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Infinity Ventures closes $184m fintech fund

/startups

Infinity Ventures closes $184m fintech fund

Infinity Ventures, the early-stage fintech and commerce venture firm founded by PayPal veterans, has raised a $184 million Fund II.

/payments

Revolut offers UK merchants option to accept AmEx

Revolut, the global fintech with over 45 million retail customers and hundreds of thousands of business customers globally, is now giving Revolut Business merchants in the UK the option to accept American Express Cards as a payment method for ecommerce, including through Revolut Gateway, Payment Links, and Tap to Pay on iPhone payments – with more in-person payment solutions to come later this year.

/payments

Stripe unveils upgrades and customer wins

Stripe, a financial infrastructure platform for businesses, today announced new features to help businesses accelerate their growth. The updates were part of Stripe Tour New York, the company's annual product showcase in NYC.

/payments

Cashflows brings Mastercard Click to Pay to UK businesses

Cashflows, the platform that makes it easy for merchants to accept payments, today announces its partnership with Mastercard to offer its merchants Click to Pay.

/payments

JCB and Nuvei expand partnership in Apac

JCB International Co., Ltd. ("JCB"), Japan's only international payment brand, today announced that it has expanded its global partnership with Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, to include Singapore and Hong Kong.

/retail

Storfund partners TikTok Shop for embedded cash flow offering

Fintech Storfund has announced a new partnership with TikTok Shop that will introduce the first fully embedded cash flow solution in a major US marketplace, an innovation set to benefit sellers with high-growth potential on the social media app.

/payments

Worldline bolsters merchant services business

Worldline [Euronext : WLN], a global leader in payment services, announces the appointment of Paul Marriott-Clarke as Head of Merchant Services business, effective 7 October 2024.

/payments

Paysafe and GiG partner for gaming payments

Paysafe (NYSE: PSFE), a global payments platform, today announced a strategic partnership with Gaming Innovation Group or “GiG” (First North: GIG SDB), a leading B2B iGaming technology company.

Ecommerce fraud to exceed $100bn by 2029

/crime

Ecommerce fraud to exceed $100bn by 2029

The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.

/payments

JCB offers GooglePay in Japan

JCB Co., Ltd., Japan’s only international payment brand, announced that it enabled Google Pay for its customers on September 6, 2024.

HSBC launches embedded finance venture

/wholesale

HSBC launches embedded finance venture

HSBC has partnered B2B global trade network Tradeshift on a joint venture offering embedded finance solutions to business clients.

/payments

Klarna Checkout rebrands as Kustom

Today, Klarna Checkout, also known as KCO, becomes the independent company Kustom.

/payments

Praxis Tech unveils cascading payments platform

Praxis Tech, a leader in payment orchestration technology, today unveiled the industry's first PIX Cascading feature available as an easy-to-integrate solution for merchants of all sizes.

/payments

Klarna becomes official Apple reseller

Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers can purchase Apple products using its flexible payment options.

/payments

Kazang Pay debuts card acquiring service in Zambia

Kazang (www.Kazang.com), the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia.

/crime

Survey shows rise in chargeback abuse

As eCommerce sales continue to hit record highs, merchants around the globe are seeing a correlated rise in illegitimate disputes by cardholders through card-not-present (CNP) transactions.

Mastercard agrees to buy subscription management startup Minna

/payments

Mastercard agrees to buy subscription management startup Minna

Mastercard has struck a deal to acquire Swedish subscription management specialist Minna Technologies. Financial terms were not disclosed.

/payments

Mastercard and Amazon Payment Service join forces in Middle East and Africa

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE.

/people

PayU GPO names Ugochukwu Eze country manager, Nigeria

Today, PayU GPO, the leading online payment service provider operating in over 50+ emerging markets, announces the appointment of Ugochukwu Eze as Country Manager in Nigeria.

Ireland to grant National Cyber Security Centre emergency powers

/security

Ireland to grant National Cyber Security Centre emergency powers

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".

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