Xero Limited  today announced it has entered into a binding agreement to acquire 100% of Melio Limited and its associated entities (collectively Melio). Melio is a leading SMB bill pay platform that seamlessly integrates Accounting and Payments, offering US SMBs and their accountants and bookkeepers easy-to-use accounts payable (A/P) workflows and a wide choice of payment methods, helping them to have more visibility and control over their cashflow.

Businesses are demanding more cost-effective and secure payment methods that do away with the “unfair” chargeback model, according to a new report by open banking infrastructure provider, Yapily. 

10x Banking, the cloud-native core banking platform that powers some of the world’s largest banking entities including Westpac and Chase UK, today announced a strategic partnership with Constantinople

Ecommpay, the inclusive global payments platform, has been quick to embrace Visa Instalments, partnering with Visa to offer the service to its merchant customers. Newly integrated onto the Ecommpay platform, Visa Instalments enables merchants to offer consumers the facility to split their purchase amounts into convenient, fixed payments over time using their existing eligible Visa credit cards which have already been subject to affordability checks.

BBVA CIB has entered into a strategic alliance with Olea, a digital platform specialized in international trade finance and risk solutions, to strengthen its global supply chain finance (SCF) offering.

NAB today announced the appointment of Pete Steel as Group Executive, Digital, Data & Artificial Intelligence.

In this new role reporting to NAB Group Chief Executive Officer, Andrew Irvine, Mr Steel will lead the bank’s digital, data and AI teams and initiatives to deliver better experiences for customers. He will also be accountable for design, customer onboarding and NAB’s digital bank ubank.

Flowdesk, a full-service digital asset trading and technology firm, today announced a $100 million credit facility from Two Prime Lending Limited (“Two Prime”), the secured lending affiliate of Two Prime Inc. The facility will support Flowdesk’s continued global expansion and capital-efficient trading infrastructure.

Wolters Kluwer Financial & Corporate Compliance has successfully implemented its 

ACI Worldwide , an original innovator in global payments technology, has expanded its global technology partnership ecosystem to help financial institutions across the globe increase operational resiliency and address evolving regulatory requirements to safeguard the stability of the financial system.

Picture the excitement of experimenting with cutting-edge payment technology, where developers can safely test new features and capabilities without impacting critical infrastructure. Twenty years ago, the UK blazed a trail in developing real-time payments, and today UK banks can reignite that advantage, by accessing Mastercard’s latest account-to-account switching technologies to innovate, test and refine the next generation of payment services, all within a trusted and secure environment.