Payments News

On The Web

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Providers

U.S. Senate Votes to Repeal ‘True Lender’ Banking Rule Issued Under Trump

“The U.S. Senate voted on Tuesday to repeal a regulation introduced during former President Donald Trump’s administration that Democrats say allows predatory lenders to skirt state consumer protections. Lawmakers voted 52-47 to repeal the “true lender” rule, marking the first time Democrats have rolled back a Trump-era financial rule using the Congressional Review Act, a […]
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Global

UPDATE 1-Ethiopia’s State Telecoms Monopoly Launches Mobile Money Service

“Ethiopia’s sole mobile operator, Ethio Telecom, launched a mobile phone-based financial service on Tuesday, seeking to boost growth by offering cashless transactions. Mobile financial services have become a significant part of African telecom operators’ businesses since Kenya’s Safaricom pioneered them with M-Pesa in 2007, giving people an alternative to banks. The new service, telebirr, will […]
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Deals

German Payments Software Firm Serrala Put up for Sale -sources

“German payments software firm Serrala has been put up for sale as its private equity owner Waterland hopes to benefit from high sector valuations, people close to the matter said…Payment technology firms have seen a surge in business as people switch to digital transactions, raising their values…The fintech company makes software that manages all inbound […]
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Deals

Asym Capital Raises $15MM for ATMs

“Asym Capital (Asym) , a private equity group in Los Angeles, CA recently announced that they had placed over $15,000,000 in the ATM business over the last few months. Asym’s founder, Hunter Thompson, is confident that the ATM business isn’t going anywhere anytime soon, despite the recent discussions surrounding government-issued digital currencies.Read more: https://www.getnews.info/1128294/asym-capital-raises-15mm-for-atms.html#ixzz6uepc3eoz“
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On The Wires

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Systems

Diem Announces Partnership With Silvergate and Strategic Shift to the United States | Diem Association

“The Diem Association is pleased to announce a partnership between its wholly-owned subsidiary, Diem Networks US, and Silvergate Capital Corporation (NYSE: SI). Under this partnership, Silvergate Bank (“Silvergate”) will become the exclusive issuer of the Diem USD stablecoin. The Association is also announcing a strategic shift to the United States, resulting in a move of […]
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Domains

Bolt Launches Bolt SSO Commerce™: Redefining the Login Layer for Commerce to End Guest Checkout

“Bolt , the leading checkout experience platform, today announced the launch of Bolt SSO Commerce™, the first single sign-on checkout experience that helps retailers engage directly with their customers by turning anonymous, guest shoppers into logged-in account holders whose insights and feedback brands can use to offer more personalized shopping experiences…With Bolt SSO Commerce, a […]
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Risk

Payment Fraud Fears Grow; 65% of Consumers More Concerned About Fraud Than Before COVID-19, According to New Marqeta Survey

“As the pandemic drove consumers online en masse to make purchases, consumer anxiety around fraud saw a considerable spike, according to a new survey by Marqeta , the global modern card issuing platform. The company surveyed 2,000 consumers across the United States and United Kingdom about their experiences and attitudes toward payment fraud and how […]
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Domains

Paymode-X Expands Network With Billtrust’s Business Payments Network

“Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, announced today that Bottomline Technologies (NASDAQ: EPAY), a leading financial technology provider, will connect its Paymode-X payers to new card acceptance endpoints via Billtrust’s Business Payments Network (BPN). Bottomline customers are now able to use BPN’s connected platform of suppliers to quickly and […]