Industry News

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

Dec 2, 2021

SnapCheck Enters Definitive Agreement to be Acquired by Payroc

By combining the transformative SnapCheck platform with Payroc´s ACHeck21 Fintech Cloud solution, the buyer foresees the emergence of an entirely new dimension in payments. > See Article

Dec 2, 2021

Splitit: Record Quarterly MSV Delivered with One Month Remaining

The company reached a record MSV performance in Q4 2021 with quarter-to-date (QTD) MSV of US94M to 30 November 2021, already surpassing Splitit´s previous record full quarter, with one month remaining. > See Article

Dec 2, 2021

i2c Partners with Beyon Money and Visa to Launch First Open Banking Super App in Bahrain

Backed by a recently secured, first-of-its-kind open banking license from the Central Bank of Bahrain, the Beyon Money super app will host a digital wallet that enables retail, bill and peer-to-peer payments for its users, connects to bank accounts through open banking, delivers financial insights and provides digital remittances. > See Article

Dec 1, 2021

ACI Worldwide Drives Payments Innovation for PayPoint

PayPoint, a long-standing customer, will utilize ACI Acquiring, a secure and scalable solution to deliver digital innovation and capabilities to accept both traditional and alternative payment methods. > See Article

Dec 1, 2021

Simpl Announces $40M in Series B Funding

The investment round, led by Valar Ventures & IA Ventures with participation from LFH Ventures and other internal investors, brings the total capital raised by the company to $83M. > See Article

Dec 1, 2021

Opy to Offer Next Generation Buy Now, Pay Smarter (2.0) Solution to U.S. American Express Customers for Healthcare and Auto Repair

The agreement allows cardmembers to use their American Express cards to make installment payments with participating healthcare and auto repair & maintenance merchants via Opy´s 2.0 version of BNPL, a buy now, pay smarter (BNPS) solution. > See Article

Dec 1, 2021

Ally Financial Closes Acquisition of Credit Card Platform Fair Square Financial

The Fair Square team brings 86 employees to Ally, alongside approximately 693,000 cardholders and $816 million in loan balances. > See Article

Dec 1, 2021

BrandSource Buying Group Adds TD Retail Card Services as Financing Partner

BrandSource´s network includes more than 4,500 locally owned appliance, electronics, bedding, home furnishings and floor covering stores across the U.S. > See Article

Dec 1, 2021

PayGround Announces Public Release of Mobile App

The mobile app enables patients and their dependents to manage and pay bills from all of their healthcare providers in one place--a disruptive offering in the healthcare payments industry. > See Article

Nov 30, 2021

EVO Payments and Bank of Ireland Renew Exclusive Alliance Agreement for Merchant Acquiring and Payment Processing Services

EVO and Bank of Ireland will continue to provide payment services according to the exclusive marketing alliance, which operates under the name BOI Payment Acceptance (BOIPA). BOIPA was formed in 2014. > See Article

Nov 30, 2021

New England Federal Credit Union Selects PSCU for Credit and Debit Processing Support

PSCU will begin providing credit services to NEFCU in 2022 and debit services in 2023. > See Article

Nov 29, 2021

Mastercard SpendingPulse: Thanksgiving Weekend Retail Sales +14.1% Year Over Year

According to Mastercard SpendingPulse, which measures overall retail sales across all payment types including cash and check, in-store sales rebounded, increasing +16.5% year over year (YOY) while ecommerce sales experienced sustained growth up +4.9% YOY for the weekend running Friday, November 26 through Sunday, November 28.  > See Article

Nov 29, 2021

Interac Selects Microsoft Azure for Digital Payment Solution Development in Canada

Interac Corp. has announced an agreement with Microsoft to use Microsoft Azure´s cloud capabilities to securely manage the continued growth of digital transactions, enabling greater innovation and ultimately faster payments. > See Article

Nov 29, 2021

BOB Financial, NPCI and JCB Partner to Launch Bank of Baroda Credit Cards on RuPay Platform

Beginning with the Easy and Premier variants, the BoB-RuPay credit cards are set to offer a host of benefits to the customers. > See Article

Nov 29, 2021

Bolt Acquires Tipser and Launches Remote Checkout

Building upon Tipser´s technology, Bolt will be leveraging Tipser´s turnkey publisher marketplaces, touchless merchant integrations and headless implementation capabilities to enhance Bolt´s Remote Checkout solution. > See Article

Nov 26, 2021

Global Fintech, Jeeves and Mastercard Join Forces to Offer Fully Locally Issued Physical and Virtual Cards for Mexican Businesses

Jeeves is the first and only expense management and business banking company in Mexico that is a fully approved Mastercard Principal Member with both physical and virtual cards.  > See Article

Nov 26, 2021

WhatsApp Wins Approval to Double Payment Offering to 40M Users in India

The company had requested that there should be no cap on users of its payment service in India. Instead, the National Payments Corporation of India (NPCI) this week told the company it could double the user base to which it can offer its payment service--currently restricted to 20 million--the source said. > See Article

Nov 25, 2021

Ingenico, a Worldline Brand, Launches PPaaS, Its Payment Platform as a Service Offer

Seamlessly combining payment solutions and third-party services, PPaaS empowers acquirers and independent software vendors (ISVs) to enable merchants to create compelling commerce and payment options for their customers, bringing instore what has up to now only been possible online. > See Article

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