Payments News

On The Web

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Companies

Plaid Plans to Double Europe Staff After Visa Deal Falls Through

“Financial-technology firm Plaid Inc. is planning to nearly double its size in Europe, focusing on expanding the business’s global reach after Visa Inc. ’s $5.3 billion acquisition fell through . Plaid will have about 80 employees in its London and Amsterdam offices by the end of 2021, up from 40 to 50 currently, Keith Grose, […]
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Companies

UBS Fund Pursues $400 Million Stake in SoftBank-Backed Paytm

“UBS Group AG is in talks to invest $400 million in Paytm, the most valuable Indian startup, in a bet on the surging digital payments market in the world’s second-most populous country, people with knowledge of the matter said.    A fund run by UBS’s asset management arm is in discussions to buy a stake […]
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On The Wires

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Companies

GM, Goldman Sachs and Mastercard to Collaborate on New Credit Card Programs

“The Goldman Sachs Group, Inc. (NYSE: GS) and General Motors Co. (NYSE: GM) along with Mastercard (NYSE: MA) announced today the formation of a multi-year relationship for co-branded rewards-based credit cards. Goldman Sachs will be the issuing bank for GM’s credit card programs, with a targeted start of September 2021. Mastercard will remain network of […]
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Companies

Nacha Announces Finicity As a Preferred Partner for Account Validation | Nacha

“Finicity, a Mastercard company, is now a Nacha Preferred Partner for Account Validation through Finicity Pay™, an integrated solution set of Finicity’s open banking platform. In becoming a Preferred Partner, Finicity joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.”
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Companies

Walgreens Expands Financial Services Business Strategy, in Partnership With Synchrony and Mastercard

“Walgreens is expanding its financial services offering in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as part of its ongoing commitment to offer differentiated healthcare services and benefits to customers. In the coming months, Walgreens will launch credit cards, issued by Synchrony, as well as a prepaid debit card, both of which will […]
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Companies

Visa and Plaid Announce Mutual Termination of Merger Agreement

“Visa Inc. (NYSE: V) and Plaid today announced that the companies have terminated their merger agreement and agreed with the Department of Justice to dismiss the litigation related to the proposed transaction. The proposed transaction was first announced on January 13, 2020.”
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Companies

ACI Worldwide and JCB Boost Merchant Acquiring Capabilities With Successful Global Rollout of Web API Payment Solution

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions , and JCB International Co., Ltd. (JCB), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, today announced that JCB has completed the successful global rollout of its JCB Web API Service, including its Web API-based […]
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Companies

Nacha Announces ECS Fin As a Preferred Partner for Corporate Remittance and Data Routing | Nacha

“ECS Fin is now a Nacha Preferred Partner for Corporate Remittance and Data Routing. In becoming a Preferred Partner, ECS joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network… ECS Fin specializes in designing and developing software solutions that […]
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Companies

Walmart Announces Creation of New Fintech Startup

“Today, Walmart announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions. The new company is a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored […]