Industry News

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

May 23, 2023 Becomes the First Global Payment Platform to Secure Acquiring License from the UAE Central Bank, the global payment service provider, has been granted a Retail Payment Services license from the Central Bank of the United Arab Emirates. > See Article

May 22, 2023

Grupo Xcaret and CellPoint Digital Join Forces to Revolutionize the Payment Experience in Mexico´s Travel Industry

CellPoint Digital, a leading payment orchestration platform provider, has been appointed as a strategic partner to Grupo Xcaret, one of Mexico´s largest entertainment, travel and hospitality firms, to deliver its orchestration platform to Xcaret´s four million customers each year. > See Article

May 22, 2023

ACI Worldwide to Offer Banks New Cross-Border, Real-Time Payment Services

ACI Worldwide has added Swift Go to its cross-border payments offering. > See Article

May 22, 2023

Fifth Third Announces Acquisition of Rize Money, Inc.

Fifth Third Bancorp is pleased to announce the acquisition of Rize Money, Inc., an embedded payment platform that provides payment infrastructure and risk management capabilities to fintechs and other technology companies. > See Article

May 21, 2023

Australia Hits Buy Now, Pay Later Sector with Consumer Credit Law

Australia said it would regulate buy now, pay later (BNPL) services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in what would be one of the world´s toughest regimes for the startup sector. > See Article

May 19, 2023

Repay Announces Integration with Q2’s Digital Banking Platform

Repay Holdings, a payment provider, has integrated with Q2´s Digital Banking Platform via the Q2 Partner Accelerator Program. > See Article

May 18, 2023

Splitit and APPS Announce Partnership to Simplify ISO & ISV Installment Payments

Splitit, the only white-label service allowing customers to pay by installments using their existing credit on a payment card, has partnered with Atlantic-Pacific Processing Systems, a provider of payment services, to deliver integrated card-based installment payments. > See Article

May 17, 2023

i2c Partners with Access Finance AD to Expand Juzt Credit Program to the US

i2c Inc., a leading provider of digital banking and payment solutions, today announced its partnership with Access Finance, a leading credit card provider in Bulgaria and a part of the Management Financial Group portfolio, to expand its Juzt Mastercard credit program to the United States. > See Article

May 16, 2023

Fortis Expands Strategic Partnership with Sage to Provide Superior ERP Experience with Integrated Payments

Fortis, a provider of payment and commerce technology for software providers, marketplaces and scaling businesses, has become a recommended payment partner of Sage, a provider of accounting, financial, HR and payroll technology for small and midsized businesses.  > See Article

May 15, 2023

Fifth Third Completes Acquisition of Big Data Healthcare

Fifth Third Bancorp has closed the acquisition of Big Data LLC, a provider of technology for healthcare payments and remittance. > See Article

May 12, 2023

Mastercard Ramps Up Fraud Protection for eCommerce Merchants by Integrating Vesta Solutions into Mastercard Payment Gateway Services

The partnership offers MPGS customers access to Vesta´s Payment Guarantee and Payment Protect services. Users that opt-in can expect higher transaction approval rates. > See Article

May 11, 2023

Idex Biometrics Continues Expansion of Biometric Payment Cards with a Third Issuer in Turkey

Idex Biometrics continues the expansion of biometric payment card programs with another Turkish issuer. Cards from this innovative issuer focused on premium financial products will be available throughout Turkey as of the fourth quarter of 2023. > See Article

May 11, 2023

Bango, TPay, and Etisalat Egypt launch Direct Carrier Billing with Google to Enable In-App Purchases and Subscriptions for over 30 Million Subscribers

The collaboration will create an easier experience for Android users to purchase apps, games and digital content on their devices on Google Play. > See Article

May 10, 2023

Petal Raises $35 Million in New Funding, Spins Off B2B Data Analytics Unit Prism Data

Credit card and financial technology company Petal announced today that it has raised $35 million in new funding and has spun off its B2B-focused data infrastructure and analytics subsidiary, Prism Data. > See Article

May 10, 2023

Citi Retail Services Expands Embedded Payment Capabilities with Citi Pay

Citi Retail Services is expanding its embedded payments strategy with its suite of Citi Pay products. > See Article

May 10, 2023

Fisher-Price Partners with Concerto Card Company to Launch New College Savings Mastercard

By working in concert with 529 education savings plans, the Fisher-Price College Savings Mastercard allows families to earmark savings for a wide range of academic needs for their children, while also taking advantage of several tax benefits. > See Article

May 9, 2023

Visa’s Blockchain-Based Innovations Can Take Small Businesses to the Next Level

Visa is one of nine finalists tasked with exploring innovative blockchain-based use cases for the Real Digital, Brazil´s central bank-issued digital currency, or CBDC. The company partnered with Agrotoken, Microsoft and Sinqia to develop its submission. > See Article

May 9, 2023

Affirm Holdings (AFRM) Reports Q3 Loss, Tops Revenue Estimates

Affirm Holdings reported a quarterly loss of $0.69 per share, which compares to loss of $0.19 per share a year ago. This quarterly report represents an earnings surprise of 24.18%. > See Article

May 9, 2023

TD Bank Introduces Two New Credit Cards with Launch of Revamped Portfolio

The launch introduces TD Clear, a no-interest credit card that charges a simple monthly fee--the first of its kind in the U.S. market--as well as TD FlexPay, TD´s most flexible credit card to date with increased payment flexibility and generous balance transfer offers.  > See Article

Today's Download: The Current Issue

The number of merchants that have connections to messaging platforms just as they have connections to payment processors is growing. Authvia owns US patents...