Tagged: transaction

Wirecard Announces Cooperation Expansion With KaDeWe Group to Enable In-Store Digital Payments

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has expanded its cooperation with German retailer, KaDeWe Group, to enable all digital in-store payments. Wirecard reported that through the expansion, it will now handle all cashless payments. “The Wirecard digital financial… Read More

æternity Acquires Stake in SatoshiPay to Provide Faster Transaction Scalability & Smart Contract Support

æternity, the blockchain 3.0 platform designed to deliver unmatched efficiency, transparent governance and global scalability, announced on Wednesday it has acquired a stake in SatoshiPay during its latest funding round, integrating the micropayment services platform as part of a wider push to put in place… Read More

Tipatli Milestones: Surpasses $5 Billion in Annual Transactions & 3 Million Suppliers on Payable Platform; Announces New CFO

Tipalti, a global payables platform announced on Tuesday it surpassed $5 billion in annual transactions, with over 3 million suppliers onboard on the platform. According to the company,  these milestones follow its more than doubled new business bookings in Q2 2018 versus Q2 2017 and became… Read More

PayPal Completes Consumer Credit Receivables Transaction With Synchrony

Global payments platform PayPal (NASDAQ: PYPL) announced on Tuesday the closing of its consumer credit receivables transaction with Synchrony (NYSE: SYF). PayPal reported that under the terms of the transaction, and related transactions with unaffiliated third parties, Synchrony acquired $7.6 billion in receivables, including PayPal’s… Read More

Gulf Capital Acquires Strategic Stake in Saudi Arabia Fintech Geidea

Middle East alternative asset management firm Gulf Capital announced on Monday it has acquired a strategic stake in Saudi Arabia fintech, Geidea. According to the company, this deal with Geidea is claimed to be the largest acquisition in the Saudi Fintech sector to date and the… Read More

Zelle Reports More Than $25 Billion Through The Zelle Network in First Quarter 2018

On Thursday, Zelle announced more than $25 billion was moved through the Zelle Network during the first quarter of 2018. The person-to-person service revealed this is a 15% increase from the previous quarter and had 85 million transactions, which was up 14% from the previous quarter… Read More

Online Lending Platform Kabbage Announces $525 Million Securitization Transaction For New Facility to Enable Expansion of Large Business Products

Money Benjamin Dollars 100

Online lending platform Kabbage announced on Wednesday it priced $525 million of fixed-rate, asset-backed notes in a private securitization transaction for a facility that will enable expansion of large business products. The company stated that the facility is expandable to $1.5 billion and the notes will… Read More

Payoff Teams Up With eOriginal & Millennium Trust Company For Fully Digital Financial Transaction Management

On Wednesday, marketplace lending platform, Payoff, was announced to have adopted a fully digital financial transaction management solution with eOriginal and Millennium Trust Company. eOriginal revealed that PayOff approached it for a solution that empowered them to go beyond simple electronic signature functionality to enable asset sales… Read More

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