A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

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April 29, 2024

On the wires

November 20, 2023

On the wires

June 27, 2023

On the wires

Paysafe Report Reveals Need for Consumer Education to Propel AI Payments Into the Mainstream

Business Wire

"With artificial intelligence (AI) being one of the most talked about technologies of 2023, consumers are gradually growing their understanding of its role in the payments process. Research* among over 14,000 consumers commissioned by global payments platform Paysafe (NYSE: PSFE) highlights the extent of the potential for the technology in payments if the current lack of consumer awareness and comfort are addressed."

May 3, 2022

On the web

Paysafe Extends Collaboration with Visa to Offer Real-Time Customer Payouts

Seeking Alpha

“Paysafe announced the extension of its collaboration with Visa to integrate Visa Direct, Visa’s real-time push payments platform.  Paysafe will offer Visa Direct to merchants, exchanges, operators and other online businesses in the UK and Europe in industries like Paysafe will offer Visa Direct to merchants, exchanges, operators and other online businesses in the UK and Europe.  The new integration enables merchants to access the Visa Direct service through Paysafe’s single point of connection, to enable push payments to eligible Visa cards for domestic payouts, and to eligible Visa cards and accounts for cross-border payments.”

September 30, 2021

On the web

Paysafe Streamlines Payments for Interactive Wagering With Fubo Gaming in US

Yahoo

“Paysafe, a leading specialized payments platform, today announced a partnership with Fubo Gaming , the Chicago-based subsidiary of leading sports-first live TV streaming platform fuboTV Inc. Expected to launch in Q4 2021 subject to obtaining requisite regulatory approvals, Fubo Gaming’s mobile sportsbook, Fubo Sportsbook, will plug into Paysafe for credit and debit card payments, the Skrill USA digital wallet, and paysafecard and Paysafecash eCash solutions.”

March 10, 2021

On the wires

Paysafe accelerates delivery of cloud strategy using Microsoft Azure

“Leading specialised payments platform, Paysafe, announces today a new multi-year, global deal which will see Microsoft support Paysafe’s strategic move to cloud-based transaction services. As part of the collaboration, Paysafe is leveraging Microsoft Azure’s open and flexible cloud computing platform and tools for its US payment processing and merchant services. This will enable more agile delivery methods and establish a scalable global cloud footprint for Paysafe’s Card Present transaction systems.”

December 7, 2020

On the web

Paysafe Is Near a $9 Billion Deal to Go Public

Bloomberg (paywall)

Paysafe Group Ltd. , the online payments firm backed by Blackstone Group Inc. and CVC Capital Partners, agreed to go public by merging with a blank-check firm led by billionaire Bill Foley. The deal with Foley Trasimene Acquisition Corp. II values Paysafe at about $9 billion including debt, the companies said in a statement Monday. The special purpose acquisition company will raise $2 billion in a private placement to help fund the transaction.”

July 10, 2018

On the web

Paysafe Extends Reach Of Skrill Money Transfer Service

Mobile Payments Today

“Paysafe has extended the reach of its money transfer service, Skrill Send Direct, to nine countries, according to a press release. Skrill customers can now transfer money from anywhere in the world to bank accounts and mobile wallets in a total of 45 countries. The nine new countries added are Colombia, Ecuador, El Salvador, Guatemala, Honduras, India, Morocco, Venezuela and Vietnam.”

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