Venmo shines brightly in debit card roll-out
The card’s beta is now closed, and the public roll-out has started.
PayTech
American Express wins eight year-long court battle over antitrust issues
The lawsuit accused Amex of stifling competition.
Gusto turns payday into any day with Flexible Pay
Workers can get paid outside of their employer’s standard payroll schedule.
PayPal gets anti-fraud ability with $120m acquisition of Simility
Buys fraud prevention and risk management platform.
National Bank brings NFC mobile terminals to Canada
Canadian Mobeewave provided security and encryption.
Crypto firm Fantom menaces rivals with $40m funding
Will build directed acyclic graph-based smart contract platform.
Top fintech stories this week – 22 June 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Canada’s Interac Lab gets in on innovation hub act
Based within the Communitech tech hub in Ontario.
Square acquires crypto licence in NYC
Gearing up for launch of Cash App, which includes crypto exchange services.
Webinar: How to automate critical processes with compliance in mind
Are your processes compliant by design?
Billshark and Payrailz go bill busting
Billshark negotiates with service providers to find the best possible terms for monthly bills.
Hyperactive PayPal acquires Hyperwallet for $400m
Gives it more payment solutions to e-commerce platforms and marketplaces.
Brex unveils corporate card for start-ups
It also now has a total of $57 million in funding.
How blockchain could change the global remittance industry
The scope of blockchain for remittance is increasing in emerging markets.
Risk Ident keeps watch for fraud over Universum
Universum’s device fingerprint tech will up its security.
Ondot Sytems launches digital card services platform
Ready to be integrated into mobile apps.
First Data and Mastercard in digital disbursement duet
First Data’s disburse-to-debit solution will be available to Mastercard customers.
PayStand expands to Canada
Its digital platform will support domestic B2B commercial payments.
Are eIDAS certificates the answer to PSD2 open banking TPP verification?
All you need to know about eIDAS (and lots of other acronyms).
Blockbid teams turns to LexisNexis for AML compliance
Blockbid shoring up its AML safeguards by turning to LexisNexus Risk Solutions’ ThreatMetrix.
Alpha Fintech teams with Trustly for new payment options
Paytech firm Trustly celebrates its tenth birthday by partnering with Alpha Fintech.
Gift Card Impressions acquired by InComm
Prepaid products company InComm buys former competitor Gift Card Impressions (GCI).
Banking Technology June 2018 issue out now
A sublime eternal tune to the rhythms of fintech.
Paytech firm Marqeta raises $45m from Iconiq Capital and Goldman Sachs
Bringing Marqeta’s total funding to $116 million.
Caxton FX pilots direct payments with Token
Token facilitates direct payments for Caxton FX.
Switch launches CardSavr API for virtual cards
Solution for those looking to make the leap from plastic to virtual cards.
Dwolla launches pay-as-you-go payment offering, Start
Out-of-the box way for businesses to move money without a large time or money commitment.
Signifyd lands $100m in Series D funding
E-commerce fraud protection provider Signifyd has more than doubled its financing total.
US banking app CapWay readies to launch
Targeting millennials who are either underbanked or uncertain.
Criminals capture $1.2bn in cryptocurrency since 2017
Anti-Phishing Working Group reveals the danger… and damage.
PayPal and Google Pay deepen payments relationship
More payment options across the Google ecosystem are on the way.
PaySend adds KYC and risk management tech from 4Stop
Moving money with international money transfer platform PaySend just got a lot more secure.
Infographic: the generation game
Sainsbury’s Bank examines the financial habits of different generations.
Fighting a (losing) battle against fraud
It appears financial institutions and businesses in the US are fighting a losing battle.
Infographic: card fraud – is biometrics the missing piece of the puzzle?
Thumbs up as Fingerprints is on hand to help with some pointers.
identitii teams with RPA firm Blue Prism
Will design tech to digitise and automate corporate payment and trade transaction processes.
ShopKeep launches on Android to broaden hardware options
POS-itive news from US point of sale technology provider.
Kabbage plans payment processing by year end
To help it compete with ever-rising fintech giants such as PayPal and Square.
Tradeshift Pay to take the pain from supply chain
Cloud platform will bring together supply chain finance and blockchain-based payments.
Flywire’s invoicing service emerges from beta
US company adds new international invoicing service to its offerings.
