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, 2019

Alliance Data Signs New Multiyear Private Label Credit Services Agreement with Leading Children´s Clothing Company Carter´s

Alliance Data will provide private-label credit card services for the U.S. Retail segment of Carter´s, North America´s largest branded marketer of apparel exclusively for babies and young children. > See Article

May 22, 2019

ID Analytics Introduces Credit Optics Full Spectrum Portfolio to Provide Lenders with Greater Visibility into Customer Credit Behavior

Credit Optics´ Full Spectrum Portfolio, the latest extension of the company´s FCRA-compliant credit score solutions, is designed to help organizations identify more growth opportunities and better manage risk within their existing customer base.  > See Article

May 22, 2019

Green Dot Announces That It Has Entered into an Accelerated Stock Repurchase Program to Purchase a Total of $100 Million of its Class A Common Stock

Under the agreement, Green Dot will receive an initial delivery of approximately 1.7 million shares.  > See Article

May 22, 2019

Chase and Visa Provide an Easier Way to Get Around New York City with a Tap

Chase customers can soon benefit from an easier way to get around town by tapping their Visa contactless cards to ride New York City´s subways and buses, removing the need to stand in line to purchase or load a separate transit card. > See Article

May 22, 2019 Launches Industry’s First AI-Enabled Business Payment Platform with End-to-End Workflow Automation

The new Intelligent Business Payment Platform streamlines and controls payment processes while saving SMBs and midsized companies time and reducing human error. > See Article

May 22, 2019

TransferWise Just Doubled Its Valuation to $3.5 billion--and It Points to a Strong Public Listing

The secondary share round was led by Lead Edge Capital, Lone Pine Capital, and Vitruvian Partners, while existing investors Andreessen Horowitz and Baillie Gifford increased their holdings. > See Article

May 22, 2019

Entrust Datacard Helps Bureaus Accelerate and Automate High-Volume Card Delivery

Entrust Datacard´s new options include vertical card placement, a card carrier sorter module, and an envelope insertion system. > See Article

May 22, 2019

Mastercard and Interac Collaborate to give Canadians a Fast, Simple, and Secure Way to Send Money Globally

By leveraging Mastercard Send, a push-payment service that powers a faster, better, smarter way to send money cross border, the Interac e-Transfer platform will allow customers to send money from Canada to bank accounts internationally, starting with Europe.   > See Article

May 21, 2019

Turning Armchair Travellers into Actual Tourists with Instant Financing

Giving consumers the opportunity to ease the financial burden of booking a holiday and helping enhance the travel planning experience, has partnered with Divido and Mastercard to launch instant financing options, which let retailers and businesses offer eligible customers the opportunity to spread the cost of their purchases over a period of time using installments. > See Article

May 21, 2019

Marqeta Completes $260 Million Series E Fundraise, as Its Modern Card Issuing Platform Takes on Global Scale

This new funding values Marqeta at nearly $2 billion. It will use the round to accelerate its expansion plans, both domestically and in key global markets. > See Article

May 21, 2019

Cryptomathic Acquires Aconite Technology

The acquisition will enable the two firms to leverage their combined expertise to drive innovation in the space and better answer global demand for their services. > See Article

May 21, 2019

EML Payments Acquires Flex-e-Card Limited to Become the Largest Provider of Shopping Mall Gift Card Programs Globally

FEC is a fintech company providing the shopping mall sector with gift card solutions, servicing 226 shopping centres under contract through Europe (principally the United Kingdom, Ireland, Poland, Italy, and Finland), and the United Arab Emirates. > See Article

May 20, 2019

Bank of America Merchant Services to Provide Payment Processing for Sezzle, a "Buy Now, Pay Later" Technology Leader

Through Sezzle´s platform, shoppers are able to spread payments out over six weeks, at no additional cost. Sezzle pays its merchant client in full, upfront, and assumes all repayment risk. > See Article

May 20, 2019

ACI Worldwide Transforms Payments and Security for Chile´s Largest Acquirer

Transbank, the largest acquirer in Chile and an existing ACI customer, is now taking advantage of ACI´s UP Retail Payments solution to offer differentiated services to businesses, maintain a competitive edge in the market, and better comply with local card scheme mandates. > See Article

May 19, 2019

TransferMate Announces Strategic Relationship with Wells Fargo

TransferMate has built a strategic relationship with Wells Fargo Bank to deliver Global Invoice Connect, a platform that provides electronic bill presentment in U.S. dollars or in a customer´s local currency. > See Article

May 17, 2019

JPMorgan Chase to Acquire InstaMed to Expand Capabilities in Healthcare Payments

InstaMed´s secure centralized platform alleviates a number of challenges in the healthcare payments industry, with particular focus on eliminating paper, improving the consumer financial experience, and reducing costs to collect payments. > See Article

May 16, 2019

U.S. Online Banking Platform Azlo and Kabbage Collaborate to Power Automated Small Business Lending Program "Mission Street Capital"

Mission Street Capital provides small business banking with Azlo access to loans of up to $250,000 through Kabbage. > See Article


Credit Card Debt per Household Reaches Another High Credit card debt of $1.124 trillion at year-end 2018 was the total of outstanding receivables tied...