"Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant, the companies said on Monday."
"Payments giant Mastercard is working with Swoo Pay, an emerging markets-focused mobile payments app, to offer loyalty rewards in cryptocurrency and plug the gaps left by the likes of Google in the global payments landscape."
"In a move poised to transform the landscape of B2B commerce, Adyen, has forged a strategic partnership with Billie, a frontrunner in the Buy Now, Pay Later (BNPL) arena offer businesses across Europe a novel, cost-efficient payment alternative"
"Capital One Financial is set to acquire Discover Financial Services, according to a report from The Wall Street Journal. The deal could be announced Tuesday, the outlet said, citing sources."
"BBVA’s Turkish unit is launching another pioneering solution, the Bonus Platinum Biometric Card, allowing users to make payments in a secure manner by simply scanning their fingerprint."
"Visa has partnered with Checkout.com and Stake, MENA’s leading digital real estate investment platform, to introduce an innovative cross-border account funding solution."
"Federal financial regulators are exploring allegations by two whistleblowers that Cash App, the popular mobile payment platform, and entities providing transaction services to its users performed inadequate due diligence on customers, potentially opening the door to money laundering, terrorism financing and other illegal activities."
"In this post, light is shed on BNPL’s place in its users’ household finances, with a particular focus on how use varies by a household’s level of financial fragility."
"“It’s not about killing cards,” says Brad Goodall, the founder of London startup Banked, which struck a partnership with US firm FIS. It is aimed at driving new pay-by-bank offerings for consumers and businesses in the US, says Banked, which is backed by Bank of America."
"A new addition to the FedACH Risk® Management Services, the FedDetect Anomaly Notification is designed to help institutions identify anomalous activity and supplement fraud detection and alerting tools."
"Mitek Systems, Inc. introduced MiControl, a comprehensive fraud management console that works with Mitek’s Check Fraud Defender to quickly detect check fraud, reduce losses and further increase consumers’ online security."
"Bank of America and Starbucks Coffee Company announced a new partnership that offers Bank of America cardholders and Starbucks Rewards® members in the U.S. the ability to earn even more benefits by linking accounts."
"Klarna has launched "Sign in with Klarna" to offer consumers a smoother shopping experience with increased control over their own data."
"Mastercard and the Bank of Punjab have expanded their partnership to cover the commercial segment, ranging from large corporate entities and small and medium enterprises to freelancers and gig workers."
"Global branded payments provider Blackhawk Network announced the launch of Select Codes, an innovative digital code-to-catalog designed for businesses."
"NMI unveils NMI Payments, the comprehensive embedded payments solution for software companies, independent sales organizations (ISOs) and payment professionals."
Visa V.N on Wednesday said it received directions from the Indian central bank to halt all transactions for business payment solution providers (BPSPs) in commercial and business payments in the country.
"Stripe, a financial infrastructure platform for businesses, announced that it has been selected by Tokyu to power the multinational conglomerate’s new flat-rate subscription accommodation service."
"FIS® announced it has entered a strategic partnership with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers."
"Marqeta announced its new customer, Internet Travel Solutions (ITS), a leading provider of travel management software that will utilize Marqeta’s comprehensive credit card platform to launch a multi-use travel and expense (T&E) commercial credit card for the mid-sized business market."
"Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network securely handled 31.5 billion payments valued at $80.1 trillion in 2023."
"Experian® released its 2024 Future of Fraud Forecast, which identifies five fraud threats consumers and businesses should be cautious of this year."
NCR Atleos Corporation announced that American Express has selected Atleos’ Allpoint ATM Network to expand surcharge-free access in the United States to its Business and Consumer Checking customers later this year.
"Hear first-hand from leading experts in financial institutions that have been early adopters of the new standard to learn more about the concrete benefits it’s bringing them and gain actionable insights to help you develop your internal business case."
"This CPMI Brief highlights key payment trends as observed in the 2022 Red Book statistics."
"Weave, an all-in-one experience platform for small and medium-sized healthcare practices, announced a new Payment Plans feature to its payment suite to further streamline the payment process for businesses by allowing patients to pay their bill over time through automated, monthly charges."
"Global Payments is closing in on a deal to acquire Britain's Takepayments, expanding its business abroad that provides payment processing to retailers, two sources close to the matter told Reuters."
"Ripple announced that it has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets."
Mitsubishi Motors North America, Inc., has partnered with AutoFi Inc. and Santander Consumer USA to launch ClickShop 2.0, an industry-first digital solution. ClickShop 2.0 connects the car-buying journey from Mitsubishi Motors' Tier-1, and its dealer partner's Tier-3, websites directly to the Mitsubishi dealer showrooms, delivering an unparalleled and seamless shopping experience.
"ACI Worldwide announced a collaboration with RYVYL EU, a leading payments service provider (PSP) and acquirer in Central Eastern Europe (CEE), to help merchants across the region increase revenues through higher transaction conversion rates."