Pine Labs raises $285m in venture funding to reach $3bn valuation
Merchant payments platform Pine Labs plans regional expansion.
Cards
Deutsche Bank seeks payments revamp with Silverflow deal
Deutsche Bank says the deal will support the launch of two new payment services this year.
Shortlist announced for PayTech Awards 2021
Register for the digital gala and networking on 8 July 2021 – it’s free to attend and open to everyone.
Degussa Bank plans new credit card launch with Nets
It is the first partnership of its kind for the Nets in Germany.
Tink and American Express sign European open banking deal
New AmEx customers will “seamlessly connect” to their accounts.
Why fintech companies of any size should outsource PCI
Lift the burden of data compliance and security by outsourcing compliance to PCI-focused vendors.
Fintech funding deals globally 26 April – 2 May 2021
Featuring Brex, Paxos, Vena, Greenlight, and Current.
National Commercial Bank migrates payments processing to TranzAxis
Vietnamese bank switches card operations to the Compass Plus system from legacy in-house tech.
Caixa Econômica Federal signs 20-year payments deal with Fiserv
New merchants acquiring deal covers transactions online and in-person.
Payhawk closes $20m Series A investment round
The platform has seen rapid growth since its $3.6 million seed round a year ago.
Mastercard acquires digital identity firm Ekata in $850m deal
Payments giant to combine Ekata with its own fraud and identity platforms.
Pine Labs acquires digital payments start-up Fave in $45m deal
Indian payments firm snaps up Fave to introduce the latter to India.
Dear Luc: To give my customers cards I just need an issuer – right?
Our anonymous fintech problem asks if issuers are all you need to provide cards to customers.
Extended deadline announced for PayTech Awards 2021
Recognising excellence and innovation in the use of IT in the finance and payment industry worldwide!
Fintech funding deals globally 5-11 April 2021
Featuring CRED, OneStream Software, Loopio, Patreon, and Ramp.
US retail trade groups ask to join $5.54bn Visa and Mastercard lawsuit
The two bodies want permission to become parties in the lawsuit.
Webinar: Getting to market faster by outsourcing PCI compliance
Cost benefits, getting more value from data, protecting card data, and managing other sensitive data.
US Department of Justice sets antitrust sights on Visa
Visa’s hold on the debit market in the US under investigation.
London fintech Agitate latest to unveil open banking-powered payments solution
The solution skips the card ecosystem entirely.
Rush Gold launches mobile card to pay with gold in real-time
The Mastercard offering is powered by EML Payments.
Nest Bank picks Fiserv for card issuance revamp
Fiserv’s First Data brand is handling the implementation.
PayTech Awards 2021 now open for entries!
Open to financial and payment institutions worldwide, technology and service providers, individuals and teams.
Tesco Bank kicks off three-year ATM modernisation project
2,000 machines will be replaced by the end of 2023.
Dear Luc: Your most pressing fintech problems solved
In Dear Luc, we answer the questions the industry’s fintech founders are too embarrassed to ask.
Klarna is Europe’s highest-valued fintech after $1bn raise
Klarna claims its round was oversubscribed four times over.
UK challengers Monument, Pockit and TreeCard bank funding
Three UK banking services start-ups have landed investment recently.
US credit builder Petal closes $125m debt facility
Petal has closed $440 million in debt and raised $100 million in equity.
Vanquis signs credit building partnership with Loqbox
Loqbox to help Vanquis customers unable to get credit cards.
Marqeta files for IPO with SEC targeting $10bn valuation
The fintech’s current valuation sits at $4.3 billion.
The US market: are EU-based challengers coming to rustle up some feathers?
A deep dive and step-by-step comparison of US banks’ and EU challengers’ capabilities.
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
Contactless usage surges to 88.6% of in-store card transactions
The over-65s were most likely to embrace the technology for the first time.
Corporate credit card start-up Moss raises €21 million in Series A
Moss wants to change the way companies track expenses.
Calls for UK Treasury to up contactless limit from £45 to £100
The UK no longer needs to follow the EU’s €50, or £45, contactless limit.
Paytech firm Ondot acquired by US banking tech giant Fiserv
Fiserv says the Ondot takeover will help it provide a “unified digital experience” to customers.
Mastercard faces UK’s largest ever £14bn class action lawsuit
“Businesses and consumers simply cannot afford to continue paying sky-high rates.”
New York-based Synechron buys Australian payments firm Attra
Attra and Synechron will have a combined workforce of 10,000 employees and annual revenue of $650m.
Three UK fintechs raise over $100m in funding this month
Starling, Curve and GoCardless are raising rounds in excess of $100m.
Yolt to launch Mastercard debit card through PPS partnership
Money management app takes a deeper step into the payments sphere.
BBVA debuts “dynamic CVV” numberless card Aqua
It features a dynamic CVV code in order to provide security for online payments.
