Payments News

On The Web

nbsp; nbsp;

Use

Recurly Adds Venmo, ‘Pay As You Go’ Options for E-commerce Sellers

“Playing off consumers’ desire to pay for only what they’ve consumed, subscription management and billing platform Recurly has added Venmo and a pay-as-you-go model to its platform. Recurly is making the options available in its launch of Wallet, which represents a major expansion in its payment capabilities portfolio for its e-commerce and digital services clients. […]
nbsp;

Use

U.S. House of Representatives Approves Cannabis Banking Bill

“The U.S. House of Representatives on Monday passed legislation that would allow banks to provide services to cannabis companies in states where it is legal, a step towards removing what analysts say is a barrier to development of a national industry. Lawmakers voted 321-101 to approve the bill and send it to the Senate. The […]
nbsp;

Deals

Subscription Billing Platform Chargebee Becomes Unicorn After $125M Series G

“Chargebee , a subscription billing and revenue management platform, is valued $1.4 billion following a $125 million Series G. The San Francisco-based company developed an infrastructure for companies to create a subscription business in as little as 10 days and be able to bring in a reliable source of revenue, Krish Subramanian , co-founder and […]
nbsp;

Use

California Introduces Bill to Create Program for the Unbanked and Underbanked | Lexology

“Recently, the California legislature introduced AB 1177 —the California Public Banking Option Act—which would, if enacted, establish the Public Banking Opinion Board and task the Board with designing, implementing, and overseeing a program for consumers in the state who lack access to traditional banking services. Specifically, the bill would create the BankCal Program, which would […]

On The Wires

nbsp;

Use

Modern Treasury Passes $1 Billion Per Month in Reconciled Volume

“Modern Treasury , a leading payment operations software provider, today announced that in March it reconciled more than $1 billion in business-initiated payments for the first time, up from $100 million a month in August 2020. The growth in volume reconciled using Modern Treasury’s software underscores the company’s increasing value as a payment operations platform […]
nbsp;

Use

BlueSnap and Chargebee Announce New Partnership

“BlueSnap, an online payments technology company and preferred technology for fast growing B2B and B2C businesses to accept payments, today announced its partnership with Chargebee, the leading subscription billing and revenue management platform…BlueSnap and Chargebee have partnered together to help merchants scale their subscription businesses on a global level.  Chargebee, the worlds’ leading subscription billing […]
nbsp;

Use

Avidia Bank Announces Partnership With KyckGlobal For Next-Generation Treasury Management Products

“Avidia Bank recently announced a partnership with KyckGlobal, Inc. to enhance its current portfolio of treasury management products and services. Avidia Bank currently offers a wide variety of services to businesses, including payment services, banking as a service, commercial credit solutions and a host of others. KyckGlobal features a cloud-based technology layer featuring a growing […]
nbsp;

Deals

Nuvei to Acquire Mazooma, a U.S. Focused Gaming and Sports Wagering Payment Technology Provider

“Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a definitive agreement to acquire Mazooma Technical Services Inc. (“Mazooma”), a U.S. focused gaming and sports wagering payment technology provider for approximately $56 million plus additional consideration subject to the achievement […]
nbsp;

Deals

WEX Signs Definitive Agreement to Acquire Benefitexpress

“WEX (NYSE: WEX), a leading financial technology service provider (the “Company”), today announced the signing of an agreement to acquire benefitexpress, a leading provider of highly configurable, cloud-based benefits administration technologies and services. benefitexpress significantly expands WEX’s offerings in benefits administration by adding a complementary suite of solutions to WEX’s Health offerings, including employee enrollment […]