Industry News

Airwallex merchants in Australia, Europe, Hong Kong, Singapore and the US can now accept payments from Discover and Diners Club cards. More than 150,000 businesses worldwide use Airwallex services including payments, treasury, spend management and embedded finance.

Yondr Money, an Australia-based banking-as-a-service (BaaS) platform provider, has signed an exclusive a principal issuing deal with Mastercard for debit and prepaid cards. Modules available from Kobble, Yondr Money’s platform, deliver cards-as-a-service, wallets-as-a-service, payments-as-a-service and other financial services.

Perpay, a company focused on providing financial products to consumers who have nonprime credit scores, has launched the Perpay Credit Card. The unsecured Mastercard product links directly to a cardholder’s paycheck to automatically pay card balances, which helps improve credit scores. Celtic Bank is the card issuer. Marqeta handles card account processing, related support services and rewards.

CPI, the largest US-based payment card manufacturer and the fourth largest worldwide, has acquired Arroweye Solutions, a payment card provider that focuses on personalization and instant issuance, including digital cards. The company’s production capabilities eliminate the need for customers to hold inventory and allows for rapid turnaround times. CPI paid $45.6 million in cash.

U.S. Payment Forum has released a white paper, “Optimizing EMV Testing and Certification: Automation Strategies for Streamlining Payment Acceptance.” The white paper is available for download, free of charge, on the U.S. Forum’s website. for your free download click here.

DLocal will provide access to payment processing as well as local payment methods in more than 40 emerging markets to global customers of PayPal Enterprise Payments (formerly Braintree). The markets are in Latin America, EMEA and Asia-Pacific.

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Chargeflow has added ChargeFlow Connect to its chargeback automation system for online commerce. Chargeflow Connect enables payment providers, payment facilitators, ISOs and fraud prevention platforms to offer merchants natively-integrated, end-to-end chargeback automation, alerts and insights. Data security certification includes SOC 2 Type II. The technology is GDPR compliant. More than 15,000 merchants worldwide use Chargeflow technology.

Electronic Merchant Systems (EMS) will offer its US merchants Tap to Pay on iPhone through an integration with Paysley, provider of a mobile payment platform. Merchants can accept in-person payments from credit cards, debit cards and Apple Pay using their iPhone and the Paysley app.  EMS serves more than 30,000 in-store, online and omnichannel merchants. Paysley also supports invoicing, inventory management and online marketing campaigns.

Samsung Electronics America will add a Tap to Transfer feature to the Samsung Wallet to support peer-to-peer money transfers in the US. The feature leverages contactless-enabled Visa or Mastercard debit cards stored in the wallet. No additional app is needed. Funds availability is supported by Green Dot Bank.

Deluxe will provide merchants that use its payment processing service with end-to-end accounts payable (AP) processing support, from invoice capture through final payment, leveraging an integration with Square 9.

BigCommerce, provider of an open SaaS ecommerce platform used by brands, retailers, manufacturers and distributers in 150 countries, has selected Klarna as a preferred partner for flexible payments. Klarna will offer Pay in 4 for purchases that buyers can split into four interest-free payments. Also available will be Fair Financing, installment payment plans that buyers can use to finance larger purchases. There are more than 93 million Klarna users worldwide. The company handles 2.9 million transactions a day.

Brite Payments’ open banking-based A-2-A real time payments technology will be offered to e-commerce merchants in Germany by Oxid eSales, which represents more than 100 companies that sell to online shops.

PAYPAL will launch a contactless mobile wallet for in-store payments in Germany this summer. The app will support iOS and Android devices. The PayPal app will also allow consumers to pay for purchases in 3, 6, 12 and 24 months.

Adyen will use technology from Fiskil to improve merchant onboarding and account verification in Australia. Fiscal’s open banking infrastructure uses an API  to deliver real-time access to financial data at scale. Netherland-based Adyen provides a global platform to accept payments across on-line, in-person and in-app channels to clients including Spotify, eBay and Uber.  

Klarna reports that its customer base has reached 11 million consumers in the UK. Those shoppers have access to Klarna’s BNPL options at 60,000 merchants. The merchant base has doubled in the last 12 months.

Affirm’s interest-free installment and longer-term payment options will be integrated into the UATP network for merchants in the US, Canada and the UK. UATP merchants are airlines, rail carriers and travel agencies. 

CIBC, the second largest credit card issuer in Canada, has launched the no annual fee CIBC Adapta Mastercard credit card, which automatically provides 50% additional rewards points (1.5%) on a cardholder’s top three spend categories each month.

Paytweak, which offers a universal link to 500 banks and PSPs that can be used to trigger payments by email, QR code or text, has integrated with Trusty’s account-2-account service for direct bank payments. The combined service, which is SEPA-compliant, supports recurring, instant and localized payments through a single link.

Bluefin’s payment processing platform and PCI-validated point-to-point encryption service has been integrated with Campus Innovations cloud-based C-Park parking automation platform.

Cardlay, a Denmark-based provider of fleet management software, has joined the Visa Ready Partner Program. Technology from Visa, combined with Cardlay’s spend management module, which is available on a white-label basis, will enable fleet operators to consolidate all fuel and non-fuel related payments, eliminating the need for multiple cards.

Arab Financial Services, which is based in Bahrain, has formed a partnership with Etihad Al-Dawli Fintech in Libya to develop digital and electronic payment services in that country. EDF, which is PCI-DSS certified, plans to develop a digital wallet called UniPay.

GLOBAL PAYMENTS, FIS and GTCR have negotiated a deal that calls for Global Payments to purchase 100% of merchant acquirer Worldpay and FIS to acquire 100% of Tsys, a card account processing business owned by Global Payments. Private equity firm GTCR isthe majority owner of Worldpay, and FIS owns all other shares. Global Payments will pay $22.70 billion in cash and stock to assume complete ownership of Worldpay. FIS will pay $13.50 billion to acquire Tsys. The divestitures will occur simultaneously.

Trulioo will provide its automated Business Verification and Watchlist Screening products to cross-border B2B payment platform PingPong, which has surpassed $250 billion in cumulative transaction volume. PingPong holds more than 60 financial licenses and has 32 offices worldwide.

Fortis, which delivers embedded payments for software providers and ERP systems, has enhanced its payment processing support for users of Microsoft Dynamics 365 Business Central. The improvements aim to streamline financial operations and impact cash flow while maintaining compliance with security standards. Fortis’s native integration with Microsoft Dynamics 365 Business Central handles transactions across ecommerce, field services, card-present, card-not-present and call centers as well as omnichannel.

MoneyGram, a global money transfer company, offers US customers that use its MoneyGram Online service Plaid’s technology to help them authenticate their bank accounts. The company expects to expand its use of Plaid to other markets later this year. MoneyGram serves more than 50 million people annually in over 200 countries and territories. Plaid is connected to financial institutions in the US, Canada, the UK and Europe.