Venture firm QED raises $925M for fintech investing
QED Investors, the financial technology-focused venture firm that was an early backer of Credit Karma, has raised $925 million for two new funds. The firm, based in Alexandria, Virginia, said it has...
View ArticlePodcast: Adopting the digital wallet
The digital wallet market is saturated and has several established players, but this has not stopped new competitors from entering the space. Despite being one of the late arrivals to the space, Paze,...
View Article5 questions with … Wells Fargo’s Treasury Head John Hunter
Wells Fargo Head of Global Treasury Management Payments and Transaction Services John Hunter is focused on simplifying the bank’s experiences with cloud, AI and machine learning. The San...
View ArticleTransactions: Visa to offer payment apps interoperability
Visa is launching cross-wallet transactions platform Visa+ this summer, and PayPal, Venmo and TabaPay will be among person-to-person payment apps integrated into the platform. Visa+ aims to improve...
View ArticleTransactions: Fifth Third acquires fintech Rize Money
Fifth Third Bank acquired embedded payments fintech Rize Money last week as the bank looks to enhance its financial product offerings. Terms of the deal were not disclosed. Arlington, Va.-based Rize...
View ArticleFintech Funding: Bank of America leads funding round for OpenFin
Investors have their sights set on startups presenting offerings in financial conductivity, identity verification, compliance and fraud. “We’re having, even as investors, to find different business...
View ArticlePayPal’s 80% stock plunge hasn’t soured Wall Street
For the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down. About two thirds of the more than 50 Wall Street firms covering the digital-payments...
View ArticleEarned wage access can keep workers on financial track
The completion of the intercontinental railroad in 1869 was a watershed moment in American history. It opened a new chapter in the country’s economic growth as the connection of the two coasts by rail...
View ArticleMovers and shakers: Bank of America, Apple execs join Chargebacks911
Platform provider Chargebacks911 named Guy Harris as its chairman of the board and Eric Hoffman as president of interbank solutions and board member. Chargebacks911 is “a technology platform provider...
View ArticleTransactions: Amazon Pay picks Affirm for BNPL
Amazon Pay has selected Affirm as its first buy now, pay later provider in the United States, with the goal to give customers a more flexible payment option and give merchants on the platform a way to...
View ArticleMastercard capitalizes on startups with SME program
Mastercard is inviting startups to address challenges within the credit card giant’s operations while taking part in its small business program that offers the company’s network access. The company...
View ArticlePodcast: Payments innovation post-SVB
The collapse of Silicon Valley Bank, First Republic Bank and Signature Bank has companies looking to technology providers to ensure they have the right payment strategies in place. Companies are...
View ArticleTransactions: Citizens selects embedded payments provider Wisetack
Citizens Financial Group selected embedded pay-over-time provider Wisetack Thursday for its new consumer financing platform, Citizens Pay. Citizens Pay will use Wisetack’s existing connections to...
View Article3 trends driving payments innovation, according to Bank of America exec
Consumer trends and needs directly affect payments innovation through the application of AI in finance, real-time payments enhancements and global transaction capabilities. “There’s this concept that I...
View ArticleVolt eyes global payments network with $60M raise
London-based open banking startup Volt is looking to expand global operations with a $60 million series B round. The additional funds were announced by the company this month. Founded in 2019, Volt is...
View ArticlePrivate equity firm GTCR buys majority stake valuing Worldpay at $18.5B
Private equity firm GTCR LLC agreed to buy a majority stake in Worldpay, the Fidelity National Information Services Inc. unit that handles card payments for businesses all over the world, in a deal...
View ArticleLloyds Bank continues ISO 20022 migration
Lloyds Bank is continuing its migration to the ISO 20022 and identifying use cases for the network’s data as its capabilities roll out in phases. The $36 billion bank is focused on figuring out how to...
View ArticleDigital dollar speeds cross-border payments
The New York Federal Reserve along with financial institutions including Citibank, HSBC, Wells Fargo and Mastercard ran a 12-week pilot to test the feasibility of settling payments through a digital...
View ArticleFedNow is live
The Federal Reserve’s long awaited real-time payments network FedNow launched this morning nearly four years after the rail was first announced. As of today, 35 financial institutions who participated...
View Article90% of suppliers prefer receiving digital payment
Digital payments are gaining popularity with consumers and suppliers as digital wallets, digital issuance and the overall payments landscape continues to evolve. As consumers look to digital wallet...
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