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

Entrust Acquires HyTrust, Expanding Encryption, Key Management and Security Posture Management for Virtualized and Multi-Cloud Environments

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 Customers Pay No Fees, Earn 2% Cash Back on Common Everyday Expenses and Qualify for Better Lending Rates

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 Pioneers Cloud Tap on Phone, Its First Pilot of Cloud Point of Sale (POS) Acceptance Technology

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

ACI Worldwide and JCB Boost Merchant Acquiring Capabilities with Successful Global Rollout of Web API Payment Solution

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

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