Payments News

On The Web

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Systems

Credit-Card Debt Keeps Falling. Banks Are On Edge.

“Americans are paying down their credit-card debt at levels not seen in years. That is good news for everyone but credit-card issuers. Large card issuers that cater to borrowers ranging from the affluent to the subprime say that overall card balances—and thus the firms’ interest income—are falling. To make up for it, issuers are spending […]
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Systems

Credit Card Companies Are Bringing Back Huge Points Offers

“A 125,000-point sign-up bonus. Credits for Equinox personal training. An exclusive airport lounge with cold brew on tap. The country’s largest banks are pulling out all the stops to lure customers to take on new credit cards again, after retreating from such deals during the Covid-19 pandemic. Call it the return of the rewards war for […]
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Companies

Indian Central Bank Refuses to Block Crypto Transactions

“The National Payments Corporation of India (NPCI), a central bank-owned retail payments system, has deferred the issue of whether to allow customers to make and receive payments from cryptocurrency trading to commercial banks, according to the Economic Times . Some bankers apparently had asked the agency to block crypto transactions on its network, the paper […]
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Regulation

SEC Chair Suggests Congress Regulate Crypto Exchanges – CoinDesk

“The $2 trillion cryptocurrency market needs more investor protection in the U.S., including possible regulations for crypto exchanges, Securities and Exchange Commission (SEC) Chairman Gary Gensler said Thursday. In his first public hearing since becoming the head of the federal securities regulator, Gensler said the SEC’s authority is restricted to securities and products or asset […]

On The Wires

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Deals

Nuvei to Acquire Simplex, a Payment Solution Provider to the Cryptocurrency Industry

“Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has entered into a definitive agreement to acquire SimplexCC Ltd. (“Simplex”), a fintech startup providing the fiat infrastructure to the cryptocurrency industry, for approximately $250 million to be paid in cash. The transaction is […]
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Systems

BillingPlatform and GoCardless Partner to Accelerate Quote-to-Cash Processes and Maximize Cash Flow

“BillingPlatform , the leading global cloud-based monetization and billing solution provider, and GoCardless , a global leader in bank-to-bank payments, today announced a partnership that combines innovative Payment Gateway Framework technology and enhanced ACH debit capabilities – helping to streamline the quote-to-cash processes for businesses so they can get paid more quickly and easily. By […]
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Systems

BitPay Adds Dai Stablecoin and Wrapped Bitcoin (WBTC) As Payment Option for Merchant Processing and Cross-Border Transactions 

“BitPay , the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced the company is adding Dai and WBTC immediately for businesses to accept as a payment option without the need for any integration or enhancements… The ability to transact in Dai is ideal for global businesses and cross border merchants that are […]