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US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

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The company has already integrated with about 15,000 banks in Canada and the United States. By buying Plaid, Visa would reportedly gain access to 200 million consumer bank accounts and 2,600 financial technology apps that would help the company further push into areas like real-time payments and digital wallets.

US 343
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Boost Teams With BMO Harris Bank To Deliver B2B Payment Solutions

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Boost Payment Solutions , a global provider of B2B payment technologies, announced a strategic collaboration with BMO Harris Bank on Thursday (June 25). The New York-based financial technology company has teamed with BMO Harris Bank to deliver integrated, automated processing for its corporate card customers.

Payments 130
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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

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OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. It was backed by SoftBank in a Series A round for $7.5 billion in 2018, and went public on the New York Stock Exchange last year.

Bitcoin 144
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MyPayrollHR Founder Faces $70M Fraud Charge

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Michael Mann, 49, allegedly obtained millions in bank loans and lines of credit over the last decade that he diverted to fake companies, the United States Attorney for the Northern District of New York said in a statement. The company handled payroll for roughly 1,000 businesses across the United States.

Fraud 133
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FinTech Firms On The New FinTech Charter

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Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability.

Fintech 115
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What’s The Best Way To Navigate The New World Of Payments?

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With the transaction now complete, Fiserv is one of the world’s largest payment and financial technology providers. As reported, Global Payments is the third-largest merchant acquirer in the United States, while TSYS is the third-largest card processor in the country. Basic Question.

Payments 176
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Phillips 66 Partners With WEX For Exclusive Multi-Year Private Label Extension 

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WEX and Phillips 66 have partnered since 2010, the release said, to develop a sales and marketing program that depends on new payment technologies for fleet customers. WEX focuses on delivering financial technology services across multiple industries including fleet, travel and healthcare.