Payments News

On The Web

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Deals

F5 Networks Will Acquire Shape Security for $1 Billion to Bolster Online Fraud Protection Services

“F5 Networks will pay approximately $1 billion to acquire Shape Security , a Santa Clara, Calif.-based company that sells a fraud prevention platform to banks, airlines, retailers, government agencies, and more. The acquisition, announced Thursday, will help F5 bolster its application protection services. It’s the largest acquisition to date for Seattle-based F5, which paid $670 […]
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Deals

Levelset Raises $30 Million to Improve Money Management for Contractors in Construction

““This is a global issue,” says Swanson. “Sixty-four percent of construction businesses fail in their first five years because they have nowhere to turn for help,” when it comes to ensuring payment. For now, Levelset is focused on digitizing billing and payments and providing insights into who is actually on a job site and the responsibilities […]
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Deals

Deluxe Acquires Fiserv’s Remittance Solutions Business

“Financial services technology company Fiserv Inc . has announced for the second time this month that it is selling another one of its business units. The company, based in Brookfield, Wisconsin, sold its remittance solutions assets, which include lockbox processing, to Deluxe Corp., a financial services company in Shoreview, Minnesota.”
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Deals

Mastercard Acquires RiskRecon to Enhance Cybersecurity Capabilities

“Mastercard (NYSE: MA) today announced an agreement to acquire RiskRecon , a leading provider of artificial intelligence and data analytics solutions to support companies in protecting their cyber systems and infrastructure. In a rapidly evolving digital world, cybercrime is a pertinent threat to business. Large-scale data breaches and ransomware attacks place billions of records at […]
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Deals

PayPal Signs Commercial Agreement With MercadoLibre

“I’m pleased to share that we have signed a wide-reaching commercial agreement that will meaningfully drive an increase in our international scope and scale. As part of the agreement, PayPal will be made available as a payment option in the Mercado Pago online checkout for people in Brazil and Mexico, which opens the door for […]
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On The Wires

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Deals

Euronet Worldwide Partners With Standard Chartered to Offer New Cloud-Based Dynamic Currency Conversion Services at ATMs in 14 Countries

“Euronet Worldwide (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, announced today it will provide Standard Chartered with dynamic currency conversion (DCC) services at approximately 1,000 ATMs in 14 countries across Asia Pacific and the Middle East using Euronet’s Digital Integrated Payments Cloud (DIPC).”
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Deals

Payrailz to Pilot the Mastercard Bill Pay Exchange

“Under this pilot program, Payrailz will integrate its Smart Payments Platform solution with the Mastercard Bill Pay Exchange enabling consumers to have centralized access to bills from their financial institution’s website or mobile app, providing a more secure and easier way to link billing accounts, view bills and make payments through the Payrailz platform.”
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Deals

Toron Inc. Signs Partnership Binding Agreement With PayToGo International

“Under the agreement, PaytoGo will offer its financial ecosystem solution with a digital wallet linked to a card by Mastercard or Visa, that gives members and subscribers a low-cost option to a traditional bank account, with no credit check prior to the account being open following the Anti-Money Laundering and Know Your Customer Policy (hereinafter […]
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Deals

Uber Completes Acquisition of Careem

“With the closing of the deal, Uber has acquired Careem’s mobility, delivery, and payments businesses across the greater Middle East region, with major markets including Egypt, Jordan, Saudi Arabia, and the United Arab Emirates. The regulatory approval process in Pakistan, Qatar, and Morocco is ongoing and the transaction will not close in these territories until […]