Payments News
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Visa, Mastercard Draw FTC Inquiry Over Debit Card Transactions

“Visa Inc. and Mastercard Inc. are once again in the crosshairs of U.S. antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks. The Federal Trade Commission has been reaching out to large merchants and their trade groups over the issue as part of a preliminary inquiry, according to people […]

On The Web

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Marijuana Banking Bill Passes House in Historic Vote

“The legislation, if ultimately made into law, would protect financial institutions and ancillary firms that serve marijuana businesses from criminal prosecution and other consequences – a long-awaited move that would provide stability and security to the multibillion-dollar cannabis industry.”
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Mastercard Partners With WHSmith, Funky Pigeon for ‘Pay by Bank App’

“Mastercard has entered into an agreement with global retailer WHSmith and its brands Funky Pigeon, Cult Pens and The Card Gallery in a move to launch online payments via a Pay by Bank app (PbBa) offering. PbBa was created by Vocalink, a Mastercard company, and will offer online shoppers a solution which meets PSD2 standards […]
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Decrement Carbon: Stripe’s Negative Emissions Commitment

“As part of Stripe’s environmental program , we fully offset our greenhouse gas emissions by purchasing verified carbon offsets. Starting this year, we’re going a step further. In addition to our offset program, we are committing to pay, at any available price, for the direct removal of carbon dioxide from the atmosphere and its sequestration […]
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Klarna Raises $460m to Support US Growth

“Klarna has raised $460 million in an equity investment round, at a valuation of $5.5 billion, to help fund its push into the US market.The round was led by Dragoneer Investment Group, alongside Commonwealth Bank of Australia, HMI Capital, Merian Chrysalis Investment Company, Första AP-Fonden (AP1), IPGL, IVP and funds managed by BlackRock. This investment follows […]

On The Wires

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Wirecard Offers Fully Digital Payout Solution in North American Consumers With Mobile App Launch

“With the new Wirecard app, cardholders can seamlessly track related balances and payment activities on their mobile device, benefiting from digital personal finance mangement. The mobile app is part of Wirecard’s drive to advance the digital transformation of payments and build a more integrative financial experience globally. In designing the app, Wirecard included the flexibility […]
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Wirecard Announces New Salesforce Commerce Cloud Integration

“Wirecard, a global innovation leader for digital financial technology, is driving unified commerce worldwide with a new Salesforce Commerce Cloud integration. This will enable merchants to integrate their shops with Wirecard’s digital Financial Commerce Platform and provide both business customers and consumers with an optimal payment experience…By using the Wirecard platform, merchants are able to […]
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Adyen Launches Card Issuing Offering

“Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced the addition of card issuing to its offering. Adyen Issuing will enable clients to provide virtual and/or physical cards to their customers. Cards issued by Adyen can be used online, in-app, in-store, and can be integrated into […]
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The Financial Data Exchange Reports Strong First-Year Growth

“The Financial Data Exchange was launched in October 2018 to unite the financial industry around a single, interoperable and royalty-free standard for consumer and business access to their financial data, addressing common challenges around the way the industry shares account information and enhancing security, innovation and consumer control.”