Fiserv payments revenue up 8% to $1.6B
Payments and financial services technology company Fiserv is looking to expand efforts in embedded finance and cloud services to meet increased demand for digital banking products. The high demand...
View ArticleCard giants focus on innovation
Mastercard and Visa focused on innovation in the most recent quarter. “We are winning deals across the globe through the combination of our new innovation products, differentiated services and our...
View ArticleBrex rolls out AI-driven accounts payable solution
Brex is automating the accounts payable process with AI-driven expense controls across multiple payment types to help business clients manage their budgets. The San Francisco-based digital bank...
View ArticleGlobal Startup Cities Podcast: Paris fintech offers embedded lending
Keeping up with expenses can be difficult for small- and medium-sized businesses, which may not always have cash on hand or ready access to capital. Paris-based fintech Defacto is seeking to solve...
View ArticleFIS enhances digital offerings in Q2
Tech provider FIS met client needs for technology, digital engagement and efficiency in the second quarter as its digital payments offerings expanded with business-to-business, FedNow,...
View ArticleEuropean Transactions: Apple introduces Tap to Pay in UK
Apple launched its Tap to Pay on iPhone feature in the United Kingdom last month after rolling out the service in the United States in February 2022. The app will be available on some U.K.-based card...
View ArticlePayPal to launch AI-driven assistant
PayPal is investing in AI to increase efficiency, improve consumer experience, reduce the time to bring products to market and develop proprietary AI models to drive business growth. The payments...
View ArticleBank of America explores new payments channel
Bank of America may be joining Citi, TD, Chase and other U.S. financial institutions to offer pay by bank, an account-to-account payments channel, amid an increase in real-time payments usage. The...
View ArticlePodcast: The future of mobile payments
Financial institutions look to omnichannel offerings to meet clients where they want to be met, and most consumers now prefer a mobile experience — even to pay their bills. “Eighty-seven percent of...
View ArticleKeyBank adds to mobile app offerings
KeyBank will later this month roll out Early Pay, a tool that allows clients with direct deposits access to wages up to two days early. Early Pay will follow other digitally enhanced solutions and...
View ArticleEuropean Fintech Funding: Payments fintech SumUp nabs $100M
Payments technology fintech SumUp announced Wednesday it has raised $100 million from Victory Park Capital. SumUp provides businesses with point-of-sale payments equipment and inventory management...
View ArticlePayPal names Intuit’s Alex Chriss CEO, replacing Schulman
PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses to lead the beleaguered payments giant. Chriss, who led Intuit...
View ArticleMastercard to buy stake in MTN’s $5.2B fintech unit
Mastercard Inc. has agreed to take a minority stake in the financial-technology business of MTN Group Ltd., Africa’s biggest wireless carrier, sending the telecom company’s stock soaring by as much as...
View ArticleVisa, Conferma Pay expand B2B payment rail
Payments behemoth Visa has expanded its strategic collaboration with payments fintech Conferma Pay to improve its Visa Commercial Pay suite of B2B payment solutions. The offering allows financial...
View ArticleTransactions: Marqeta extends collaboration with Block
Card-issuing fintech Marqeta announced earlier this month that it has secured a four-year extension of its contract with digital payments company Block to power that company’s Cash App card. During...
View ArticlePodcast: The importance of embedded financial payments
Small businesses are embedding payments options beyond credit card transactions into their platforms as consumers desire pay-over-time capabilities. “Now that technology has allowed installment payment...
View ArticleCiti ensures payment stack is future-ready with Venmo
Citigroup is investing in alternative payment methods as client needs and technologies evolve. The goal is “making sure that our payment stack is future-ready,” William Artingstall, global co-head of...
View ArticleTrustly acquires French fintech SlimPay in €70M deal
Swedish payments firm Trustly has acquired the French recurring payments platform SlimPay as it continues its Europe-wide expansion. The deal was worth €70 million ($75.7 million), people with...
View ArticleFedNow: Now what?
The Federal Reserve launched its much-awaited FedNow real-time payments channel on July 20, and experts say it can be revolutionary for the payments industry. The United States was lagging in the...
View ArticleKlarna shrinks losses with sales growth and cost-cutting
Klarna Bank AB’s losses narrowed in the first half of the year as its growing customer base continued to pay back their buy-now-pay-later debts in the face of inflation pressures. The Stockholm-based...
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