30 September 2014

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Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.


Ripple signs first two US banks

24 September 2014  |  5

Open source payments outfit Ripple Labs has snared deals with two US banks who plans to use its real-time settlement protocol for cross-border money transfers.

B2B payments startup Traxpay has raised £15 million in a series B funding round led by the incubation unit of Germany's Commerzbank, and announced a four-year relationship with MasterCard as it bids to achieve global scale.

Swift has given a strongly worded response to a European Parliament resolution calling on the EU to consider expelling Russia from the financial messaging network.

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Finextra expands into North America

19 September 2014  |  0

Just as fintech steps from the shadows into the mainstream, Finextra is establishing a local North American editorial presence.

Cross-border payments network Earthport has raised £26.6 million through the placing of 65 million shares with a mix of new and existing institutional investors.

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