Payment Protection Fintech Earny Raises $9 Million
EXCLUSIVE – The payment protection app Earny announced today it has raised $9 million and wants to use the funds to diversify into the travel vertical. Based in Santa Monica, Calif., Earny...
View ArticlePayments Company Worldpay Partners with Klarna on Invoicing Feature
Payments company Worldpay is partnering with Swedish payments services provider Klarna on enabling users to make invoice and credit based payments at point-of-sale checkouts. This partnership will not...
View ArticleMastercard Invests in Authentication Startup Hypr
EXCLUSIVE – Authentication solution provider Hypr has received a sizable investment from Mastercard to expand its technology to Mastercard’s ecosystem as well as major banks and financial institutions....
View ArticleAdyen Now Supports WeChat Pay at the POS
EXCLULSIVE—Payments platform Adyen will now support popular Chinese mobile payment service WeChat Pay at the point-of-sale for Adyen merchants, the fintech announced today. As part of the company’s...
View ArticleZelle Users Doubled in Q3, U.S. Bank Says
EXCLUSIVE – U.S. Bancorp saw a major spike in its Zelle transactions in the past four months, according to CEO and president Andy Cecere. U.S. Bank, the fifth largest retail bank in the U.S., saw a...
View ArticleINV Fintech Announces Its Fourth Class of Startups
INV Fintech, the sister accelerator to this site, announced its fourth class of startups today. The six companies were chosen from among a wide array of applications from across the globe. Here are the...
View ArticleDiscover Ditches Signatures at the POS
Discover will no longer require signatures as a form of authentication at the point-of-sale, turning instead to identification methods like tokenization and biometrics, the company announced yesterday....
View ArticleMastercard, Cross River Partner for New Cash ‘Pick-Up’ Service at Bank ATMs
EXCLUSIVE — Payments processor Mastercard has partnered with New Jersey-based bank, Cross River, to debut its “Mastercard Cash Pick-Up” service, the companies announced today. The service allows banks,...
View ArticleSoutheast Asian Transportation App Grab Snags e-License for Payment Services...
Southeast Asian ride-hailing app Grab will now offer mobile payment services in Malaysia thanks to the regulatory approval it received from the country’s central bank, Bank Negara Malaysia today. The...
View ArticleBank of America Adds New Features to Mobile App, Announces a New Partnership
EXCLUSIVE – Bank of America has rolled out a series of features and upgrades to its mobile banking app including a timely partnership for the holiday season with Blackhawk Network Holdings’ gift card...
View ArticleMoney Transfer App WorldRemit Raises $40 Million in Third Round of Funding
EXCLUSIVE- Emerging markets-focused money transfer app WorldRemit has raised another round of funding, bringing the total amount to $220 million. The new Series C funding of $40 million was led by...
View ArticleChase Opens Pop-Up Shopping ‘Village’ to Boost Mobile Wallet Use
Bank JPMorgan Chase has opened a pop-up holiday shopping “village” in Manhattan, where users will be able to purchase goods exclusively through Chase’s mobile wallet, Chase Pay. The Chase Pay Village...
View ArticleStephane Wyper, Mastercard’s SVP of Internet of Things Partnerships, Joins BI...
Stephane Wyper, who runs Mastercard’s partnerships related to the Internet of Things, as well as new commerce, has joined the Bank Innovation 2018 speaker faculty. He will present on the challenge of...
View ArticleSunTrust Joins Network of Zelle Institutions
EXCLUSIVE- SunTrust Banks Inc has joined the network of institutions using the Zelle realtime payments network. The service is now accessible via SunTrust’s suite of mobile apps. The Zelle network is...
View ArticleMastercard Opens ‘Assemble,’ New Money Management Platform for Millennials
Global payments technology company Mastercard is opening a new platform aimed at the financial management needs of the millennial generation, the company announced today. The platform, called...
View ArticleGlobal Card Payments to Reach Nearly 500B by 2022
The total number of card payments across the globe will reach 483 billion by 2022, more than double the rate that card numbers will grow, a study by London-based research firm RBR found. Card payments...
View ArticlePOS Lender Affirm Raises $200 Million for New Products & Services
EXCLUSIVE- Point-of-sale lender Affirm raised $200 million in a new funding round, bringing its total equity funding to $450 million. The Series E round was led by Singapore’s sovereign wealth fund...
View ArticleNordea Bank’s Open Banking API Pilot Goes Live
Nordea Bank has made its Open Banking API pilot live today, opening its customers dataset to a select few customers in Finland. The Norwegian bank first announced its plan to test its API platform...
View ArticleDivvy Opens Cloud-Based Mobile-Enabled Financial Platform for Businesses
EXCLUSIVE— There are some annoyances that are universal for businesses: with its new financial platform, officially opened today, fintech startup Divvy wants to fix them all. The platform, which uses...
View ArticleSwedish Payment Company iZettle Raises $47 Million in Funding
Swedish payment company iZettle today announced it raised €40 million ($47.05 million) in funding to accelerate growth. The round was led by venture capital firm Dawn and The Fourth Swedish National...
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