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/ai

Citi joins Series A for AI-powered B2B embedded finance platform CrediLinq

AI-powered B2B embedded finance platform CrediLinq has closed a $8.5 million Series A funding round led by OM/VC and MS&AD Ventures.

/payments

Paythru partners with Adyen on electric vehicle charging payments platform

The new EV payments platform will help to standardise how drivers pay at EV charge points. EV drivers primarily pay for charging using credit or debit cards, either by tapping their cards on a payment terminal or by using a kiosk. Other methods include using charging cards (RFID), smartphone apps, and 'Plug & Charge' technology. Some stations also allow for online payments or payments through QR codes.

/sustainable

GIST Impact partners with Global Canopy to help financial institutions assess deforestation risk

The collective goal of this partnership is to make deforestation analysis the norm at every financial institution.

/crypto

Mastercard and MoonPay bid to mainstream stablecoin payments

Mastercard is stepping up its commitment to stablecoins, inking a deal with MoonPay to enable people and businesses to use them for payments across global markets.

/payments

Wero wallet arrives at the online checkout via Nuvei

Nuvei has joined the European Payments Initiative (EPI) as one of the first providers to offer merchants the Wero digital mobile wallet as an option in their online checkouts.

/retail

Acorns buys family wealth app EarlyBird

Savings and investment app Acorns has acquired the assets of EarlyBird, a "family wealth and digital memory" platform for kids. Financial terms were not disclosed.

/payments

ECB sets back deadline for non-bank PSP access to Target

The European Central bank has postponed a deadline for allowing non-bank payment service providers (PSPs) to access central bank-operated payment systems, including the Target settlement system.

/crypto

Coinbase says crooks bribed workers for customer data in breach that could cost it $400m

Coinbase says that crooks bribed employees and contractors to steal customer data for use in social engineering attacks in an incident that may cost the crypto exchange up to $400 million to address.

/retail

What to get for the friend who has everything? A Revolut subscription plan!

Revolut is bidding to bolster its paid-for customer base by introducing the ability for users to gift premium annual plans to their friends and family.

/payments

Lloyds selects Moneyhub for transaction data enrichment

Lloyds banking Group is to pair inhouse-developed GenAI with transaction categorisation data from Moneyhub to give customers real-time insights into their spending habits.

/payments

Leading retailers urge EU to crack down on Visa and Mastercard fees

Europe's largest retailers have banded together to press the European Commission to crack down on fees charged by Visa and Mastercard.

/wholesale

JPMorgan Chase releases open source quantum software library

JPMorgan Chase and technology company Infleqtion have released a new open source quantum software library designed to improve the efficiency of potential applications and use cases.