Wirex, a digital currency payment platform, launched a Visa prepaid card issued by Sutton Bank in the U.S. that will facilitate conversion of 37 cryptocurrencies from Wirex wallets at the point of sale with zero exchange fees.
Binance, a digital currency exchange, has partnered with Contis, a payment processor, to offer Ukrainian refugees a Visa-brand debit card loaded with $75 of the stablecoin Binance USD per month, for three months. The stablecoin is tied to the U.S. dollar.
With the IBM z16 platform upgrade launched this month, IBM mainframe computers, which are used by 45 of the 50 largest financial institutions worldwide for real-time transaction processing, are now integrated with Telum chips embedded with artificial intelligence (AI).
Over the past 15 months, there have been 67 deals involving companies offering buy now, pay later services. Of those transactions, 14 were either mergers or acquisitions.
Circle Internet Financial, the exclusive issuer of USD Coin (USDC), a stablecoin cryptocurrency fully pegged to the U.S. dollar, has formed a partnership with Worldpay from FIS, the second largest merchant acquirer in the U.S.
Since the first quarter of 2020, multiple factors have contributed to shortages in the availability of EMV-compliant microprocessor chips and a concurrent increase in prices for finished credit, debit and prepaid cards delivered to issuers worldwide.
Bolt, a payment service provider, will acquire Wyre, a cryptocurrency infrastructure provider. Bolt will add Wyre’s capabilities to its APIs, allowing merchants to offer services like one-click checkout with cryptocurrencies.
One of the most successful private equity firms in the payment and fintech industries over the last 14 years has been Advent International. Since 2008, Advent has invested $6.50 billion in 17 companies including Vantiv, Worldpay, Nets and Nexi.
Microsoft, like other major online retailers, has been a target for criminals’ intent on committing fraud since the beginning of ecommerce. About 10 years ago, when criminals started to deploy more sophisticated tactics, Microsoft began developing technology in-house to fight losses it incurred when selling digital and physical products. Two years ago, Microsoft decided to […]
Blockchain.com, a crypto wallet and financial services company, will partner with Stripe to facilitate payments, fight fraud and improve revenue management. Blockchain.com has already used Stripe to facilitate crypto purchases using card payments, and the company expects to add the ability to make crypto purchases using Apple Pay and Google Pay. The company also announced […]
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