Payments News

On The Web

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Companies

Visa’s Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department

“Visa Inc.’s $5.3 billion deal to buy a key player in the financial-technology space is in jeopardy because of antitrust concerns, according to people familiar with the matter. The Justice Department could decide soon whether it will sue to block Visa’s acquisition of Plaid Inc., a firm that provides the technological infrastructure underpinning an array […]
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Companies

TikTok partners with Shopify on social commerce

“TikTok is further investing in social commerce with today’s announcement of a new global partnership with e-commerce platform Shopify. The deal aims to make it easier for Shopify’s over 1 million merchants to reach TikTok’s younger audience and drive sales. The partnership will eventually expand to include other in-app shopping features, as well, the companies […]
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Companies

Ant Group Set to Raise $34 Billion in World’s Biggest I.P.O.

“Ant Group, the Chinese financial technology titan, is set to raise around $34 billion when its shares begin trading in Hong Kong and Shanghai in the coming weeks, which would make its initial public offering the largest on record. The company, the parent of the Alipay mobile payment service, priced its shares around $10.30 apiece, […]

On The Wires

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Companies

Early Warning and The Clearing House Complete Critical Integration Milestone of the Zelle® and RTP® Networks

“Early Warning Services, LLC. (EWS), the owner and operator of the Zelle Network®, and The Clearing House (TCH), the operator of the RTP® network, today announced that financial institutions can now settle Zelle payments over the RTP network, the real-time payment system in the United States. PNC Bank and U.S. Bank have successfully completed a […]
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Companies

American Express and Uber Expand Partnership to Introduce New Offerings for Platinum, Gold & Green Card Members

“American Express (NYSE: AXP) and Uber today announced an exclusive new offer for U.S. Consumer Platinum, Gold and Green Card Members and an Uber Cash benefit for Gold Card Members to bring their next at-home dining experience right to their doorstep and support the local restaurants in their communities. Starting today, U.S. Consumer Platinum, Gold […]
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Companies

Western Union Expands Real-Time Payout

Western Union, announced it has further expanded its global digital network for funds payout and increased the availability of real-time payouts, advancing the company’s goal of building the world’s largest funds collection and distribution network to meet the growing customer demand for transparency, immediacy, and reliability.
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Companies

500 million additional touch-free Visa payments as European contactless limits increase

“Visa announced that it has processed more than half a billion additional touch-free payments, where previously consumers would have needed to use a PIN pad, since contactless limits were increased in more than 29 countries across Europe. COVID-19 has transformed contactless payment from a nice-to-have to a must-have. The ability to pay digitally in-stores is […]