Kevin. Raises $65m Series a, Led by Accel, to Bring Account-to-account Payments to Existing POS Payment Terminals
- 4 years 4 months ago
- Payments
Next generation payment infrastructure already provides seamless web and mobile payments, supporting 6k merchants across 12 markets Funding will be used to almost double the size of team and launch into new markets kevin., the Lithuanian fintech startup providing an advanced A2A (account-to-account) payment infrastructure to replace costly card transactions, today announces that it has secured $65 million in Series A funding.
Fintech Cheq Announces $2 Million Raise
- 4 years 4 months ago
- Payments
Cheq, the fintech enabling easier cryptocurrency payments, has raised a $2 million pre-seed round led by Connect Ventures, alongside Semantic Ventures, firstminute Capital, and 30 angels including former leadership from Monzo, Revolut and Tide. The funding will enable Cheq to establish itself as the primary option for taking payment with stablecoins that are pegged to the US dollar, removing price volatility for both merchant and consumer.
Paylink Solutions Team Expands with Two Senior Appointments
- 4 years 4 months ago
- Payments
Fintech Paylink Solutions has expanded its senior team by a new head of operations and head of information security. Joe Clarke is now Head of Operations and is responsible for overseeing Paylink’s operations and IT services, managing key projects and delivering the performance management framework and new graduate scheme.
Worldline Partners with MYRA to Deliver Cutting Edge Customer Payment Experience for the Hospitality Sector
- 4 years 4 months ago
- Payments
Worldline, a global leader in payment services, is partnering with MYRA, one of the world’s premier providers of self-check-in solutions both online and at kiosks, to develop a state-of-the-art customer payment solution specifically tailored to the hospitality sector.
Western Union Expands Collaboration with UK Post Office
- 4 years 4 months ago
- Payments
Western Union announced today that it is expanding its collaboration with the UK Post Office to provide retail cross-border money transfers. This alliance is part of the Company’s continued enhancement of its omni-channel offering, serving its customers across the full range of physical and digital touchpoints and channels. Providing UK Post Office customers a truly omni-channel experience
Plaid Adds Three New Partners to Payment Partner Ecosystem to Enable the Next Generation of Ecommerce in Europe
- 4 years 4 months ago
- E-Commerce, Payments
Global open finance data network Plaid has added Primer, UniPaas and NoFrixion as partners to its Payment Partners Ecosystem The partnerships will open the door for ecommerce companies to benefit from open banking infrastructure to improve their onboarding and payments processes
Penfold’s Workplace Pension Launches to 100 UK Businesses
Platform now boasts over 5,000 workplace users With 40% of workplace users requesting to transfer old pots over to Penfold Penfold, the digital pensions platform, today announces the launch of its workplace pension and has already signed over 100 UK businesses and over 5,000 workplace members, bringing their total membership up to 45,000 savers.
Fintech CEO: Irish Aversion to Bitcoin Donations Illustrates Bureaucrats Continued Failure to Understand Technology
A Bloomberg article covered Local Government Minister Darragh O’Brien’s commentary on thwarting Russia's “insidious disinformation war,” which is to include political donations. The Irish Independent noted Ireland’s political parties would no longer be able to accept donations made through cryptocurrencies. This ban would come as a way to prevent foreign interference in elections, along with a mix of other measures.
B2B Payments Provider Crezco Crowned Emerging App of the Year at the UK & EMEA 2022 Xero Awards
- 4 years 4 months ago
- Payments
Accounting, bookkeeping and app industries celebrated for supporting businesses through their toughest years B2B payments provider, Crezco has won the Emerging App of the Year Award at Xero’s prestigious annual awards. Hosted by Alexander Von Schirmeister, Xero UK & EMEA Managing Director at an in-person event, the awards showcased the achievements of those supporting businesses through two of the toughest years on record.
VizyPay Wins Two Silver Stevie® Awards in the 2022 American Business Awards®
- 4 years 4 months ago
- Payments
VizyPay received the accolades for its payment processing application VizyPOS and for the company’s outstanding 8,000% growth
Credit Demand Grows Alongside Booming Buy Now, Pay Later Market
- 4 years 4 months ago
- Payments
Consumer demand for credit products has grown since the onset of the pandemic, according to TransUnion’s Consumer Credit 2022 white paper, which reveals changing consumer preferences and affirms the growing demand for buy now, pay later (BNPL) finance. The research reveals significant growth in the credit market when compared with pre-pandemic figuresi with more consumers now intending to take out mortgages (26% versus 22%), credit cards (22%... more
Klarna Enables UK Gambling Block for Direct-to-bank Payments
- 4 years 4 months ago
- Payments
Klarna, a leading global retail bank, payments and shopping service that helps consumers save time and money, be informed and in control of their finances, today announced it is enabling banks to extend voluntary gambling blocks to open banking-driven payments powered by its subsidiary, SOFORT, helping protect hundreds of thousands of UK consumers.
Global Trends and Opportunities in B2B Payments
- 4 years 4 months ago
- Payments
Digital payments have helped businesses get paid safely and efficiently through the COVID-19 lockdowns and associated restrictions, but new challenges are arising as economies reopen. With supply chain disruptions, the ‘great resignation’, rising inputs such as fuel, and the expense of reopening top of mind for businesses, now is an opportune time to build on the processes optimised throughout the pandemic, especially across B2B trade.
UK Firms Could Save £1.3bn Using Real-time Payments, New Report Reveals
- 4 years 4 months ago
- Payments
The Centre for Economic and Business Research (Cebr) predicts that by 2026, £1.3bn could be made in cost savings for British businesses and consumers through real-time payments – helping to generate an additional add £2.6bn economic output, equivalent to 0.11% of formal GDP, as part of a new report, Prime Time for Real Time, published by ACI Worldwide.
PayPal to Shut Down San Francisco Office
- 4 years 4 months ago
- Payments
PayPal is closing its San Francisco headquarters to assess its global footprint. Multiple sources suggest the payments giant is closing its Xoom facility on 425 Market St. in San Francisco. In 2015, PayPal bought online money transfer company Xoom. According to a corporate insider, personnel from that office will work remotely from the San Jose headquarters. The decision affects an unknown number of employees.
