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Ramp closes second raise in 45 days as AI fuels growth

/ai

Ramp closes second raise in 45 days as AI fuels growth

Less than two months after raising $200 million at a $16 billion valuation, Ramp has pulled in another $500 million in a round that values the expense management startup at $22.5 billion.

/payments

Visa brings Google Pay integration into fleet cards

Visa (NYSE: V), a global leader in digital payments, today announced a major advancement for Fleet Operators. With the addition of Google Pay tokenization and push-to-wallet, Visa addresses the long-standing challenge of fleet data tags being tied solely to the plastic card chip.

/payments

Mastercard beefs up virtual card platform

Mastercard is modernizing supplier reconciliation and streamlining virtual card payments with several new enablers.

Apple and JPMorgan Chase close in on credit card deal

/payments

Apple and JPMorgan Chase close in on credit card deal

JPMorgan Chase is on the verge of closing a deal to replace Goldman Sachs as issuer for the Apple credit card, according to reports.

/payments

AstroPay launches platform to let companies embed financial services

AstroPay, the financial operating system trusted by millions of users globally, today launched its boldest product yet: AstroPay Platform.

/payments

Mastercard Receivables Manager launches

Mastercard is modernizing supplier reconciliation and streamlining virtual card payments with several new enablers.

/payments

Crédit Agricole Italia and Nexi renew partnership

Crédit Agricole Italia can continue Nexi’s acquiring and payment solutions with this strategic move.

/payments

Nuvei adds PINless debit and least cost routing

Nuvei today announced the addition of PINless debit and Least Cost Routing to its Authorization Optimization suite, improving its authorization rate for merchants in North America by up to 3.5 percentage points for applicable transactions.

Samsung Wallet adds in-store instalment payments

/payments

Samsung Wallet adds in-store instalment payments

Samsung has teamed up with Splitit to let users of its mobile wallet use their existing credit to split in-store payments into instalments.

Modern payments excellence: Exploring diversification of channels, orchestration, and regulation

/Cards

Modern payments excellence: Exploring diversification of channels, orchestration, and regulation

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Mastercard launches AI card design platform

/ai

Mastercard launches AI card design platform

Mastercard has launched an AI-based design tool to help issuers create payment cards with the click of a button.

/payments

Deutsche Bank begins card acquiring for Bolt

Deutsche Bank successfully launched card acquiring services for Bolt, one of Europe’s leading mobility providers, across Europe and the United Kingdom.

/payments

Thredd and Inswitch join forces to help fintechs launch local card programmes in Mexico

Thredd, the leading next-generation global payments processor, today announced a strategic partnership with Inswitch, a global provider of embedded finance technology and regulated BIN sponsor operating across Latin America and the U.S.

Nordea taps Mynt to roll out an expanse management system for SMEs across the Nordics

/payments

Nordea taps Mynt to roll out an expanse management system for SMEs across the Nordics

Swedish fintech Mynt has been selected by Nordea, the largest bank in the Nodics, to launch a business credit card and spend management service for small and medium-sized enterprises (SMEs) across Sweden, Norway, Denmark and Finland.

/payments

Ethiopia embraces its first domestic credit card

SanuPay, a rising card technology firm in East Africa, is partnering with OpenWay, a global provider of digital payment software, to introduce Ethiopia’s first domestic credit card.

CaixaBank develops an AI agent to help customers explore products in the app

/ai

CaixaBank develops an AI agent to help customers explore products in the app

CaixaBank has launched a generative AI-based agent to help users of it mobile banking application learn details about products, compare the different available options, and choose which one best suits their needs.

/payments

RBA proposes to lower cap on interchange fees

The Reserve Bank of Australia (RBA) has today released a Consultation Paper as part of its Review of Merchant Card Payment Costs and Surcharging.

Visa and Mastercard face another UK class action suit over card fees

/payments

Visa and Mastercard face another UK class action suit over card fees

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

/payments

Coda to buy prepaid payments platform Recharge

Coda, a global leader in digital content monetization headquartered in Singapore, today announced it has signed a definitive agreement to acquire Recharge, Europe’s leading prepaid payments platform, headquartered in Amsterdam.

/payments

ICBA Payments renews Visa deal

ICBA Payments, a subsidiary of the Independent Community Bankers of America® (ICBA), today announced the renewal of its four-decade relationship with Visa.

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