Payments News

On The Web

nbsp;

Deals

PayPal to Enter China Through GoPay Acquisition

“The People’s Bank of China has approved PayPal’s acquisition of a 70% equity state in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), which will make PayPal the first foreign payment platform to provide online payment services in China. GoPay has licenses for online and mobile transactions, and mainly provides payment products for industries including e-commerce, […]
nbsp;

Deals

How Fiserv’s First Data Deal Cemented Its Long-Term Payments Strategy

“Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a long-term strategy at Fiserv to […]
nbsp;

Deals

Mercury Banks $20M for Its Banking Service Aimed at Startups

“…today a startup that has built a business-focused challenger bank, specifically for startups like itself, is announcing a round of funding as starts its growth in earnest. Mercury , which describes itself as a bank for startups, has banked $20 million of its own in funding, a Series A that is being led by CRV […]
nbsp; nbsp;

Deals

Exclusive: Fintech Firm Revolut to Hire 3500 Staff in Global Push With Visa

“British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday.  Revolut, one of a breed of new digital-only account providers taking aim at traditional high street banks, has grown […]
nbsp; nbsp;

Deals

Payoneer Offers Payment Services To U.S. SMEs; Unveils Brex Partnership

“Digital payments platform Payoneer has today announced further investment into the U.S> business community, providing payments capabilities to businesses of al sizes an allowing SMEs and enterprise organization alike to expand globally with the new international payment service.”
nbsp;

Deals

Upstart Banking Company Dave Is Now Worth $1 Billion, As Norwest Puts in $50 Million

“Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees , the company is now worth $1 billion thanks to a nascent banking practice that had investors lining up. The company used its overdraft protection service and money management display to shift […]

On The Wires

nbsp;

Deals

NCR Acquires Midwest POS, Growing Hospitality Presence in America’s Heartland

“NCR Corporation (NYSE:NCR) announced today it has acquired Midwest POS Solutions Inc. , an Indiana- and Kentucky-based technology company serving the restaurant industry for more than 75 years. Midwest POS is one of the first dealers of NCR Aloha , the number-one point-of-sale (POS) solution used by more than 75,000 restaurants worldwide. The acquisition expands […]
nbsp;

Deals

Zelis and RedCard Complete Merger to Become Next Generation Leader in Healthcare Payments Optimization

“Healthcare payments technology leaders Zelis Healthcare (“Zelis”) and RedCard Systems (“RedCard”) today announced the successful completion of their previously announced merger. The combined company provides market-leading technology and solutions to over 700 payers and 600,000+ providers to price claims, pay claims and explain claims, all at enterprise scale on a claim-by-claim basis. The merger was […]