Payments News

On The Web

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Regulation

U.S. State Banking Regulators Drop Lawsuit Over Fintech Charters

“A group of U.S. state banking regulators dropped its lawsuit seeking to block the federal government from granting bank charters to fintech companies on Thursday, after the company that was first in line modified its business plan. The Conference of State Bank Supervisors (CSBS) sued the U.S. Comptroller of the Currency (OCC) in 2020, arguing […]
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Security

Nacha Brings Verification of Payment-Related Data to Its Phixius Network

“As part of its effort to help users of its Phixius payment-data network mitigate fraud and enhance payment-routing certainty, Nacha announced Thursday the network will enable originators, fintechs, and financial institutions that originate and receive electronic payments to verify payment-related information, such as account ownership, account numbers, and routing information.”
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Systems

Why Brazilians Are Turning to Stablecoins Like Tether

“Amid record inflation and a constant devaluation of their local currency, Brazilians are turning to cryptocurrencies and, in particular, stablecoins as never before. According to Receita Federal, the Brazilian tax authority , between January and November 2021, locals traded $11.4 billion in stablecoins and almost tripled the total traded in 2020. Stablecoins also traded $10.8 […]
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Deals

Fresh Round of $355M Lifts Online Checkout Company Bolt Into Decacorn Territory

“Checkout technology company Bolt continues to make quick work of attracting new capital. The company announced Friday $355 million in Series E financing to give Bolt an $11 billion valuation, according to sources close to the company. Bolt’s one-click checkout product aims to give businesses the same technology Amazon has been known for since 1997, […]

On The Wires

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Systems

NCR Completes Acquisition of Cryptocurrency Leader LibertyX

“NCR Corporation (NYSE: NCR), a global enterprise technology provider, today announced the completion of the previously announced transaction to acquire LibertyX , a leading cryptocurrency software provider. LibertyX is a strong strategic fit for NCR because it accelerates NCR’s ability to rapidly deliver a complete digital currency solution to its customers, including the ability to […]
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Domains

Nuvei Partners With Wix to Process Payments

“Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the global payment technology partner of thriving brands, today announced a partnership with Wix (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence to facilitate payment processing for Wix merchants in North America. This integration will deliver fast, seamless and […]
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Use

Waystar Accelerates Patient Consumerism in Healthcare Payments

“Waystar’s patient financial experience solutions, including the industry-leading PatientWallet®, drives patients’ digital adoption of the payment process with personalized omnichannel engagements. Waystar orchestrates patient payment journeys at scale by annually generating $4B in out-of-pocket estimates, processing $5B in patient payments and actively managing 30M+ patient digital wallet accounts with more than $1B in patient payment plans. Providers across all healthcare settings […]
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Deals

FundThrough Acquires BlueVine’s Invoice Factoring Business

“FundThrough , a financial technology platform that solves cash flow challenges for growing businesses through fast invoice payments, today announced that it has acquired the invoice factoring business of financial technology company BlueVine . The acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. market, doubling the […]