Payments News

On The Web

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Providers

Fintech Inspired by Black Lives Matter Targets Underbanked

“Paybby, a new challenger bank whose founder was inspired by the Black Lives Matter protests last summer, is teaming with banks and others to make loans to minority-owned businesses and develop consumer and commercial financial products that meet the distinct needs of underserved communities. To get Paybby (which stands for “pay Black brown and you” […]
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Providers

Buy Now, Pay Later Isn’t Winner Take All

“Several financial technology firms are eager to grow in the expanding realm of “buy now, pay later” lending. There likely is room enough in this town for everyone, at least for now. Last week, one company that just went public in January, Affirm Holdings, and another established digital giant, PayPal Holdings , discussed how they […]
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Providers

Worldline and Klarna Expand Payment Offering Across Europe

“Klarna , the leading global payments, and shopping service, today announces a strategic collaboration with Ingenico (part of Worldline , the European leader in the payment and transactional services industry, since late 2020) to make Klarna’s online payment solutions accessible to even more European merchants.”

On The Wires

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Providers

Wealthfront Speeds Up Money Movement From the Wealthfront Cash Account

“Today, Wealthfront announced that clients who use their Wealthfront Cash Account to invest in a Wealthfront Investment Account can have their money invested in the market within minutes. Wealthfront clients who direct deposit their paycheck into the Wealthfront Cash Account can already get paid up to two days early, and today’s announcement is the next […]
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Deals

MoneyLion, America’s Leading Digital Financial Platform, to Become Publicly Traded Via Merger With Fusion Acquisition Corp. (NYSE: FUSE)

“MoneyLion Inc. (“MoneyLion”), America’s leading digital financial platform, and Fusion Acquisition Corp. (NYSE: FUSE) (“Fusion”) have entered into a definitive agreement which would result in MoneyLion becoming a publicly listed company.  MoneyLion uses the power of technology to empower hard-working Americans to take control of their finances and achieve their life goals.”
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Deals

NYMBUS Raises $53 Million in Series C Funding Led By Insight Partners

“NYMBUS® , a leading provider of banking technology solutions, today announced a $53 million financing round led by existing investor Insight Partners – notable for backing ScaleUp SaaS companies with capital and operational support. Nymbus will leverage the latest funds to empower financial institutions with expanded access to its unique GROW model which creates new […]
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Providers

PSCU | PSCU to Offer Installment Payments Solution

“PSCU , the nation’s premier payments credit union service organization (CUSO), today announced it will soon offer a new Installment Payments solution. A buy-now, pay-later installment plan, the offering allows cardholders to pay for purchases over a fixed timeframe by dividing the purchase amount into smaller fixed payments, giving credit union members the freedom to […]