Mambu and Volante partner for cloud-enabled payments integration
Banking core provider Mambu announced in January a new partnership with payments fintech Volante Technologies to provide cloud-native payments services for joint financial institution customers. The...
View ArticlePayPal’s technology and development spend up 9% YoY
PayPal Holdings Inc.’s technology and development spend in Q4 2021 reached $796 million, a 9% year-over-year increase. The payment company also spent 5% more on tech during the quarter than in Q3,...
View ArticleApple to roll out Tap to Pay
Apple revealed this week that it will roll out Tap to Pay on iPhones through a partner-enabled iOS app, allowing U.S. merchants to accept Apple Pay, contactless credit and debit cards and other digital...
View ArticleBy the Numbers: Zelle payments surpass checks written at Bank of America
Payments sent using Zelle surpassed checks written by Bank of America customers in 2021. The real-time payments platform’s usage was also up 20% in January 2022 over the previous year. The $3.1...
View ArticleCross River fuels fintech PayTile for P2P geolocational payments
Cross River Bank is leveraging digital payments platform PayTile’s banking-as-a-service (BaaS) offering to power the fintech’s peer-to-peer (P2P) geolocational services. PayTile, which counts Plaid...
View ArticleBanking disruptions foster open network opportunities
With digital demand and tech awareness rising sharply, banks should keep new disruptions in mind as they strike a balance between legacy processes and new automations. Automated lending and...
View ArticleRadha Suvarna, Citizens’ head of enterprise payment strategy and innovation,...
Radha Suvarna, head of enterprise payments strategy and innovation at Citizens, will join the panel “Strategies for Automating Payment Processes” on Wednesday, March 2, at 11:15 a.m. ET at Bank...
View ArticleFintech halts Russian payments in solidarity with Ukraine
International money transfer fintech Paysera transfers to and from Russia, with Paysera saying it was a show of solidarity with Ukraine today as Russian armed forces invaded the Eastern European...
View ArticleFintech Funding: Stripe leads $75M round for US payroll startup Check...
Payment fintech Stripe last week led a $75 million series C funding round for payroll software fintech Check Technologies, bringing the company’s valuation to $725 million. New York City-based Check is...
View ArticleFintech Funding: Spend management fintech Payhawk becomes first Bulgarian...
Payment fintech Payhawk exited its Tuesday series B round with $100 million in capital and a $1 billion valuation, becoming the first-ever Bulgarian unicorn. London-based Payhawk, which was founded in...
View ArticlePNC and US Bank go live with earned-wage access
Earned-wage access is now a reality, with U.S. Bank and PNC last month debuting real-time payroll solutions for business customers. On-demand payments availability presents an innovation opportunity...
View ArticleDigital payments present opportunity for retaining Gen Z banking customers
SAN ANTONIO — Payment innovation will make or break the relationship young consumers have with their banks. Younger customers lead the digital banking charge with 99% of Generation Z using mobile...
View ArticleISO 20022 push creates data and logistical pain points for banks
SWIFT member banks must overcome major technology and business hurdles to upgrade their systems for ISO 20022 messaging requirements. The upcoming November adoption of ISO 20022 — a widely accepted...
View ArticleApple acquires U.K. financial health startup Credit Kudos
Apple Inc. has bought London-based credit scoring startup Credit Kudos Ltd., continuing its push into payments technology, according to a person familiar with the deal. Credit Kudos lets businesses...
View ArticleVisa to connect real-time platform to digital wallets
Visa is planning to connect its real-time platform to digital wallets, which could provide greater access to the company’s payments network. Linking the Visa Direct payments platform to digital wallets...
View ArticleRussia offers SWIFT alternative to India for ruble payments
India’s government is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments, according to people with knowledge of the matter, as the Asian...
View ArticleFintech rolls out no-code smart contract solution to banks
The Tassat Group is offering banks a no-code approach to using smart contracts on blockchain to support payment logic within its TassatPay payments platform. TassatPay provides an individual blockchain...
View ArticleListen: Aite-Novarica analyst on why payment interoperability is threatened...
Tech and regulatory hurdles stand in the way of a fully interoperable payments environment in the U.S. Consumers increasingly expect an interoperable — seamless and friction-free — payments ecosystem,...
View ArticleStripe teams up with Twitter in renewed crypto payments push
Payments company Stripe Inc., one of the world’s most valuable startups, is stepping up its return to cryptocurrencies. Stripe said in a statement Friday that its first partner in the expansion will be...
View ArticleApple hit with EU antitrust complaint over iPhone payments
Apple Inc. was hit by a formal antitrust complaint from the European Union over how it handles iPhone payment services, an area where regulators say the tech giant favors its own technology over rival...
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