Industry News
The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.
May 28, 2020
Mastercard Helps Europe Lead the Way with Contactless Adoption as It Becomes the ´New Normal´
As Mastercard revealed that 78% of all transactions across Europe are now contactless, new European research released identifies consumer habits and viewpoints that indicates this is a consumer change that will stand the test of time. In Europe, Mastercard has already committed to enabling 42 countries to raise their spending limits in order to help people everywhere benefit from the fastest and simplest way to pay. > See Article
May 28, 2020
Modern Card Issuing Leader Marqeta Valued at $4.3B in Latest Round
Marqeta, the global modern card issuing platform, announced that it has raised an additional $150 million in new capital from a leading institutional investor, valuing the company at $4.3 billion. This latest financing comes on the heels of Marqeta´s previously announced $260 million equity financing in May 2019, which was led by Coatue and included participation from Vitruvian Partners and several others. Marqeta is also backed by Visa, Goldman Sachs, 83North, Granite Ventures, and ICONIQ Capital. > See Article
May 28, 2020
Presto Launches Free Contactless Dining Kit for Every Restaurant
Presto, the restaurant industry´s leading enterprise technology platform with 100 million monthly active users and over 300,000 systems shipped across the nation, announced the launch of a free Contactless Dining Kit for every restaurant, no matter the size and configuration. The free Contactless Dining Kit offers powerful contactless menu display, ordering, and payment technology solutions. > See Article
May 28, 2020
PruPay is working with PayPal to develop and launch a simpler way for merchants to request one-time payments from consumers via text messaging. While paying via text is already widely available from several providers, PruPay´s technology lab was able to add a few simple tools that help both merchants and consumers with their real-world problems. Currently, PruPay is waiving its normal fees to help small/medium businesses during the global pandemic. > See Article
May 27, 2020
i2c Inc announced its partnership with Crypto.com as its crypto card product has begun shipping in 31 countries across Europe. This expansion follows integrations between the two companies over the past three years in Singapore, the U.S. and, most recently, the United Kingdom, making Crypto.com´s card program the most widely available globally. Consumers now have access to an end-to-end crypto ecosystem consisting of a crypto payment card, a wallet app to buy, sell, and earn crypto, as well as cashback rewards as one spends. > See Article
May 27, 2020
Expanding Support for JCB Payments
Businesses using Stripe in Japan can now automatically accept payments with JCB, in most cases without any additional work. Stripe is rolling out JCB acceptance to businesses in more countries, starting with Canada, Australia, and New Zealand, with more to come. This lets global businesses, from ecommerce sites in Canada to subscription services in Australia, easily transact with JCB cardholders. > See Article
May 27, 2020
YellowPepper in partnership with Peruvian banks BBVA, Interbank, and Scotiabank announces its first real-time payment (RTP) platform launch in Peru, PLIN. PLIN is an innovative solution that enables the transfer of funds between customers of different banks across Peru in real time, 24/7, free of charge and only using a cellphone number. With this launch, PLIN seeks to meet the needs of more than 10 million people who make instant daily transfers and promote the reduced use of cash. > See Article
May 27, 2020
Stripe Launches in Five More European Countries
Stripe is now generally available in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta. This means Stripe can now support businesses in 39 countries (29 in Europe) with their complete payment platform, enabling them to sell to customers around the globe. > See Article
May 26, 2020
ACI Worldwide announced the launch of a series of new capabilities in its Up Immediate Payments solution. To address the increased demand for new real-time and digital payments during and beyond the pandemic, Up Immediate Payments now offers extended API capabilities for simple integration into any digital channel—including internet banking, mobile banking, mobile wallets, eCommerce portals, bill pay apps, and social media payments. > See Article
May 26, 2020
Walmart MoneyCard Adds 2% High Yield Savings Account, Free Cash Deposits, and Family Accounts
Walmart together with Green Dot announced updated features and benefits for the Walmart MoneyCard Reloadable Debit Card program. The Walmart MoneyCard, issued by Green Dot Bank, member FDIC, will now provide accountholders with a 2% annual percentage yield on money saved in the integrated savings account, up to four additional MoneyCards for family members 13 years of age and older, free cash deposits, and the ability to add money to your card from an existing bank account. > See Article
May 26, 2020
Repay Announces Public Offering of Common Stock
Repay Holdings Corporation announced that it has commenced an underwritten public offering of 8,000,000 shares of Repay´s Class A common stock, subject to market and other conditions. In conjunction with the offering, the company intends to grant to the underwriters a 30-day option to purchase up to 1,200,000 additional shares of Repay´s Class A common stock. > See Article
May 22, 2020
CieloPay Enhances Loyalty and Reward Offerings in Strategic Partnership with ShoppingBoss
CieloPay, a Cielo Global Holdings portfolio company, has announced a strategic partnership with Broadway Media Group, Inc. dba ShoppingBoss, offering turnkey solutions that allow companies to provide cash back to customers for purchases made in store and online. This solution provides true value for businesses to engage and reward while significantly increasing customer retention and referrals. > See Article
May 22, 2020
Experian Announces Breakthrough Solution in the Fight Against Synthetic Identity Fraud
To combat a growing threat that´s expected to drive $48 billion in annual online payment fraud losses by 2023, Experian announced the launch of Sure Profile. Experian is the first company with an offering to combat synthetic identity fraud that is integrated into the credit profile with market-leading assurance. With Sure Profile, Experian is putting "skin-in-the-game" by sharing fraud losses with the lender if the losses occur on assured profiles. > See Article
May 21, 2020
Lightspeed Announces Fourth Quarter and Full Year 2020 Financial Results
Lightspeed POS Inc. announced financial results for the 3- and 12-month periods ended March 31, 2020. In the month of March, Lightspeed saw record uptake of Lightspeed eCommerce, Lightspeed Delivery, and Lightspeed Payments platforms as retailers and hospitality businesses worldwide adopted new sales channels to continue reaching customers amidst the outbreak of Covid-19. Fourth quarter financial Highlights included total revenue of $36.3 million, an increase of 70% > See Article
May 21, 2020
Groupe Dynamite Partners with PayBright to Offer Interest-Free Installment Payments in Canada
Groupe Dynamite, a leading Canadian fashion retailer, announced its partnership with PayBright, Canada´s leading provider of installment payment solutions. Through this new partnership, Canadian shoppers on www.dynamiteclothing.com and garageclothing.com can now select PayBright´s installment payment option at checkout. Groupe Dynamite is offering PayBright´s Pay in 4 installment plan: 4 bi-weekly interest-free payments for purchases starting at $35. > See Article
May 21, 2020
Judopay, a leading mobile-first payment provider, announced that together with Mastercard, it will enable The Pharmacy Centre to take safe and secure payments through its new PaybyLink solution, as well as other digital payments. The partnership allows The Pharmacy Centre to promote greater inclusion and flexibility during the ongoing Covid-19 outbreak and any similar events in the future, ensuring that people have online access to the essential supplies they need during lockdown. > See Article
May 21, 2020
Equifax Inc. announced a new Response Digital solution suite designed to help businesses of all sizes move online as they work to create and maintain effective customer relationships in a socially distanced society. The offering is built on the understanding that the coronavirus has redefined consumer expectations for the digital experience. Response Digital provides a variety of digital marketing, identity trust, and fraud prevention capabilities required for online commerce. > See Article
Payment Industry’s Response to Covid-19—Part 3 Governments worldwide are taking steps to reopen their economies to retail commerce, manufacturing,...
