Payments News

On The Web

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Merchant Acquiring at the Crossroads: An Industry Reinvents Itself (Asia)

“Historically, the merchant acquiring business has had a rather staid image: local, offline, physically intensive, processing heavy, and lacking the software element of new-age business. Bank driven, it lagged in penetration and was profitable only to those with scale. But with a surge in e-commerce and a long tail of small merchants waiting to be digitized, […]
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Airwallex Launches Online Payments App on Shopify

“Airwallex, a leading global fintech platform, announced the launch of its Airwallex Online Payments App on Shopify. The Airwallex Online Payments App is a payment gateway plugin that merchants can integrate on their online store to accept payments from their global customers. This new app is offered through Airwallex’s payment acceptance solution that covers a […]
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Chargebacks911 Celebrates 3x Boost to its Automated Dispute Response Platform With the Addition of Data Driven AI Enablement

“Chargebacks911, the leading dispute technology specialist that powers chargeback remediation for the largest global eCommerce businesses, as well as the world’s financial institutions, today celebrates a 3x boost to its automated dispute response platform. The addition of AI further propels Chargebacks911’s worldwide market advantage, as the leading dispute technology platform*.”
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Kenyan Mobile Money Gets Boost in Shift to Seamless Payments

“Kenya’s cellular-phone operators agreed to allow mobile payments across their networks, joining an effort by the central bank to integrate the nation’s payment systems. The first phase of “merchant interoperability” will enable Airtel Networks Kenya Ltd. and Telkom Kenya Ltd. users to pay for goods through Safaricom Plc ’s M-Pesa, the biggest mobile-money platform in […]
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State Attorneys General Urge CFPB Oversight on “Buy Now, Pay Later” Companies | JD Supra

“On March 25, the Illinois State Attorney General Kwame Raoul, along with 18 other state attorneys general (state AGs), [1] provided comments to the Consumer Financial Protection Bureau (CFPB) related to the CFPB’s inquiry into companies that offer consumers the opportunity to divide the cost of their purchases into multiple installments, also referred to as […]
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ClassPass owner targets listing as in-person fitness rebounds

“Mindbody, the fitness and wellbeing tech platform that owns exercise subscription service ClassPass, plans to go public as demand for in-person workouts grows following pandemic shutdowns. A flotation would mark a return to the public markets after just four years away from the Nasdaq for California-based Mindbody, which was taken private by Vista Equity Partners in […]

On The Wires

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FIS Unveils Banking-as-a-Service Hub, Delivering Creative and Innovative Fintech Solutions to Financial Institutions of All Sizes

“Financial technology leader FIS ® (NYSE: FIS) today announced its Banking-as-a-Service Hub, enabling banks, credit unions, and fintechs to build the digital banking and payments ecosystems they need to deliver innovation to merchants and consumers. The FIS Banking-as-a-Service Hub provides a full suite of banking and payments capabilities for institutions of all sizes, allowing for […]
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Introducing Instant Bank Payments in Europe | TrueLayer

“European payments are about to get a lot faster. Today, TrueLayer’s complete payments product expands to Ireland, France, Germany, Spain, Lithuania and the Netherlands. TrueLayer Payments runs on the back of open banking and Europe’s fastest rails, letting you send and receive instant, data-rich bank payments in any app or website”
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Finastra Collaborates With Microsoft to Bring Embedded Financing Options to Thousands of Businesses With Banking As a Service

“Finastra today announced a Banking as a Service (BaaS) collaboration with Microsoft to bring new lending options to thousands of Small and Medium Enterprises (SMEs) – a sector severely underserved when it comes to accessing finance. SMEs using Microsoft Dynamics 365 will be able to access and unlock vital financing offers without leaving their business management platform.”