The Latest
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Retrieved from Clarissa Eyu on September 21, 2021
Airwallex raises $200M, targets US expansion
The Australian company's latest fundraising round was led by a U.S.-based venture firm, and it's setting its sights on U.S. expansion too.
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Permission granted by Shipt
Visa taps Shipt for delivery offer
Target-owned Shipt is one of three new partners that card behemoth Visa lined up in a bid to offer new customer benefits.
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Courtesy of Adyen
Payment industry racks up two more deals
The two latest deals continue to move the payments industry toward what is likely to be a record-breaking year in acquisitions.
UPDATED: Sept. 20, 2021 at 9:49 a.m. -
Retrieved from Kate Nesbit, PR person for CityBase. on September 17, 2021
U.S. cash payment kiosks rise despite digital age
Cities and utilities are making more use of the kiosks provided by vendors like CityBase to give consumers additional no-fee options for paying bills in cash.
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Courtesy of Tricia Harte
BNPL benefits from venture capital haul
Buy now-pay later companies raised a record $1.5 billion in funding last year — a 42% increase over 2019 — across 20 major investments, according to a CB Insights Report.
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Paul Morigi via Getty Images
Goldman Sachs to acquire BNPL lender GreenSky for $2.24B
The deal will connect some 10,000 merchants, mainly in the home-improvement category, to Goldman's consumer-banking arm and allow them to use buy now-pay later financing options.
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Retrieved from Pexels on August 09, 2021
Mastercard sees holiday spending climbing
The card company expects overall retail spending and e-commerce sales during the year-end holiday season to rise this year compared to 2020, and take larger leaps over 2019 spending.
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Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
Global Payments kicks off $28B growth agenda
The Atlanta payments processor aims to drive $28 billion into acquisitions and other investments that will scale its business over the next four years.
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filadendron via Getty Images
NovoPayment sets sights on US market
NovoPayment expects to land its first venture investment soon, just as it's extending its Latin American-focused financial services software business into the U.S.
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Jack Taylor / Stringer via Getty Images
Mastercard to buy CipherTrace crypto security company
Mastercard is buying the six-year-old company to better serve its customers' needs in understanding digital asset risks, thwarting fraud and complying with regulations.
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Sean Gallup via Getty Images
JPMorgan to buy majority stake in Volkswagen's payments business
"One of the fastest-growing platforms is the connected car marketplace, whereby the car acts like a wallet for purchasing goods, services or subscriptions," a JPMorgan executive said.
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Carl Court via Getty Images
PayPal agrees to buy Paidy for $2.7B
The digital payments titan said it's buying the Japanese company to expand its "capabilities, distribution and relevance" in the third-largest e-commerce market in the world.
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Alex Wong via Getty Images
Amazon takes Visa battle to Australia
The online retail behemoth extended a surcharge to include Visa credit card transactions in Australia, and added an incentive nudging consumers there to ditch the cards.
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Courtesy of Mastercard
Mastercard to buy European open-banking company Aiia
The Mastercard acquisition will allow the big card company to cross-sell digital banking and payment services between its U.S. and European markets.
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Matt Cardy via Getty Images
Consumer spending on cards jumped in July, research firm says
The rate of U.S. consumer spending on credit and debit cards surged 21% in July compared to a year ago as Americans welcomed the summer months and a decline in coronavirus cases.
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Anna Hrushka/Payments Dive
Fed finds businesses eager for faster payments
The Federal Reserve said Tuesday that a survey of businesses last year revealed a majority are eager to make use of faster payments, with many ready to do so now. The Fed doesn't plan to launch its real-time system until 2023.
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Permission granted by U.S. Bank
Competition for SMB payments clients heats up acquisitions
Some companies are buying up businesses that will help them cater to small and mid-sized clients, while others are getting out of the increasingly competitive arena.
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Fotolia
Bank regulators issue guidance on partnering with fintechs
Community banks should evaluate fintechs' business experience and financial condition, information security and regulatory compliance, among other things, regulators said Friday.
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Retrieved from Pexels on August 09, 2021
Amazon taps Affirm for installment financing
As Amazon explores payment options for its worldwide shoppers, it's turning to Affirm to test installment financing.
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Justin Sullivan via Getty Images
InComm Payments, Doxo to offer cash bill payments in stores
The partnership will stretch services for cash payment of bills to some 60,000 retail locations nationwide.
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Permission granted by Casey Kozieja, outside spokesperson for the company ([email protected])
Crypto ATMs multiply despite challenges to the currency
The biggest crypto kiosk companies are expanding as the value of bitcoin recovers and more merchants seek a piece of the action.
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Courtesy of Klarna
Klarna tallies 20M US customers
The buy now-pay later company has doubled its American customer base in just over a year.
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LaylaBird via iStock
Fiserv strikes up a bevy of new partnerships
Fiserv has new ties to MovoCash, Selecta Group and Venmo that will allow it to keep expanding its digital payment services.
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Ian Waldie via Getty Images
Deep DiveAnti-fraud niche in payments thrives as e-commerce climbs
Major payments players and fledgling upstarts alike are developing new tools to fight increasing fraud threats to their businesses.
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Dan Kitwood/Getty Images News via Getty Images
BitPay CFO: long-time crypto users incentivized to keep spending
Cryptocurrency is well on its way to “emerge as the next evolution to modern alternative payments,” Jagruti Solanki, CFO of Bitcoin and payment provider BitPay, said Friday.
