On The Web

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Risk

Welcome to Britain, the Bank Scam Capital of the World

October 14 2021

“The country’s super-fast payments infrastructure, relatively light policing of fraud-related crime, plus its use of the world’s most widely used language English, also made it an ideal global test bed for scams, the banks and specialists added. A British record of 754 million pounds ($1 billion)was stolen in the first six months of this year, […]

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Deals

Highnote Emerges From Stealth With $54M and a Plan to Take on Marqeta in the World of Card Issuing As a Service

September 29 2021

“Fintech startups have thrown a curve ball into the world of financial services by building more flexible, cheaper and user-friendly tools to businesses and consumers, who in turn are walking away from older incumbents and taking their custom to newer providers. In the latest development, a startup called Highnote is launching with ambitions to make […]

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Domains

Online Powerhouse GoDaddy Takes the Next Step With Card-Present Transactions

September 29 2021

• in
• POS

“GoDaddy Inc., which launched GoDaddy Payments in June to unify its transaction services following its December deal to buy point-of-sale terminal maker Poynt Inc., released a countertop payment terminal and mobile card reader with lower fees than most competitors. Merchants will pay 2.3% per card-present transaction and 2.3% plus 10 cents per e-commerce transactions. Keyed […]

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Systems

Ripple Starts $250 Million Fund to Woo Would-Be NFT Creators

September 29 2021

• in
• Cryptocurrencies

“Ripple Labs Inc. is starting a $250 million fund to help creators of non-fungible tokens, in another sign of just how hot the NFT market has gotten. The Creator Fund will provide NFT creators with the financial, creative and technical support needed to explore and craft premium NFTs and other tokenization projects on the XRP […]

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Providers

Affirm to Debut Crypto, Debit Products in Push Toward Super App

September 29 2021

“Affirm Holdings Inc. is planning to debut a debit card and allow customers to buy and sell crypto directly from savings accounts they have with the company as part of a broader push to become a one-stop shop for consumers’ financial needs.  Affirm — known for letting customers split up purchases and pay them off […]

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Providers

Bank Mergers Are On Track to Hit Their Highest Level Since the Financial Crisis

September 29 2021

• in
• Banks

“It is a sharp turnaround from last year, when the economy spiraled and many regional and community banks put merger plans on the shelf. Now, bank executives are feeling more certain about what the future holds, but some are finding it hard to make it on their own. Though the economy has in many ways […]

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Glenbrook

What’s the intersection of digital currency and the payments ecosystem?

September 28 2021

Cryptocurrencies are dominating economic headlines. From the rise of NFTs to El Salvador making Bitcoin legal tender, there’s never a quiet day on the crypto frontlines.  And yet, amid all of the conjecture, no one has truly addressed the most pressing question: What’s the intersection of digital currency and the payments ecosystem? On October 20 – […]

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Global

More African Countries Dive Into a Cashless Future With New MTN, Flutterwave Deal

September 28 2021

“MTN’s new deal with payments technology firm, Flutterwave is set to deliver cash to mobile wallets of more Africans via MTN Mobile Money (MoMo) with the planned expansion in Cameroon, Côte d’Ivoire, Rwanda, Uganda, and Zambia. This digital move is primed to plug millions of unbanked people in those countries into mainstream financial services and […]

On The Wires

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Providers

Discover Expands Its College Payment Solutions Through Partnership With Phood’s Meal Delivery Program

September 29 2021

“Discover, a leading digital bank and payments company, will be supporting Phood’s new meal delivery program for college students by opening up access to merchants that run on the Discover network. This industry-first partnership will provide a mobile app that allows higher education students to easily sign-up, and load their meal plan and flex plan […]

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Providers

Payrailz Launches New Action Insight®, Miss a Payment

September 29 2021

“Payrailz ®, a digital payments company offering smarter, more engaging payment experiences to banks and credit unions across the United States, has launched its newest Action Insight®, Miss a Payment. Action Insights are an integrated product offering that helps financial institution users manage their finances by leveraging data-based intelligence, AI and machine learning capabilities to […]