23 September 2017
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Latest payments news

RailsBank raises $1.2 million in funding

RailsBank raises $1.2 million in funding

09 August 2017  |  10906 views  |  0 comments | 11 tweets | 2 linkedin

RailsBank, a fintech startup led serial entrepreneur Nigel Verdon that promises to provide access to global banking services with 5 lines of code, has raised $1.2 million in a funding round led by Firestartr

Sberbank invests $500 million in e-commerce joint venture

Sberbank invests $500 million in e-commerce joint venture

09 August 2017  |  5496 views  |  0 comments | 5 tweets | 7 linkedin

Sberbank is to spend $500 million to take a 50% stake in Yandex.Market, the e-commerce venture operated by the Russian search engine.

Online retailer Overstock starts accepting Bitcoin Cash and Ethereum

Online retailer Overstock starts accepting Bitcoin Cash and Ethereum

09 August 2017  |  11400 views  |  0 comments | 14 tweets | 8 linkedin

American e-commerce retailer Overstock has doubled down on its cryptocurrency bet, adding Bitcoin Cash, Ethereum and Litecoin to Bitcoin as payments options for nearly four million products on its site.

Capital One shuts down PFM app Level Money

Capital One shuts down PFM app Level Money

07 August 2017  |  7787 views  |  1 comments | 7 tweets | 4 linkedin

Capital One is to shut down its Level Money budgeting app due to changing consumer finance needs and fierce competition in the market for personal financial software.

CBA blames money laundering reporting failures on ATM coding error

CBA blames money laundering reporting failures on ATM coding error

07 August 2017  |  9385 views  |  1 comments | 4 tweets | 6 linkedin

Commonwealth Bank of Australia has blamed a three-year coding error in its intelligent deposit machines (IDM) for breaches of anti-money regulations.

Westpac invests $40 million in POS financing startup ZipMoney

Westpac invests $40 million in POS financing startup ZipMoney

07 August 2017  |  6769 views  |  0 comments | 7 tweets | 7 linkedin

Westpac has poured $40 million into point-of-sale financing startup ZipMoney in a deal that is being billed as a coming-of-age for Austalian fintech.

Blackstone/CVC agree £2.96 billion deal for Paysafe

Blackstone/CVC agree £2.96 billion deal for Paysafe

04 August 2017  |  10061 views  |  0 comments | 15 tweets | 13 linkedin

The private equity industry's appetite for blockbuster payment deals shows no signs of abating as Blackstone and CVC agree a £2.96 billion deal to acquire online payments company Paysafe.

EC sets sights on Visa's inter-regional interchange fees

EC sets sights on Visa's inter-regional interchange fees

04 August 2017  |  14933 views  |  0 comments | 7 tweets | 14 linkedin

The European Commission has taken another step in its long-running tussle with Visa over interchange fees, turning its attention to the fees merchants in the EU must pay on transactions involving cards issued outside of the region.

Square stock rises on bigger deals

Square stock rises on bigger deals

03 August 2017  |  9172 views  |  1 comments | 1 tweets | 1 linkedin

Shares in payments upstart Square have surged after the company pushed revenues above expectations on the basis of more sales to larger retailers.

Jiffy moves from P2P to P2B

Jiffy moves from P2P to P2B

03 August 2017  |  7830 views  |  0 comments | 9 tweets | 6 linkedin

Italian P2P payments app Jiffy is heading to the high street, with deployment at over 150 retail stores in Milan, Rome and Turin.

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