Industry News

The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.

Nov 29, 2022

Visa and GoHenry Announce Global Partnership to Accelerate Financial Education for Children and Teens

Visa will provide support as the exclusive global network partner for GoHenry´s prepaid cards for kids and teens in the US, the UK and Europe. > See Article

Nov 28, 2022

OpenWay Launches Card- and Wallet-as-a-Service Platform for CaaS Providers Across the Globe

The solution, based on the Way4 digital payment platform, is designed for CaaS providers as a digital-first customer payment experience. Services already launched are carbon footprint trackers for each cardholder, card-based distribution of social aid to financially vulnerable populations, financial inclusion for unbanked population via cards and wallets, no-plastic digital-only cards via mobile apps and eco-friendly paperless ATM receipts. > See Article

Nov 23, 2022

TD Bank Announces Multiyear Extension of Credit Card Partnership with Nordstrom

TD will continue providing card products and experiences to Nordstrom customers as the exclusive issuer of Nordstrom´s US Visa and private label consumer credit cards. > See Article

Nov 22, 2022

Sella Group Launches Biometric Payment Cards in Italy with Idemia on Idex Biometrics TrustedBio Solution

Sella Group in Italy has launched biometric payment cards in collaboration with Idemia, powered by Idex Biometrics´ sensor solution. The launch follows the recent announcement from Idex Biometrics of a major UAE bank launching a full-scale biometric payment card program in the Middle East. > See Article

Nov 21, 2022

ACI Worldwide and NTT Data Collaborate to Boost eCommerce Growth in Europe and Latin America

ACI Worldwide will integrate ACI Secure eCommerce into its technology solutions portfolio, expanding access to hundreds of local and cross-border acquirers and new card, digital and mobile payment methods for merchants in Europe and Latin America. > See Article

Nov 17, 2022

Galileo to Power Fintech Pomelo´s Remit Now, Pay Later Credit Card to Boost Financial Access

Galileo´s API-enabled financial technology is being used to power Pomelo, a new charge card that allows families in the US to make it easier to offer credit to friends and family overseas by combining credit with money transfers. > See Article

Nov 17, 2022

TIS Introduces Domestic Payment Orchestration & Smart-Routing Capabilities

Treasury Intelligence Solutions (TIS) announced the launch of a new domestic payment orchestration program. It will allow enterprises operating in certain localities, such as the US, to streamline payment activity across their domestic network of suppliers, vendors and partners. > See Article

Nov 16, 2022

American Express and Square Partner to Create First Credit Card for Square Sellers

Square Credit Card will run on the American Express network and will be integrated with Square´s other payment solutions. It will be available in the US and issued by Celtic Bank. > See Article

Nov 16, 2022

FreedomPay Announces Integration with Castles Technology to Expand Commerce Offering Globally

FreedomPay will offer Castles´ all-in-one Android SmartPOS terminal beginning in the first quarter of 2023. Terminals support loyalty programs and offer data analytics.   > See Article

Nov 16, 2022

Belk and Synchrony Expand Financing Options for Customers

Belk has added Synchrony´s SetPay monthly, a buy now, pay later financing option. Synchrony already provides Belk+ Rewards credit cards. To use SetPay financing at checkout, customers can scan a QR code in-store to complete an application on their own device. They can then select their preferred loan terms from the options provided and use a one-time use to make their purchase. > See Article

Nov 16, 2022

Global Airline Emirates Selects Uplift as Buy Now, Pay Later Solution

Uplift, a BNPL solution serving both travel and retail brands, has an exclusive partnership with Emirates for customers in the US and Canada. There are no fees, including no late fees or prepayment penalties, and travel can happen before customers complete their payments. > See Article

Nov 16, 2022

Annual LexisNexis Risk Solutions Report Finds Fraud Costs Up from Pre-Pandemic Levels Across US and Canadian Financial Services Firms

Every $1 lost to fraud now costs US financial services firms $4.23 compared to $3.64 in 2020, a 16.2% increase. The cost for Canadian financial services firms rose 19.6%, from $3.16 in 2020 to $3.78 in 2022. > See Article

Nov 15, 2022

Amount Joins the Mastercard Engage Partner Network for Open Banking

Amount will support Mastercard cardholders in quickly building and deploying financial services solutions using Mastercard´s open banking platform for new and improved payments and lending decisioning at scale. > See Article

Nov 15, 2022

Nuvei Accelerates Roll Out of Embedded Payment Solution

The Canadian fintech company has launched Nuvei for Platforms, a payment solution that is being rolled out globally. The fully customizable product enables businesses to embed payments into their own platforms as either a Nuvei branded or white-label offering. > See Article

Nov 15, 2022

Japan Unicorn Opn buys MerchantE to enter US Online Payment Sector

Digital payment processor Opn, a rare Japanese unicorn, or startup worth more than $1 billion, said on Tuesday it had acquired MerchantE from US investment firm Integrum Holdings, making inroads into the US online payment sector. > See Article

Nov 15, 2022

Japan unicorn Opn buys MerchantE to enter U.S. online payment sector

Digital payments processor Opn has acquired MerchantE from US investment firm Integrum Holdings, making inroads into the US online payment sector.  A source familiar with the transaction said the U.S. payment processing provider was sold for approximately $400 million. > See Article

Nov 15, 2022

Payway Announces Support for American Express Cardrefresher

Previously, Amex had handled its own card updates for customers, but the organization has now shared its API so payment solution providers, like Payway, can offer this service to customers. Cardrefresher keeps American Express Cards in a customer´s system up to date--sending updates to processors, which keep track of recurring billing and card-on-file data. > See Article

Nov 15, 2022

Bolt Announces Quick Checkout for Adobe Commerce and Magento Open Source Users

Bolt has made its Quick Checkout solution available for Adobe Commerce and Magento Open Source users. Quick Checkout adds mobile-friendly, passwordless checkout experiences. > See Article

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