Payments News

On The Web

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Providers

Stripe Strikes Tie-Up With Klarna After Frenzy of Rival Deals

“Stripe Inc. will allow retailers to add Klarna Bank AB ’s buy-now-pay-later service as a purchasing tool for customers, a deal that pairs up two of the world’s most valuable financial technology startups. The business partnership comes at a time when rivals are striking deals worth billions in a bid to win a share of […]
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Providers

Buy now/pay later ‘is not a threat’ to credit cards: Amex CEO

“American Express is aggressively pursuing younger consumers, but unlike many of its rivals , it is not making point-of-sale installment lending and cryptocurrency a focal point of this effort. “Buy now/pay later is not really a competitive threat to us,” Steve Squeri, Amex’s chairman and CEO, said during Friday’s earnings call. “It’s targeted at debit […]
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Providers

Klarna to Offer Buy-Now-Pay-Later Option on Wix Websites

“Sweden’s Klarna Bank AB said Thursday that it has signed a strategic partnership with Israeli cloud-based website development platform Wix.com Ltd. The buy-now-pay-later payments specialist said that with the deal Wix eCommerce merchants across 17 countries can accept payments from their customers with Klarna. Wix merchants will be able to offer Klarna’s Pay in 4 […]
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Providers

Mindbody Acquires ClassPass in All-stock Deal and Secures $500 Million Investment

“ClassPass , the subscription-based fitness marketplace most recently valued at $1 billion, is today announcing that it has been acquired by Mindbody. Mindbody is a bit like the OpenTable of the fitness world. Its booking software is used by studios, gyms and other experience-based service providers — the company recently signed a global agreement with […]

On The Wires

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Providers

Alliance Data’s Bread, Sezzle Announce Strategic Partnership

“Alliance Data Systems Corporation (NYSE: ADS ), a leading global provider of data-driven marketing, loyalty and payment solutions and Sezzle Inc. (ASX: SZL), a top-rated, purpose-driven buy now, pay later (BNPL) solution, today announced that Alliance Data’s Bread business will offer its pay-over-time installment loan product through Sezzle’s merchant network. Through the integrated partnership, Sezzle will […]
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Providers

HSBC to Launch Banking As a Service

“HSBC is to launch a Banking as a Service (BaaS) offering that will enable customers to create and provide business banking services through their own platforms. HSBC and Oracle NetSuite, one of the leading cloud Enterprise Resource Planning (ERP) systems with over 27,000 customers worldwide, are working together to provide international payments and expense management […]
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Providers

Financial Institutions Can Grow Small Business Relationships With Fintech-Powered Lending Offering From Fiserv

“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling financial institutions to build their small and midsize business (SMB) programs through the launch of a cloud-based, digital lending and credit platform. The latest Fiserv offering, leveraging the Atlas Platform from fintech StreetShares, allows financial institutions to manage […]