant base in a year “to 60,000, launching with names like Argos, eBay, Eurostar and John Lewis.” The UK is now Klarna’s third-biggest market globally, “with revenue up 30%… Read More

May 4, 2025 @ 7:53 pm By Omar Faridi  |  

Enterprise blockchain firm Ripple, the payments Fintech behind XRP and the newly launched RLUSD stablecoin, recently tabled a $4 billion to $5 billion offer to acquire Circle, the issuer of the world’s second-largest stablecoin, USDC, according to Bloomberg. The bid, however, was swiftly rebuffed by… Read More