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July 21, 2022

On the web

Airwallex Launches Online Payments App on Shopify


“Airwallex, a leading global fintech platform, announced the launch of its Airwallex Online Payments App on Shopify. The Airwallex Online Payments App is a payment gateway plugin that merchants can integrate on their online store to accept payments from their global customers. This new app is offered through Airwallex’s payment acceptance solution that covers a wide range of payment methods. These payment methods include Visa, MasterCard and UnionPay bank cards, and 30+ other local payment methods across the Asia-Pacific and Europe, such as GrabPay in Southeast Asia, WeChat Pay in APAC, and Bancontact and Sofort in Europe.”

April 7, 2022

On the wires

BlueSnap Launches Embedded Payments Suite to Help Software Platforms Maximize Revenue Globally

BlueSnap , a global payment orchestration platform committed to helping B2B and B2C businesses accept and optimize payments around the world, has launched its Embedded Payments and Payfac-as-a-Service offering for software platforms looking to scale their customer base globally. BlueSnap has been helping software platforms monetize their payments for several years with their Integrated Payments for Platforms. The new Embedded Payments and Payfac-as-a-Service suite expands and innovates on this to include three new products: BlueSnap Dash™, BlueSnap Relay™ and BlueSnap Flex™.”

February 24, 2022

On the wires

Olo Launches Olo Pay, A Fully-Integrated Payment Platform Enabling Restaurants To Grow And Protect Their Digital Business

Olo (NYSE: OLO), a leading on-demand commerce platform powering the restaurant industry’s digital transformation, today announced commercial availability of Olo Pay, a comprehensive payment platform that enables Olo’s network of restaurant brands to jointly reach 85 million connected consumers. Olo Pay is an easy-to-launch payment solution that provides everything restaurants need to drive sales, reduce fraud, and simplify day-to-day payment processes.”

February 17, 2022

On the wires

Buy It Mobility Launches BuyPass – Giving Merchants A Better Payment Solution

“Buy It Mobility (BIM) Networks Inc., a leading digital payments infrastructure platform, today announced the launch of its “BuyPass” product, which will enable merchants to access and leverage branded payment alternatives much more easily… BuyPass gives retailers the ability to get their pay-by-bank (ACH) and merchant-branded payments programs up and running more seamlessly by dramatically reducing their integration lift and enabling faster speed to market…With this new solution, as an extension of their strategic partnership, BIM will leverage Discover’s established network and virtual card solution to help facilitate merchant-branded ACH transactions.”

February 16, 2022

On the wires

Trustly Introduces FlexPay by Trustly, a Deferred Settlement Product for Flexible Payments

“Trustly, the leading global payments platform for digital account-to-account transactions, is proud to introduce FlexPay by Trustly, a new product that gives consumers the flexibility to defer the settlement date of a debited amount to a date in the future. Merchants will have the ability to configure the deferred settlement periods to up to 30 days.”

February 2, 2022

On the web

Israel’s $10 Billion Answer to Stripe Wants to Crack U.S. Market


“Israel’s most valuable private technology company is in talks to buy a U.S.-based business to establish a foothold in the world’s biggest economy ahead of an initial public offering. Breaking into the U.S. is part of plans by payments startup Rapyd , last valued at $10 billion in August, to increase its attractiveness to American investors for a potential listing in two to three years, according to Chief Executive Officer Arik Shtilman.”

January 28, 2022

On the wires

Weave Surpasses $1B in Payments Processed

“Weave (NYSE: WEAVE), the all-in-one customer communication platform for small business, today announced the company has surpassed $1 billion in payments processed through Weave Payments. With recent enhancements to its payments offerings, this milestone is significant as Weave continues on its mission of becoming an essential software for small businesses.”

January 26, 2022

On the wires

January 20, 2022

On the wires

IXOPAY Partners With GoCardless

“The leading payment orchestration platform, IXOPAY, partners with GoCardless, a leading fintech in direct bank payment solutions. This partnership will make it easy for merchants to collect both recurring and one-off payments across over 30 countries…Merchants that use GoCardless via the IXOPAY platform can streamline their recurring payments across Europe, North America, and Australia by leveraging the company’s global bank debit network. GoCardless also uses the power of Open Banking to fight fraud by verifying mandates at the time of creation, and to collect payments instantly, offering a low-cost alternative to cards for merchants that take one-off payments.”

December 6, 2021

On the wires

Payment Service Provider LianLian Global Achieves Full US Coverage

“LianLian Global, a leading cross-border payment service provider (PSP), has successfully obtained money transmitter licenses in all 50 US states. This complete coverage increases LianLian Global’s value to US customers as a PSP. It also boosts the value to platforms, banks, and marketplaces who depend on a partner that can execute flawlessly and protect their business from compliance headaches and risky/expensive middlemen. So no matter where an ecommerce seller is based in the 50 states, it can now work with LianLian Global to manage funds globally with a multicurrency wallet, pay suppliers and collect from overseas marketplaces.”

December 3, 2021

On the wires

Dwolla and Infinicept Partner to Complement Core Payment Offerings

Dwolla , a fintech providing sophisticated account-to-account payment solutions for innovative businesses, announced a partnership with Infinicept to provide software companies with the maximum flexibility and benefit in payment processing…Infinicept and Dwolla are both neutral providers that supply maximum flexibility to software companies looking for a payment service provider. This partnership makes account-based payments more seamless, easier to integrate into existing systems and decreases the development overhead required to implement and manage a payments program. Infinicept adds sophisticated account-to-account payments to its toolbox while Dwolla adds a payment operations provider to its partner ecosystem, increasing the payment options for businesses and their customers.”

November 17, 2021

On the web

SumUp Opens Business Accounts for Fast-growing Merchants

Finextra Research

“London-based global payments service provider SumUp today announces the launch of a new Business Account solution for SumUp merchants in the UK, and almost a dozen European markets. The Business Account from SumUp is central to the evolution of the company’s core package, as it looks to expand its merchant offering. Upon launch, the solution will enable over 130,000 merchants to get paid into their business account.”

June 15, 2021

On the web

Dwolla Streamlines Coding With Quicker API Integration

American Banker

“Payments provider Dwolla has simplified the process for using its application programming interface, saying it cuts down on thousands of lines of code. The Drop-In Components help developers with or without technical experience integrate into Dwolla payments platforms , while following U.S. information verification regulations. U.S. regulations require that payments companies collect certain information to verify the accounts they create, including accounts on the Dwolla platform. Collecting information about “beneficial owners,” or those who control 25% or more of a company, is required. Dwolla’s customers can add or remove beneficial owners through a user-interface that ensures information like social security numbers or birth dates do not enter the server.”

June 11, 2021

On the web

How Payments Disruptors Are Entering Financial Services

Insider Intelligence

“Payments service providers are building an array of financial services to compete with financial institutions (FIs). Lending, bank account products, issuing, and other services that have been FIs’ bread and butter are being challenged in a bid to add more revenue opportunities and engender greater loyalty. These payment disruptors, such as Square, Stripe, and Shopify, are using their existing relationships with small businesses to attract clients away from FIs and persuading them to use their own financial offerings. Two trends are powering service providers’ pushes into financial services: one from their own industry and another from banks and fintechs.”

April 13, 2021

On the wires

Paya Delivers Significant Enhancements for Sage 100 and Sage Intacct As Sage’s U.S. Preferred Payment Provider

“Paya (Nasdaq: PAYA), a leading integrated payments and commerce solutions provider, announced today this it has released enhanced e-invoicing capabilities for Sage 100, as well as Cloud EMV acceptance for Sage Intacct. The new features further automate collection and reconciliation of card and ACH payments, and provide plug-and-play, cloud-based EMV point of sale terminals to accept EMV, magstripe, and contactless payments. Customers using the latest release of Sage 100 can leverage Paya’s enhanced customer portal and e-invoicing capabilities to reduce days-sales-outstanding (DSO) through invoice and self-service automation.”

March 19, 2021

On the web

March 2, 2021

On the wires

Spreedly Launches New Partnership Program for Payment Service Providers

“Spreedly, the provider of a secure, agnostic, and flexible platform that welcomes all payments participants, today announced the creation of a new partnership program built for gateways and other Payment Service Providers (PSPs).   The Partnership Program was created to further support a vision for a diversified and inclusive payments ecosystem — one offering connectivity and flexibility for all players, including payment service providers globally.”

February 5, 2021

On the wires

PayU and Silverflow Partner for Revolutionary Card-acquiring for PSPs

“PayU, the fintech and e-payments business of Prosus, today announces its partnership with Silverflow, the cloud-based payments processing startup, to offer Payment Service Providers (PSPs) globally a new card acquiring process. By combining Silverflow’s direct connection to the card networks with PayU’s expansive acquiring capabilities, the move will revolutionise processing and settlement within the card acquiring process and drive innovation across the wider payments industry.”

January 12, 2021

On the wires

Worldline Launches Data As a Service Platform for Online Payments

“Worldline [Euronext: WLN], the European leader in the payments and transactional services industry, today announced the launch of its first ever Data as a Service (DaaS) platform for payments, Ingenico Insight. The state-of-the-art solution features the latest in machine learning (ML) and data science capabilities for payments combined with an intuitive and tailored user experience. Ingenico is part of Worldline since October of 2020 and offers merchants smart, trusted and secure solutions to empower commerce.”

December 15, 2020

On the wires

December 1, 2020

On the wires

Nuvei to Acquire Base Commerce, LLC, a Leading Provider of Integrated Payment Solutions

Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a purchase agreement to acquire substantially all of the assets of Base Commerce, LLC (“Base”), a leading provider of integrated payment solutions. The transaction is expected to close on or about December 31, 2020, subject to customary closing conditions. Founded in 2008, Base is a technology-driven payment processing company specializing in bankcard and ACH payment processing solutions.”

October 7, 2020

On the wires

Payrix Announces International Expansion as Digital Commerce Heats Up

“Payrix, the acknowledged leader in embedded fintech, today announced its official launch into Australia and New Zealand – as it completed the acquisition of Brisbane-based payment service provider, IntegraPay. The company’s expansion efforts will remove barriers, boost revenue and accelerate money movement for a network of growing software-as-a-service (SaaS) clients with operations overseas.”

NMI Simplifies EMV And Contactless Payment Integration With Launch Of ChipDNA Cloud

NMI , a leading payments enablement technology company, today announced the launch of ChipDNA Cloud, an API that simplifies EMV and contactless payments integration for independent software vendors (ISVs), independent sales organizations (ISOs) and merchants. ChipDNA Cloud, the newest addition to the ChipDNA payments technology stack, is designed to serve industries that require seamless card present payments, including healthcare, dental, retail and more.”

September 18, 2020

On the web

August 31, 2020

On the web

Payment Tech Firm Nuvei Prepares to File for IPO Led by Goldman

Bloomberg (paywall)

Nuvei Technologies Corp. , a seller of payment technology to merchants and software vendors, is preparing to file for an initial public offering in the U.S. and Canada next month, according to people familiar with the matter. Montreal-based Nuvei was valued at $2 billion in December, when shareholders Caisse de depot et placement du Quebec and private equity firm Novacap Investments Inc. helped it raise $270 million in equity.”

August 11, 2020

On the wires

June 25, 2020

On the wires

GoCardless Named a Leader in ‘Payment Processing’ and ‘Subscription Revenue Management’ Software in G2 Grid® Product Ranking Reports

GoCardless , the leading fintech for recurring payments, today announced that it has been included in three new G2 Grid Reports released this week. Based on the positive reviews it received from verified users, who compared GoCardless to similar SaaS-based payment processing offerings, GoCardless is positioned as a Leader in the Summer 2020 G2 Grid reports for Payment Processing and Subscription Revenue Management software. GoCardless is also positioned as a High Performer in a third G2 Grid Report for Enterprise Payment software solutions.”

June 16, 2020

On the wires

F1 Payments, Cross River and RS2 Partner to Offer Payment Processing Services

F1 Payments , Cross River Bank (“Cross River”) and RS2 Software today announced their partnership to deliver best-in-class payment processing services throughout North America. F1 Payments will utilize RS2’s global processing platform and Cross River’s sponsorship service to process payments for physical and virtual businesses. Merchants gain access to breakthrough products and services with unique capabilities that drive superior payments, giving them the ability to optimize customer experiences and minimize the time, effort and costs associated with managing their payments.”

June 15, 2020

On the web

Hit by Coronavirus—and a 30% Holdback by the Payment Processor

Wall Street Journal (paywall)

“Payment processors tell customers they will take care of the nagging details. But lately they are emerging as yet another headache for businesses hit hard by the new coronavirus. Processors like PayPal Holdings Inc., Stripe Inc., Square Inc. and Worldpay are making some businesses wait additional days or weeks to access funds deposited in their accounts, citing the need to protect themselves against possible losses when people who have bought airline tickets, vacation packages and some other goods and services seek refunds.”