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November 28, 2023
On the wires
ACI Worldwide and Mexipay to Empower Payment Innovation in México
Business Wire
"ACI Worldwide, a global leader in mission-critical, real-time payments software, today announced a partnership with financial technology company Mexipay to boost payment innovation in México"
Billtrust Adds Improved Insights from its AI-Powered Accounts Receivable Software Platform
PR Newswire
"Billtrust, a B2B order-to-cash and digital payments market leader, announces a new, easier-to-use interface for its AI-powered accounts receivable (AR) software platform which delivers improved insights and a more holistic view of AR processes to optimize cash flow and improve staff productivity."
November 22, 2023
On the web
Volt Launches in Australia
Electronic Payments International
"Having already established itself across the UK and Europe, Volt entered the South American market via Brazil in 2021. Volt says that the Australian launch represents a significant milestone for the company and the account-to-account (A2A) payments sector."
Crezco Aims to Make Integrating Bill Payments Easier
TechCrunch
"Crezco builds workflows for collecting bill payments — specifically account-to-account bill collection workflows. With these, payments, including overseas payments, are made directly from one account to another without transaction intermediaries like card networks involved."
On the wires
Marqeta and Credi2 Team Up to Provide New Instalment Capabilities for Banks in Europe
Business Wire
"Marqeta, the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a new partnership with Credi2 to provide an end-to-end instalments platform designed for banks, helping them deliver instalment payments on cards to meet growing consumer demand for more flexible and seamless digital payments experiences."
November 21, 2023
On the web
Form3 to Support Klarna’s European Payments
Fintech Finance News
"Form3, the cloud-native account-to-account platform, announced it will be providing Klarna, the AI-powered payments network and shopping assistant, with SEPA connectivity to bolster its customer offering in Europe as part of its wider international growth strategy."
On the wires
Taulia and Mastercard Partner to Launch Virtual Card B2B Payments Solution
Business Wire
"Taulia, a leading provider of working capital management solutions, has partnered with Mastercard to launch Taulia Virtual Cards. The new solution provides businesses with additional working capital management advantages, including the ability to maximize cash flow and minimize payment uncertainty."
November 20, 2023
On the web
Payments Company Cellulant Adds Egypt to Its African Coverage
Developing Telecoms
"Payments fintech company Cellulant has obtained initial approval as a Payment Service Provider and Payment Facilitator in Egypt."
Venmo, Cash App Users Sue Apple over Peer-to-Peer Payment Fees
Reuters
"Apple Inc has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay 'rapidly inflating prices.'"
Nexi and Microsoft Partner to Digitize European Payments
Investing.com
"Nexi’s payment services will be integrated within Microsoft’s Commercial Marketplace, enabling Independent Software Vendors (ISVs) to incorporate omni-channel payment options into their business applications."
On the wires
Paysafe Offers Network Tokenisation Service for Merchants with Visa
Business Wire
"Paysafe, a leading payments platform, announces the extension of its collaboration with Visa, a world leader in digital payments, to integrate Visa Network Tokens, as an alternative to primary credit and debit card account numbers."
Mastercard JV Approved to Begin Domestic Payments Processing in China
Business Wire
"Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China and the National Administration of Financial Regulation to commence domestic bankcard clearing activity in China."
November 17, 2023
On the web
Federal Reserve Board Announces Pricing for Payment Services
Board of Governors of the Federal Reserve System
"The Federal Reserve Board on Friday announced pricing, effective January 2, 2024, for payment services the Federal Reserve Banks provide to banks and credit unions...The Reserve Banks will maintain the previous year's fee schedule for the FedNow® Service, inclusive of discounts."
Mastercard: Consumers Too Comfortable with Cash for CBDCs to Take Off
Blockonomi
"Mastercard believes central bank digital currencies face adoption difficulties currently, citing consumers' familiarity with existing money and the challenges in implementing infrastructure."
Stripe and Vesta Partner to Increase Authorizations and Stop Fraud
Vesta
"Vesta, a leading transaction guarantee platform, today announced a partnership with Stripe, a financial infrastructure platform for businesses, to enable a comprehensive fraud prevention and risk protection solution that indemnifies merchants from losses from fraudulent transactions."
Launch of Cross-Border Qr Payments Linkage Between Indonesia and Singapore
MAS
"Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore."
November 16, 2023
Top Post
Visa Australia Proposes Preferential Interchange Rate for SMEs
Electronic Payments International
"Visa is proposing to reduce the interchange fee paid by small merchants to a flat rate of only 2.2 cents for in-store transactions."
On the web
Adyen Launches Capital for Australia Platform Customers
Adyen
"Adyen has launched Capital, a product that enables businesses on Adyen for Platforms offer timely access to funding for their small and medium-sized business (SMB) users in Australia. Capital enables platforms to proactively offer business financing to their SMB users based on historic payments data."
Inclusivity in Payment and Commerce Is Core to Ant International’s Expansion Strategy
KrASIA
"Fostering global commerce inclusivity is central to Ant International’s “4T” strategy, underpinned by its four key business pillars: Alipay+, Antom, WorldFirst, and Anext Bank."
New Visa Report Tells Consumers to Stay Alert this Holiday Shopping Season
Visa
Visa Inc. revealed its Holiday Edition Threats Report, which anticipates heightened scam activity during the holiday season across both card-present (CP) and card-not-present (CNP) transactions.
On the wires
One Inc and J.P. Morgan Payments Team Up to Elevate Property and Casualty Insurance Claims Payments
Business Wire
One Inc. and J.P. Morgan Payments announced they are working together – enabling insurance carriers to leverage J.P. Morgan’s comprehensive liquidity and payments capabilities as part of One Inc’s digital claim payouts platform, further digitizing and deepening the claims experience.
Visa and Tencent Financial Technology Extend Global Partnership to Facilitate Remittances to Digital Wallets Utilising Visa Direct
PR Newswire
"Visa and Tencent Financial Technology announced at the Singapore Fintech Festival 2023 that they are partnering to enable Weixin users to receive inbound remittance in their digital wallets."
November 15, 2023
Top Post
Payments-App War Drags Banks Into Discomfort Zone
Reuters
"Zelle, the payment service owned jointly by seven of the biggest names in household finance, has tweaked its policy and started compensating casualties of some fraud."
On the web
Introducing Venmo Groups
PayPal Newsroom
"Venmo announced the introduction of Venmo Groups, a new in-app feature that lets users easily track, split, and manage multiple or ongoing expenses among groups like friends, family, roommates, partners, and more."
On the wires
Bank of America Continues to Rank No. 1 for Online Banking Experience as Personalized PFM Trend Advances and RTP Surfaces
PR Newswire
"Keynova Group, announced the results of the Q4 2023 edition of its semi-annual Online Banker Scorecard with Bank of America once again ranks No. 1 with the highest Overall Score for its digital customer experience in Keynova Group's competitive evaluation of 18 leading U.S. retail banks."
November 14, 2023
On the web
Mastercard and NEC Collaborate to Advance In-Store Biometric Payments [Asia Pacific Region]
NEC
"The partnership will bring the Biometric Checkout Program to the Asia Pacific region, expanding reach across the globe."
Worldline Now Enables Tap to Pay on iPhone for Large Businesses in France
Worldline
Worldline a global leader in payment services, announced it has enabled Tap to Pay on iPhone for large merchant customers in France.
On the wires
Klarna Expands Growth Tools for Retailers and Creators Through Global Rollout of Creator Shops and Ads Manager
PR Newswire
"Klarna announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective ways and enhance the shopping experience for consumers."
Tranch Sets New Standard for B2B Payments, Unveiling Next-Gen Solutions for Enterprises
Business Wire
Tranch has rolled out its expanded product to major enterprise clients across the US. Tranch is a full suite of payment options including its Pay Now, Pay by Card and Pay Later product.
Feedzai and Corecard Partner to Protect Processing Market Against Rising Fraud Levels Using Advanced AI
Business Wire
"Feedzai has partnered with CoreCard, the gold-standard international provider of prepaid and credit technology solutions and processing services to banks and the financial technology and services market."
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