Industry News
The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.
Aug 10, 2022
Wise and Plaid Launch Open Finance Agreement to Enable Secure Financial Connectivity
Wise customers can now connect their accounts to more than 6,000 apps powered by Plaid via Core Exchange, the data network´s newest open finance solution. > See Article
Aug 10, 2022
Finix Raises an Additional $30M to Become the Payment Provider of Choice for Software Platforms
New and existing investors, including The General Partnership (TheGP), Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, Vamos Ventures and more participated in the round. > See Article
Aug 9, 2022
Western Union and Visa Bolster Their Global Partnership
Western Union has expanded its integration with Visa Direct, enabling US customers to send money to Visa debit cardholders in six countries via digital and retail channels. > See Article
Aug 9, 2022
Jack Henry & Associates to Acquire Payrailz
Jack Henry & Associates announced that it has entered into a definitive agreement to acquire Payrailz, adding the company´s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry´s payment ecosystem. > See Article
Aug 9, 2022
Idex Biometrics and Reltime to Launch Next-Generation Web3 Biometric Card
The all-in-one, EMV1-compliant biometric payment card includes cold storage and digital asset wallets, combined with digital identification. It is expected to reach the market in the first half of 2023. > See Article
Aug 9, 2022
Apple Pay Launches in Malaysia
Apple today announced customers in Malaysia can now use Apple Pay with their iPhone, Apple Watch, iPad and Mac. > See Article
Aug 8, 2022
Infinicept Launches Infiniport, Enabling "Bring Your Own Processor" for Embedded Payments
Infinicept has announced the launch of Infiniport, a single, open payment operations capability that allows clients to interface with any processor or alternative payment rail they choose. > See Article
Aug 5, 2022
ACI Worldwide and Cardnet Team Up to Modernize Digital Payments in Japan
ACI Worldwide has announced an agreement with Japan´s leading central domestic payment network, Japan Card Network, Inc., Cardnet, to modernize its digital payments infrastructure. > See Article
Aug 4, 2022
Argentina is the first country in Latin America to have the product. The Binance Card is part of the company´s ongoing efforts towards furthering global cryptocurrency adoption in a tangible manner. The product is in beta phase and will be widely available in the coming weeks. > See Article
Aug 4, 2022
PayIt Announces $90M Growth Investment from Macquarie Capital Principal Finance
The new financing will support PayIt´s continued growth and product innovation. Macquarie Senior Managing Directors Larry Handen and Jared Doskow will join PayIt´s Board of Directors, alongside global software investor Insight Partners and Weatherford Capital. > See Article
Aug 3, 2022
Disney Settles Credit Card Fees Suit Days After Filing
Less than a week after suing, Disney has settled an antitrust lawsuit against Visa and Mastercard accusing the credit card companies of charging bloated processing fees. According to a court document filed Wednesday, Disney moved to dismiss the suit. Terms of the deal weren´t disclosed. > See Article
Jul 22, 2022
Instacart and Chase have launched the new Instacart Mastercard credit card, with Mastercard as the exclusive payment network. With this first-ever credit card from Instacart, cardmembers can earn unlimited cash back with a range of redemption options, along with additional rewards and benefits. > See Article
Jul 21, 2022
The card now provides new and existing cardholders with a 7% room rate discount on eligible bookings at hotels participating in Marriott Bonvoy, 4X Marriott Bonvoy points at restaurants, now worldwide, and complimentary Gold Elite status, in addition to all the card´s existing benefits. > See Article
Jul 21, 2022
The announcement of full enterprise monitoring capabilities follows more than two decades of a successful partnership between ACI and IR. > See Article
Jul 20, 2022
Marqeta was named as the payment processor of choice for Opal Plus, the new transit program for Transport for NSW, in partnership with Mastercard Prepaid Managed Services. > See Article
Jul 20, 2022
G+D Pledges to End the Use of Virgin Plastic in Payment Cards by 2030
Giesecke+Devrient (G+D) pledges to replace all virgin plastic in its payment card products by 2030 at the latest to further support consumers and banks to fulfill their own sustainability aspirations. > See Article
Jul 20, 2022
Airwallex Launches Online Payment App on Shopify
This new app is offered through Airwallex´s payment acceptance solution that covers a wide range of payment methods. > See Article
Jul 19, 2022
Fidelity Payment Services Announces Strategic Growth Investment from PSG
Fidelity Payment Services has announced a strategic growth investment from PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth, with participation from existing investor H.I.G. Growth Partners. > See Article
Jul 19, 2022
NCR, Veritas Capital Enter Exclusive Talks
Veritas Capital, a private equity firm, has entered exclusive talks with NCR Corp. to acquire the company, according to a report today in The Wall Street Journal. > See Article
Jul 19, 2022
Pax and Datacap can now provide point-of-sale technology partners with a ready-to-install integration into Pax´s PxRetailer software, coupled with Datacap´s universal payment orchestration platform, NETePay Hosted, a multi-processor gateway that consolidates payments, tokens and data across brick-and-mortar, ecommerce, mobile and unattended environments. > See Article
Fighting fraud is expensive for online merchants. At merchants that sell physical goods, the combined cost of packaging and shipping, implementing fraud...
