On The Web

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Domains

Breaking up with Venmo: The best payment apps for privacy and low fees

July 22 2021

“This isn’t the first time Rosenthal — who estimated he receives about 30 Venmo deposits from customers every month — has had to rethink his approach to cashless payments. He started using Venmo after leaving PayPal because of its hefty fees. Now, he’s considering going back to paper checks.”

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Deals

Online Checkout Startup Bolt Valued at $4 Billion

July 21 2021

• in
• Remote Commerce

“Bolt, a San Francisco-based startup that offers software for online shopping, is raising $333 million in Series D funding at a post-investment valuation of $4 billion, nearly five times its valuation in December, according to three people familiar with the matter. London-based venture firm Hedosophia is leading the round, said one of the people. Six-year-old […]

On The Wires

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Domains

EMQ Bolsters Real-Time Cross-border Payments Across Southeast Asia With Expansion to Thailand

July 22 2021

• in
• Cross-border payments

“Global financial settlement network EMQ today announced that it has significantly augmented its real-time cross-border payments across Southeast Asia by adding Thailand’s PromptPay to the network. This major enhancement further expands our global payment capabilities into Thailand, providing global enterprises with the most comprehensive financial solutions to capture new opportunities across the markets.”

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Deals

Visa to Acquire Currencycloud

July 22 2021

• in
• Cross-border payments

“Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. The acquisition builds on an existing strategic partnership between the two companies and values Currencycloud at £700 million, inclusive of cash and retention incentives. […]

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Domains

Barclaycard Payments Signs up to Mastercard Track Business Payment Service to Modernise Business Payments

July 22 2021

• in
• B2B

“Barclaycard Payments today announces it has agreed to join Mastercard Track™ Business Payment Service, making new services available to Barclaycard Payments’ customers later this year. The innovative, open loop network delivers value to both Buyers and Suppliers by simplifying and automating the set up and execution of business payments using multiple payment rails and enhancing […]

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Domains

Fiserv Integrates E-Commerce Solutions Into Its Portfolio in Mexico

July 21 2021

• in
• Remote Commerce

“Fiserv Inc. , a leading global provider of payments and financial services technology, today announced the integration of a cutting-edge fraud prevention solution into its e-commerce payment gateway to reduce the fraud-related chargeback risk for Mexico’s online commerce. The Vesta fraud prevention platform helps secure online payment transactions, reduces the decline rate, and includes a “Zero Chargeback […]

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Deals

Thunes Acquires Limonetik to Accelerate Rollout of Global Payment Collections

July 21 2021

• in
• Cross-border payments

“Cross-border payments leader Thunes today announced the acquisition of Limonetik, a European Payment Methods Platform. This move will complement existing Thunes Cross-Border Payments solutions by enabling businesses to get paid in 70 countries, using over 285 local payment methods such as mobile wallets, payment by instalments (BNPL), QR code payments and more. The solution will […]

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Domains

Veem Introduces Product Suite, Offering No-fee End-to-end Payment Experience for Domestic and Cross Border Transactions

July 21 2021

• in
• B2B

“Veem, a leading provider of online payment solutions, today announced the release of a suite of products including Veem Invoicing and Veem Collections to help small businesses Pay and Get Paid. The new suite of products provide an end-to-end, industry-first payment solution that enables small businesses to collect and receive payments in local and multi- currencies […]

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Domains

BlackLine and Kyriba Partner to Streamline Digitalization of the Office of the CFO

July 21 2021

• in
• B2B

“Accounting automation software leader BlackLine , Inc. (NASDAQ: BL) and Kyriba , a global leader of cloud-based finance and IT solutions, today announced that they are joining forces to streamline the digitalization of the Office of the CFO and improve collaboration between Finance and Treasury departments. The partnership offers enhanced capabilities for mutual customers through […]

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Deals

InComm Payments Invests in Instant Financial, Establishes Strategic Partnership Supporting Earned Wage Access | InComm

July 21 2021

• in
• Income

“InComm Payments , a leading payments technology company, today announced that it has made an undisclosed investment in Instant Financial , a leading provider of fee-free earned wage access (EWA) solutions. Established in 2015, Instant is a financial wellness company that helps employees bridge the gap between workday and payday by allowing them to access […]