Industry News
The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.
Jan 14, 2021
By acquiring HyTrust, Entrust adds a critical management layer for encryption, cryptographic keys and cloud security policy to its digital security solutions, serving the data protection and compliance needs of organizations accelerating their digital transformations. > See Article
Jan 14, 2021
Upgrade charges no fees and lets customers earn 2% cash back on common everyday expenses and recurring payments and 1% cash back on all other debit charges. Qualifying customers also enjoy up to 20% lower rates on Upgrade loans. > See Article
Jan 13, 2021
Affirm Announces Pricing of Initial Public Offering
Affirm is offering 24,600,000 shares of its Class A common stock at a price of $49.00 per share. > See Article
Jan 13, 2021
Walgreens Expands Financial Services Business Strategy, in Partnership with Synchrony and Mastercard
In the coming months, Walgreens will launch credit cards, issued by Synchrony, as well as a prepaid debit card, both of which will be powered by the Mastercard network. > See Article
Jan 13, 2021
Payments Start-Up Rapyd Doubles Valuation to $2.5 Billion as Covid Turbocharges Growth
Rapyd has raised $300 million in a mega funding deal, lifting its valuation to $2.5 billion--more than double the $1.2 billion Rapyd was worth in a 2019 funding round. > See Article
Jan 13, 2021
Relay Payments Raises $43 Million in New Funding to Transform Transportation Payments
The company currently processes more than 150,000 transactions every month, totalling over $300M+ in volume annually. > See Article
Jan 12, 2021
Fingerprint Cards AB´s Slim Mobile Sensor First to Achieve EMVCo Approval for Secure Mobile Payments
Fingerprint´s slim mobile sensor, FPC1541, has been successfully evaluated in line with the EMV Consumer Device Cardholder Verification Methods (CDCVM) security requirements. > See Article
Jan 12, 2021
Checkout.com Triples Valuation to $15bn with $450m Series C Fundraise, Accelerating Global Expansion
This gives the business a post-money valuation of $15 billion, making it the fourth largest fintech globally and EMEA´s most valuable venture-backed business, as the business continues to expand across the globe. > See Article
Jan 12, 2021
Billtrust and South Mountain Merger Corp. Announce Closing of Business Combination
Upon completion of the business combination, South Mountain changed its name to "BTRS Holdings Inc.," and its Class 1 common stock and warrants are expected to begin trading on the Nasdaq Global Select Market and the Nasdaq Capital Market under the symbols "BTRS" and "BTRSW," respectively, commencing January 13, 2021. > See Article
Jan 12, 2021
Worldline Launches Data-as-a-Service Platform for Online Payments
The state-of-the-art solution called ingenico Insight features machine learning and data science capabilities for payments combined with an intuitive and tailored user experience. > See Article
Jan 12, 2021
Visa and Plaid Announce Mutual Termination of Merger Agreement
Visa and Plaid have terminated their merger agreement and agreed with the Department of Justice to dismiss the litigation related to the proposed transaction. > See Article
Jan 12, 2021
Modern Treasury Raises $38M to Enable Faster, More Efficient B2B Payments
The funding occurs amid explosive growth for Modern Treasury´s payment operations and treasury management solutions, which enable companies to instantly close books with Continuous Accounting, manage payments and banking through a single platform, and have complete cash visibility. > See Article
Jan 12, 2021
Curve Closes $95m in Equity as It Plans U.S. Launch
Curve will deploy the investment to expand internationally, including to the U.S., and to deepen its European reach. > See Article
Jan 11, 2021
EVO Payments Expands Omnichannel Capabilities with NetePay Hosted and TranCloud from Datacap Systems
The Datacap NetePay Hosted and TranCloud software applications support all payment types, including card-present and card-not-present transactions, and allow EVO’s merchants to consolidate payments across all channels with transaction tokens and token sharing across chains for both in-store and ecommerce transactions. > See Article
Jan 11, 2021
Fiserv Expands Surcharge-free MoneyPass ATM Network to Capital One Customers
Capital One 360 Checking customers will be able to conduct unlimited surcharge-free transactions at 34,000 additional MoneyPass ATMs nationwide. Full availability for Capital One customers is anticipated in mid-January 2021. > See Article
Jan 11, 2021
Citizens Deepens Point-of-Sale Financing Offering with Launch of Citizens Pay
Citizens Pay provides low fixed monthly payments through a virtual line of credit that can be used for repeat purchases without a new credit application or managing multiple loans. > See Article
Jan 11, 2021
NCR Confirms Offer to Acquire Cardtronics for $39.00 Per Share in Cash
NCR Corporation (NYSE: NCR), a global enterprise technology provider for the financial, retail and hospitality industries, today confirmed that it has submitted an offer to acquire all outstanding shares of Cardtronics for $39.00 per share in cash. > See Article
Jan 11, 2021
Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with Computer Engineering Group (CEG), a California-based independent IT services provider. > See Article
Jan 11, 2021
JCB has completed the successful global rollout of its JCB Web API Service. > See Article
Jan 10, 2021
Philippine Mobile Wallet GCash Raises Over $175 Million in New Capital
GCash has raised more than $175 million in capital from New York-based private equity fund Bow Wave Capital Management. The capital injection raises the valuation of GCash to close to $1 billion, according to Globe´s disclosure to the stock exchange on Monday. Bow Wave now has a 14% stake in Mynt, which operates GCash. > See Article
The merchant acceptance networks of Visa and Mastercard continued to be the largest among the global card brands at the end of the third quarter of 2020...