Jack Henry™ announced today an extended collaboration with Mastercard to offer Mastercard Move, Mastercard’s portfolio of money transfer solutions, through Jack Henry Rapid Transfers™, a cloud-native service that will enable near-real time* money movement. This includes account funding and a variety of payment use cases in the United States via the Mastercard network.

OakNorth, the leading commercial digital bank for entrepreneurs by entrepreneurs, today announces that it has agreed to purchase Community Unity Bank (CUB), the home-grown, FDIC-insured community bank based in Birmingham, Michigan, in a stock for stock transaction. The acquisition, which is subject to regulatory approval, follows authorization which OakNorth received in August 2024 from the Federal Reserve and the New York State Department of Financial Services for a Representative Office in New York.

Starting this week, eligible Cash App customers will begin to have access to Afterpay’s leading pay over time products when shopping online at partner merchant sites. In recognition of this change, Cash App and Afterpay, part of Block, Inc., have debuted an evolved brand, Cash App Afterpay, with a new logo for their checkout to expand access to a seamless Pay Over Time experience from one of the most preferred and trusted brands in the market and connecting with hundreds of thousands of merchants.

Viamericas, a leading provider of remittance and international money transfer services, is proud to announce the opening of its new office in the Philippines. This expansion underscores Viamericas’ commitment to the Filipino market and also serves as a pivotal step in its broader strategy for growth across Asia and Asia-Pacific (APAC) regions.

Committed to a holistic approach to diversity and inclusivity, global payments platform, Ecommpay, has announced plans to run neurodiversity awareness training for all employees, partners and clients as it marks 

Visa, a world leader in digital payments, and MISA, a provider of digital transformation solutions for finance, accounting, and enterprise management, announced a strategic collaboration to empower Vietnamese businesses through comprehensive digital payment solutions. This collaboration marks a significant step towards accelerating digital transformation within Vietnam's business community, fostering greater financial inclusion and operational efficiency for enterprises of all sizes.

Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, has announced plans for its new colocation service, aimed at clients and partners seeking ultra-fast execution. The service is designed to further enhance trading performance and scalability, while maintaining fair and transparent access to Kraken’s global crypto markets.

Virgin Money customers will soon be able to see their credit card and current account balances and transactions from other banks on the Virgin Money Credit Card App, thanks to a new collaboration between the UK bank and Mastercard. With this smart personal finance solution, powered by Mastercard’s open banking technology, Virgin Money customers will be able to manage their finances quickly, easily and conveniently in one single place.

Spruce Point Capital Management, LLC, a New York-based investment management firm that focuses on forensic research and short-selling, today issued a detailed report entitled, “Why We Mistrust Remitly”, that outlines why we believe and estimate that shares of Remitly Global, Inc.  face approximately 40% – 55% potential long-term downside risk, or $9.00 – $12.00 per share. 

Spruce Point Report Overview