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

Binance and Mastercard Launch Prepaid Card in Argentina to Bridge Cryptocurrencies and Everyday Purchases

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 Launch New Instacart Mastercard Credit Card Unlocking New Rewards and Unlimited Earnings from Hundreds of Retailers

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

Marriott Bonvoy and American Express Enhance Small Business Card with Refreshed Travel, Business and Global Dining Rewards

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

ACI Worldwide and IR Partnership Unlocks Insights through Real-Time Enterprise Transaction Monitoring

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 Brings Modern Card Issuing to Transit Vertical, Partnering with Mastercard Prepaid Managed Services (MPMS)

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

Datacap Systems and Pax Technology Join Forces to Provide Multiprocessor Attended and Unattended Solutions

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

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