Online payments

Wish Granted Payment Institution License for the EU

Retrieved on: 
Tuesday, July 6, 2021
Data management, Banking, Online Retail, Technology, Professional services, Other Technology, Retail, Software, Internet, Mobile, Wireless, Finance, De Nederlandsche Bank, Wish, Mobile payments, Online payments, Payment systems, Companies, Financial services, Service industries

ContextLogic B.V. (CLBV), a Dutch subsidiary of ContextLogic Inc. (d/b/a/ Wish) (NASDAQ: WISH), today announced it has been granted a Payment Services License by the Dutch Central Bank (De Nederlandsche Bank N.V., DNB).

Key Points: 
  • ContextLogic B.V. (CLBV), a Dutch subsidiary of ContextLogic Inc. (d/b/a/ Wish) (NASDAQ: WISH), today announced it has been granted a Payment Services License by the Dutch Central Bank (De Nederlandsche Bank N.V., DNB).
  • The new Payment Services License will enable Wish to process transactions and increase control over the payments value chain in a compliant manner, while also reducing reliance on third parties.
  • Wish will initially utilize the license to pay its EU merchants directly and will explore other payment services in the future.
  • In view of such implementation, CLBV applied for a license to act as a payment institution.

Rapyd to Acquire Valitor Expanding Access to Global Payments for its European Customers

Retrieved on: 
Thursday, July 1, 2021
Online payments, Companies, Financial technology, Money, Global Payments

Valitor is a well-established payments brand and considered one of Europe's payments leaders, providing both in-store and online payments acceptance solutions as well as card issuing to SMB merchants in Iceland, the U.K. and Ireland, and across Europe.

Key Points: 
  • Valitor is a well-established payments brand and considered one of Europe's payments leaders, providing both in-store and online payments acceptance solutions as well as card issuing to SMB merchants in Iceland, the U.K. and Ireland, and across Europe.
  • The acquisition of Valitor will complement Rapyd's existing payment capabilities throughout Europe, as well as enhance its issuing portfolio.
  • Following Rapyd's recent financing round, the company is actively pursuing acquisition opportunities, targeting strong payments companies and enhancing their capabilities by connecting them to the Rapyd Global Payments Network.
  • A highly strategic partner, at the forefront of technological innovation and with complementary strengths to those of Valitor.

Rapyd to Acquire Valitor Expanding Access to Global Payments for its European Customers

Retrieved on: 
Thursday, July 1, 2021
Online payments, Finance, Money, Articles, Global Payments, Rapyd, Financial technology, Arion Bank

HAFNARFJRUR, Iceland and LONDON, July 1, 2021 /PRNewswire/ -- Rapyd , a global Fintech as a Service company, has entered today into a definitive agreement with Arion Banki (Arion Bank) to acquire Valitor , an Icelandic payments solutions company.

Key Points: 
  • HAFNARFJRUR, Iceland and LONDON, July 1, 2021 /PRNewswire/ -- Rapyd , a global Fintech as a Service company, has entered today into a definitive agreement with Arion Banki (Arion Bank) to acquire Valitor , an Icelandic payments solutions company.
  • Valitor is a well-established payments brand and considered one of Europe's payments leaders, providing both in-store and online payments acceptance solutions as well as card issuing to SMB merchants in Iceland, the U.K. and Ireland, and across Europe.
  • The acquisition of Valitor will complement Rapyd's existing payment capabilities throughout Europe, as well as enhance its issuing portfolio.
  • Following Rapyd's recent financing round, the company is actively pursuing acquisition opportunities, targeting strong payments companies and enhancing their capabilities by connecting them to the Rapyd Global Payments Network.

PayPal Brings PayPal Zettle to the U.S. -- Its Digital In-Person and Omnichannel Solution

Retrieved on: 
Wednesday, June 30, 2021
Payment systems, Money, Finance, Online payments, Mobile payments, Electronic funds transfer, Cryptocurrencies, PayPal, Zettle, MasterCard

PayPal Zettle will also enable businesses to leverage PayPal's suite of payment and commerce solutionsfrom invoicing to PayPal's Business Debit Mastercard.

Key Points: 
  • PayPal Zettle will also enable businesses to leverage PayPal's suite of payment and commerce solutionsfrom invoicing to PayPal's Business Debit Mastercard.
  • PayPal Zettle also offersinteroperability throughPayPal's vast partner network, so businesses can easily link their PayPal Zettle accounts with their preferred ecommerce, accounting and point-of-sale partners.
  • "We believe in the power of small businesses, and we willleverage PayPal Zettle to better serve in-personbusinesses and enable them to go digitalseamlessly."
  • Best of all, our customers and employees love PayPal Zettle because it's so fast and easy to use."

Payment Fintech Zeepay Selects Paygilant to Prevent Fraud and Enhance Customer Experience

Retrieved on: 
Wednesday, June 30, 2021
Internet fraud, Internet fraud prevention, Online payments, Merchant services, Fraud

Paygilant will safeguard Zeepay's digital payment infrastructure from digital fraud and ensure a frictionless experience for its customers.

Key Points: 
  • Paygilant will safeguard Zeepay's digital payment infrastructure from digital fraud and ensure a frictionless experience for its customers.
  • Zeepay searched for a robust mobile fraud prevention solution that did not adversely impact the customer payment experience.
  • Paygilant enables financial organizations to boost their revenue, by enhancing the user experience and stopping fraud before the transaction occurs.
  • Paygilant simply triggers a real-time "risky" alert when fraud is detected and as "safe" one when the legitimate customer is identified.

Software Solutions Begin to Integrate Cryptocurrency Payments Options

Retrieved on: 
Wednesday, June 30, 2021
Online payments, Companies, Articles, Business, Server hardware, Ultra-high-definition television, Zego, Vista Equity Partners, Global Payments, Payment

Mobile POS payments are expected to contribute 37% or almost USD 2.5 Trillion to the digital payments value in 2021.

Key Points: 
  • Mobile POS payments are expected to contribute 37% or almost USD 2.5 Trillion to the digital payments value in 2021.
  • Global Payments Inc.(NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced back in May an agreement to acquire Zego from Vista Equity Partners.
  • Zego provides resident experience management software and digital commerce solutions to property managers primarily in the United States.
  • The transaction extends Global Payments' leadership in software into the real estate vertical, a USD 6.5 Billion target addressable market with a strong payments nexus and significant secular tailwinds.

Software Solutions Begin to Integrate Cryptocurrency Payments Options

Retrieved on: 
Wednesday, June 30, 2021
Online payments, Companies, Articles, Business, Server hardware, Ultra-high-definition television, Zego, Vista Equity Partners, Global Payments, Payment

Mobile POS payments are expected to contribute 37% or almost USD 2.5 Trillion to the digital payments value in 2021.

Key Points: 
  • Mobile POS payments are expected to contribute 37% or almost USD 2.5 Trillion to the digital payments value in 2021.
  • Global Payments Inc.(NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced back in May an agreement to acquire Zego from Vista Equity Partners.
  • Zego provides resident experience management software and digital commerce solutions to property managers primarily in the United States.
  • The transaction extends Global Payments' leadership in software into the real estate vertical, a USD 6.5 Billion target addressable market with a strong payments nexus and significant secular tailwinds.

The Most Flexible, Scalable, and High-Performing Shopify Ever: Major Platform Investments Unveiled at Unite 2021 Give Entrepreneurs Limitless Creative Power

Retrieved on: 
Tuesday, June 29, 2021
Payment systems, Publishing, S&P/TSX 60, Shopify, E-commerce, Online payments, eWay

Developers and merchants will now have even more potential to create unique experiences that will define the future of commerce on the internet

Key Points: 
  • Today at Shopify Unite 2021, we announced our largest set of platform investments to date.
  • "The internet is the world's largest city, and Shopify is building its commerce infrastructure," said Tobi Ltke, CEO of Shopify.
  • Introducing Payments Platform, a way to integrate third-party payment gateways into Shopify Checkout, unlocking new sales growth opportunities for merchants.
  • *The Shopify App Store and Shopify Theme Store are separate revenue streams; the $1M revenue share metric applies to each independently.

VCOIN Launches a Debit Card with Uphold Enabling IMVU Users to Earn In-Game and Spend in Real Life

Retrieved on: 
Tuesday, June 29, 2021
Financial services, Banking, Mobile payments, Money, Payment systems, Online payments, Debit cards

This new offering expands VCOINs utility for holders and makes it even easier for earners of VCOIN to spend its value in real life.

Key Points: 
  • This new offering expands VCOINs utility for holders and makes it even easier for earners of VCOIN to spend its value in real life.
  • To sign up for the Uphold debit card, users must have or create an Uphold account and then download the Uphold Card app .
  • Were pleased to partner on this debit card so more users can spend their VCOIN at their favorite stores.
  • VCOIN enables users to buy, earn, hold and exit to real value, giving users control over their earnings.

Cambridge Global Payments Announces New Partnership with Steamchain Corp.

Retrieved on: 
Tuesday, June 29, 2021
Finance, Banking, Professional services, Technology, Software, Online payments, Companies, Fleetcor, Global Payments, Finance, Cambridge Global Payments, Steamchain Corp., CAMBRIDGE GLOBAL PAYMENTS, STEAMCHAIN CORP.

Cambridge Global Payments (Cambridge), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, and Steamchain Corp. (Steamchain), a technology platform focused on helping to reduce the cost of currency conversion, currency fluctuation risk and cumbersome document flow, are pleased to announce they have partnered to bring a tailored solution to help companies in the global shipping and logistics industries, simplify sending and receiving payments with their global partners.

Key Points: 
  • Cambridge Global Payments (Cambridge), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, and Steamchain Corp. (Steamchain), a technology platform focused on helping to reduce the cost of currency conversion, currency fluctuation risk and cumbersome document flow, are pleased to announce they have partnered to bring a tailored solution to help companies in the global shipping and logistics industries, simplify sending and receiving payments with their global partners.
  • View the full release here: https://www.businesswire.com/news/home/20210629005002/en/
    We see a unique opportunity to partner with Steamchain and their forward-thinking payments technology, said Don Banowetz, Vice President, Enterprise Sales at Cambridge Global Payments.
  • The traditional financial institution processes for global payments can be improved and Steamchain Corp is here to help solve that.
  • 1Cambridge Global Payments is the trade name of various corporations in the Cambridge group of companies including Cambridge Mercantile Corp., Cambridge Mercantile Corp. (U.S.A.), Cambridge Mercantile Corp. (UK) Limited and Cambridge Mercantile (Australia) Pty.