Bank Innovation

OCTOBER 24, 2017

Continuing its development of financial technologies on its platform, social media firm Facebook has joined a Visa program that enables the network to access its Token Service for payments, Visa announced today.

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PYMNTS

JULY 7, 2020

FinTech AeroPay has launched a new suite of digital payment solutions intended for cannabis businesses, according to a press release. The tech will allow both B2B and B2C transactions and will encompass the entirety of the cannabis industry, according to the release, including in-person and online payments.

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PYMNTS

OCTOBER 8, 2019

Citi is leveraging a newly formed strategic partnership with Cachematrix to create an online investment gateway for money market funds (MMF), Citi announced in a press release on Tuesday (Oct. Cachematrix is excited to power Citi’s Online Investments portal with our best-in-class financial technology.

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PYMNTS

AUGUST 12, 2019

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. Further evidence of that golden age comes from Indonesia , one of the world’s most populous countries , and a place where eCommerce and digital payments are gaining ground.

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PYMNTS

MAY 26, 2020

London-based global payment provider Checkout.com has purchased Pin Payments, an Australian startup, the companies announced Tuesday (May 26). Founded in 2013 by Grant Bissett and Dominic Pym, Pin Payments serves more than 12,000 businesses across Australia and New Zealand. Terms of the deal were not disclosed.

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PYMNTS

MARCH 5, 2019

The Mexican central bank and Amazon are in talks to introduce a government-approved mobile payment system, according to reports. The system would involve users paying for online purchases using QR codes, and it would be the first time Amazon offered the technology in the country. The beta is scheduled to be released this month.

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Bank Innovation

AUGUST 14, 2019

When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders. Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5 billion valuation.

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PYMNTS

JUNE 1, 2020

Any sudden shock to the system like we have observed with the pandemic exposes both vulnerabilities and opportunities, especially for payments. Payments are going to really exist in the context of our behaviors, of our expectations, of our norms, how we’re conducting the rest of our lives,” said Bottomline’s Eberle. “We

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PYMNTS

JANUARY 26, 2021

So, payments provider Ant Group ’s much-heralded initial public offering (IPO) could be back on? Ant is China’s behemoth payments provider through its digital payments service Alipay. While Ant calls itself a financial technology company (FinTech), China’s financial regulators are starting to view it as being more like a bank.

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PYMNTS

JANUARY 21, 2021

In today’s top payments news around the world, Mynt is reportedly seeking more funding following a $175 million round, while WeTrade Group is seeking to raise roughly $121 million in its transfer from the OTC board to Nasdaq. Ant-Backed Mynt Seeks More Funding On Heels Of $175 Million Round. Mynt, for its part, runs the GCash digital wallet.

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PYMNTS

DECEMBER 17, 2018

Western Union has announced a partnership with Chinese digital payments company JD Digits , which will advance digital cross-border money movement and payments in China. It allows us to effectively span consumer money movement and business payments globally, while staying ahead of FinTech advancement.

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PYMNTS

NOVEMBER 5, 2020

billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. This action reflects a lack of understanding of Plaid’s business and the highly competitive payments landscape in which Visa operates.”. 5) to block its planned $5.3

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Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. which is a huge draw to using BNPL as a non-cash payment method. What Are Some Buy Now, Pay Later Companies? Which one is best for me?

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Banking Exchange

MAY 26, 2021

Customers Bank, Capital Bank and Community 1st Credit Union among the latest to embrace financial technology Technology Financial Trends Payments Feature3 Fintech Feature Lines of Business Tech Management Mobile Online Cards Blockchain PPP Covid19 Community Banking.

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Bank Innovation

SEPTEMBER 14, 2016

Financial technology may be evolving at a rapid pace, but well, so is financial crime — meaning that the security of online and mobile payments is a constantly developing area and nowhere more so than biometrics.

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Financial Technology Mobile Security Online 150

Chris Skinner

JULY 21, 2017

They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. What we are seeing is many new companies launching capabilities built upon the latest internet-enabled technologies. They are very different to banks and are collectively known as FinTech, financial technology start-up companies.

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PYMNTS

JANUARY 21, 2021

That could happen under Chinese regulators’ proposals to curb market concentration in the country’s online payments market, Ant, best known for its Alipay payments service, calls itself a financial technology company (FinTech). But China’s financial regulators are starting to view it as being more like a bank.

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Bank Innovation

FEBRUARY 8, 2019

Fresh off its January announcement to acquire payments processor First Data Corporation, financial technology vendor Fiserv seems to be banking on a breakout year for the bank-backed P2P payment service Zelle.

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Financial Technology Data Payments Technology 170

Payments Source

SEPTEMBER 17, 2020

Ant Group was dealt another blow by more regulations to contain risks in the country’s burgeoning online lending industry as Jack Ma’s financial technology giant prepares for its initial public offering.

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Bank Innovation

APRIL 8, 2019

Riskified, an Israeli startup that provides anti-fraud services for online transactions, is seeking to raise as much as $200 million, according to people familiar with the company’s plans.

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Bank Innovation

OCTOBER 2, 2017

Financial technology provider Wirecard will be updating its mobile payment app, boon, with new features including P2P capabilities. Up until this point, boon has worked as a typical payment app, used to transact inside stores.

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Financial Technology Mobile Payments Technology 186

PYMNTS

DECEMBER 23, 2020

That arm of the financial technology (FinTech) giant offers a virtual credit card. Ant Group is best known for its wildly popular payment and loans app Alipay , which has both online and mobile platforms. The company did not elaborate.

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PYMNTS

DECEMBER 6, 2018

Financial technology providers are partnering up to offer expanded mPOS capabilities to merchants, which are looking for tools to avoid long checkout lines. At the same time, businesses are willing to switch payments service providers if they are offered a better deal. charitable giving market that comes from online donations.

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CB Insights

MARCH 14, 2023

In addition to the venture debt financing and startup banking that it’s known for, SVB is a gateway for commercial payments and online payments acceptance. In fact, it markets itself not as a bank, but as a financial technology partner. It’s clearly plugged into the fintech ecosystem.

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Bank Innovation

SEPTEMBER 12, 2017

Finovate kicked off its 2017 Fall conference with demos from about 40 financial technology companies on its first day yesterday in New York.

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PYMNTS

OCTOBER 6, 2020

The Singapore-based financial technology company said the move is part of its goal of establishing “the world’s first global youth bank.”. Last year, Razer said it would enable Razer Pay eWallet users to make payments wherever Visa is accepted. Razer Pay users can “opt-in for a free virtual card” as well.

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Bank Innovation

DECEMBER 15, 2016

PayPal is partnering with financial technology provider FIS and Citigroup in order to provide better, faster, stronger digital payments to all users involved—financial institutions, payment processors, and banking customers, it was announced today.

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Financial Technology Technology Payments Online 150

Bank Innovation

FEBRUARY 21, 2018

EXCLUSIVE – Greenlight Financial Technology, a fintech startup for kids, has raised $16 million in a Series A funding round today, Bank Innovation has learned. Greenlight Technology is a combination of P2P and PFM features on a mobile app, and is unusual in that it focuses on children.

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Bank Innovation

NOVEMBER 29, 2016

Financial technology solutions provider Jack Henry has announced a partnership with Early Warning, the company behind the Zelle network, The partnership has the potential to link about 3,000 new financial institutions to the faster payments network.

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PYMNTS

FEBRUARY 19, 2019

Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty. The payment system, called CoDi, is slated to launch in March.

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Bank Innovation

APRIL 30, 2018

EXCLUSIVE— As open banking sweeps through Europe with the launch of PSD2, GDPR, and other regulations focused on transparency, North American financial institutions might want to consider looking to blockchain or artificial intelligence for their own compliance challenges.

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PYMNTS

JANUARY 13, 2021

In today’s top digital-first banking news, Singapore tech startup Sea has reportedly bought Indonesia’s PT Bank Kesejahteraan Ekonomi (Bank BKE), while credit union service organization (CUSO) PSCU has lengthened its payment processing collaboration with Fiserv. PSCU Extends Payment Processing Collaboration With Fiserv.

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Bank Innovation

MARCH 9, 2017

Piazza, a 30-year financial technology veteran, who has been serving Citi in a variety of roles since 1988, will lead the group’s efforts in mobile, payments, and general fintech innovation. Citi Group named long-time executive Yolande Piazza the head of Citi Fintech today.

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PYMNTS

AUGUST 12, 2020

Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. Meanwhile, Mastercard has been working toward providing instant payments. 12) announcement.

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Bank Innovation

SEPTEMBER 26, 2017

EXCLUSIVE—Speedy, flashy financial service through mobile or a wearable is all well and good, but the product has to respond to changing customer needs as well. That’s why financial technologies provider Kasasa has come up with a loan product that will allow users to “take back” some of their funds.

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Financial Technology Mobile Technology Online 236

PYMNTS

MAY 11, 2020

Ready to embrace financial technological innovation which has the potential to transform payments and money faster, and in more disruptive ways, than ever before,” he said. He pointed out that cash is still the favored payment method and he hasn’t seen any indication that people are going to give it up.

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The Paypers

JANUARY 20, 2021

US-based financial technology service provider WEX has partnered with online business management platform MYOB to provide Australian businesses with B2B payments.

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