Industry News

Sept 20, 2021

Inetco Launches Game-Changing Payment Fraud Solution

Inetco´s BullzAI combines a web application firewall with a real-time payment fraud detection and blocking system in one solution. > See Article

Sept 20, 2021

Visa Launches New Benefits for U.S. Consumer Credit Cardholders

Visa Inc. announced the addition of Shipt, Skillshare and Sofar Sounds as exclusive benefits for Visa´s U.S. Consumer Credit cardholders. Eligible cardholders can now get a free Shipt membership to receive free same-day delivery on groceries and household essentials on orders over $35; boost their creativity through Skillshare´s online learning community; and get access to presale tickets plus be eligible for a free concert ticket while discovering Sofar Sounds´ global community of music lovers.   > See Article

Sept 17, 2021

Priority Technology Holdings, Inc. Completes Acquisition of Finxera to Create the Premier Payments and Banking as a Service Platform

The companies have combined pro forma 2021 revenue of $547 million to $570 million and combined pro forma adjusted EBITDA of $131 million to $136 million before synergies.   > See Article

Sept 16, 2021

HUBUC Joins Mastercard Fintech Express Program Fostering Innovation in the Fintech and B2B SaaS Sectors in Europe

Through this partnership, HUBUC can provide a single component or the integration of a full set of embedded finance components to support each step of the digital end-consumer journey all the way from card usage to management, and engagement of customers.  > See Article

Sept 16, 2021

Curve Launches Flex--Turn Past Payments from Any Card Into Installments

Curve Flex lets customers pay later for almost any purchase made at any merchant, from any card, up to a year ago. > See Article

Sept 16, 2021

J.P. Morgan Supports Alipay to Provide Card Payment Services for Alibaba.com in the U.S.

Working together with Alipay, J.P. Morgan Merchant Services now powers payments made by U.S. credit cards on Alibaba.com.  > See Article

Sept 16, 2021

EMVCo Publishes Guidance for EMV 3-D Secure Transactions to Utilize EMV Payment Token Data

EMV Payment Tokens increase the security of card-based transactions by replacing the primary account number (PAN) with a unique alternative value.  > See Article

Sept 16, 2021

Square Announces Early Access Program to its Product Ecosystem for Spanish Businesses

The service, which is now available for beta-testing in Spain, offers exclusive access to an integrated set of omnichannel tools for businesses and freelancers to sell and deliver their services more easily, both in-store and online.  > See Article

Sept 15, 2021

Silicon Valley Bank and Plaid Partner to Provide Secure and Efficient Tokenized Payment Solutions

The partnership allows clients to instantly authenticate bank account information with Plaid and securely generate payments via a tokenized payment solution. SVB is the first bank to provide ACH account token integration with Plaid. > See Article

Sept 15, 2021

Chargezoom Closes $2M Seed Funding Round

The investment was led by Okapi Venture Capital and joined by SaaS Ventures. > See Article

Sept 15, 2021

Goldman Sachs to Acquire GreenSky

Goldman Sachs will acquire GreenSky, the largest fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately $2.24 billion. > See Article

Sept 15, 2021

Adobe Announces Payment Services for Adobe Commerce

By integrating Payment Services with their digital storefronts, Adobe merchants of all sizes will soon have access to a robust, secure and integrated payment solution that can easily be managed from their Adobe Commerce Admin, instead of having to do the work of integrating with third-party payment providers.  > See Article

Sept 15, 2021

Wex Signs New Fleet Card Agreement with the State of Minnesota

Wex now has 34 state government contracts and approximately 1.2 million cards issued to state, federal and local government entities. > See Article

Sept 14, 2021

Moca Partners with QuikQ for Payroll Cards to QuikQ’s Fleets and their Drivers

QuikQ will leverage Moca´s digital-first next-generation card-based payment platform to expand on its fuel card offerings to its clients. > See Article

Sept 14, 2021

FortisPay Acquires OmniFund, Enhancing Commerce Technology

The acquisition will enable FortisPay to expand its platform of offerings and capabilities while pursuing new accounts receivable and ERP initiatives. Financial terms of the acquisition were not disclosed. > See Article

Sept 14, 2021

Bobacino Teams Up with PopID to Enable Face-to-Pay for Boba Aficionados

As the demand for contactless solutions and low-touch, easily accessible beverage options remains high, the partnership will offer consumers the ability to pay with their face at Bobacino´s automated boba locations and on mobile devices. > See Article

Sept 14, 2021

Outseer Protects $100 Billion in Payment Transactions Year-to-Date via 3-D Secure

Outseer has published its third quarter Fraud and Payments Report, confirming that $100 billion in transactions in 2021 alone have been protected by Outseer´s 3-D secure payment authentication technology. > See Article

Sept 14, 2021

I2c Certifies on Mexico´s Prosa Payment Network

I2c´s certification with Mexican payment network Prosa provides local banks and fintechs with greater choice in issuing and processing American Express, Mastercard and Visa programs while also signaling its continued growth and investment in the LAC region. > See Article

Sept 14, 2021

Indonesian Fintech Xendit is Now a Unicorn, with $150M in Fresh Funding Led by Tiger Global

Jakarta-based Xendit, best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. > See Article

Sept 14, 2021

Melio Raises $250M to Fuel Expansion of Its B2B Payment Platform and Forge New Partnerships, Tripling Valuation to $4B

The capital raised will accelerate the company´s expansion through partnerships with leading financial institutions, software providers and marketplaces interested in enabling B2B payments for their customers. > See Article

Sept 13, 2021

TD Bank Joins the Akoya Data Access Network to Accelerate Open Finance

The bank will build on its original investment in Akoya to enable fintechs, data aggregators and other data recipients to request application programming interface (API)-based access to TD Bank´s U.S. customer data through Akoya. > See Article