Payments News

On The Web

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Global

JPMorgan-Backed Brazil Fintech Plans to Expand in U.S., Mexico

“FitBank Pagamentos Eletronicos SA, a Brazilian fintech backed by JPMorgan Chase & Co. , plans to open a U.S. office in the first half of 2021. The payment-services firm, which has more than 100 clients in Brazil, is also expecting to start operations in Mexico, Peru and Colombia sometime next year, according to Chief Executive […]
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Providers

Fed Moves to Overhaul Lending Rules for Poorer Communities

“The Federal Reserve, following an earlier split between banking regulators, took an initial step to rewrite rules for hundreds of billions of dollars in lending and investment in lower-income neighborhoods. Fed governors voted 5-0 to seek public comment on a broad overhaul to its rules for the Community Reinvestment Act , a 1977 law aimed […]
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Domains

Six People Indicted in Amazon Marketplace Bribery Scheme to Help Third-Party Sellers

“Six people have been indicted by a grand jury in Washington state on charges they bribed Amazon employees to manipulate third-party seller listings on the e-commerce site, including listings for defective or dangerous products, authorities said . Starting in 2017, the people, including two former Amazon employees, paid more than $100,000 to have listings of […]
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Providers

Finicity Inks Data API Deal with Charles Schwab

“Finicity, an open banking software provider, announced Friday that it has signed a direct data agreement with Charles Schwab.  By sharing data via an API, Finicity says it will enable consumers, through their Schwab accounts, to more securely connect and allow direct access to their financial account data via third-party apps. The real-time financial data aggregation […]
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Providers

Nuvei’s Red-Hot IPO Marks Canada’s Largest Tech Offering

“Montreal-based Nuvei, which supplies payment technology to the retail, travel, gaming and other sectors, is among a cluster of firms benefiting from the shift to e-commerce during pandemic lockdowns. The deal raised $700 million, making it the biggest tech offering in the history of the Toronto Stock Exchange , the exchange said in a statement […]

On The Wires

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Providers

Walmart Partners with Goldman Sachs to Offer Marketplace Sellers Access to Capital

“Walmart.com is increasingly becoming customers’ primary shopping destination, and our expanded Marketplace assortment is a big reason why. Last quarter, our Marketplace delivered triple-digit growth, and today we’re announcing a new partnership to help our Marketplace sellers grow their businesses. Starting today, eligible Marketplace sellers will be invited to apply for lines of credit offered […]
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Deals

Announcing Our $25m Fundraise to Open Up Finance

“We’re proud to announce that we’ve secured an additional $25 million investment, under our Series C, with participation from our existing investors. This investment takes the total amount we’ve raised to $72 million and means we can take the next steps on our mission to enable businesses everywhere to benefit from financial technology. TrueLayer makes […]
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Providers

Rapyd Launches Card Acquiring in Europe with Integrated Local Payment Method Acceptance Expanding its Global Network to Support Rising eCommerce Growth

“Rapyd, a global fintech as a service company announced today a major expansion of its European platform, adding end-to-end card acquiring capabilities to its industry-leading payments capabilities. Rapyd now offers the most comprehensive full stack payment acceptance capabilities in Europe including card acceptance through Mastercard and Visa, and support for local Alternative Payment Methods (APM’s) in over […]