Payments News

On The Web

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Providers

New Tech Startups Want to Remake the Corporate Card

“For decades, corporate credit cards were a boring industry, dominated by money-colored AmExes, the default choice for power lunches and client dinners around the world.    Now, a fleet of richly funded startups wants to change that. Venture capitalists and other investors have poured big money into a growing group of companies that make credit […]
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Providers

As Recession Looms, Brex Stockpiles Cash, Cuts Credit

“Today co-founders Henrique Dubugras and Pedro Franceschi are bracing for a harsher reality. Reeling from the coronavirus shutdowns, Brex customers including Airbnb, Outdoor Voices and ClassPass are slashing costs and cutting thousands of jobs. A replay of the 2001 dot-com crash, which wiped out a generation of promising upstarts, could be Brex’s death knell.”
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Domains

Shopify announces a new merchant debit card and support for payment installment plans

“Shopify is announcing several new products and features today at Reunite , a virtual conference for the one million merchants using the company’s e-commerce platform. Shopify Balance is a merchant account with no fees and no minimum balances. The company is also announcing a Buy Now, Pay Later feature, allowing merchants to give their customers […]
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On The Wires

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Providers

Chase Partners With DoorDash to Deliver New Benefit for Freedom, Sapphire and Slate Cardmembers When Ordering In

“Today Chase announced a new relationship with DoorDash, the nation’s leading on-demand food platform, to offer complimentary DashPass subscriptions for Sapphire, Freedom, and Slate cardmembers. Starting today, eligible cardmembers can activate and enjoy the convenience of DashPass, DoorDash’s subscription service that offers unlimited $0 delivery fees and reduced service fees on orders of $12 or […]
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Providers

FIS Cuts the Wait for New Credit and Debit Cardholders to Access Accounts

“Financial technology leader FIS ™ (NYSE: FIS) announced FIS Digital Issuance, a first-to-market solution that allows financial institutions to provide newly approved applicants with immediate mobile access to their credit and debit accounts. Avidia Bank is the first financial institution to begin offering the new FIS solution. Available to FIS credit or debit card processing […]
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Deals

Modern Card Issuing Leader Marqeta Valued at $4.3B in Latest Round

“Marqeta, the global modern card issuing platform, announced today that it has raised an additional $150 million in new capital from a leading institutional investor, valuing the company at $4.3 billion. This latest financing comes on the heels of Marqeta’s previously announced $260 million equity financing in May 2019, which was led by Coatue and […]
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Providers

Galileo Financial Technologies Pioneers Expansion Into Mexico With Mastercard Certification and Major Strategic Partnership With Klar

“Galileo, the trusted technology partner that powers world-leading fintech businesses, announced its Mastercard certification in Mexico and new partnership with a major fintech company in the Mexican market. These two events further strengthen Galileo’s expansion into the region. Galileo is the first API software innovator to secure Mastercard certification and to launch as part of Mastercard’s Fintech […]