- Cardworks Inc. and its banking unit, Merrick Bank, have agreed to acquire Ally Financial Inc.’s credit card portfolio. The business includes $2.3 billion in receivables and serves 1.3 million active cardholders. Terms were not announced.
- The card-issuing platform Marqeta Inc. is supporting efforts by Trading 212, a developer of financial apps, to launch its debit card in 20 European countries.
- Mesta, a fintech offering payment rails for fiat and stablecoin transactions, launched a cross-border payments platform to solve what it calls “inefficiencies” in global payments. Since launching 12 weeks ago, the platform has processed $12 million in volume.
- U.S. Bank launched an ad campaign for the Smartly Visa Signature Card. The campaign, which features former NFL quarterback Peyton Manning, began with a commercial during the College Football Playoff National Championship game on Monday. The credit card carries no annual fee and offers cash back with no limits on spending when issued on a U.S. Bank savings account.
- The card-issuing platform startup Highnote raised $90 million in Series B funding in a round led by Adams Street Partners. The company, reportedly now valued at more than $750 million, launched in 2020.
- StoneEagle, a software provider for car dealerships, has integrated services from ConnexPay, a payments-technology provider.
- Payments provider PayBright appointed acquiring-industry veteran Thad Sheffield as its first director of agent success and experience.
- Bank-payments specialist Brite Payments has appointed George Park Davie vice president for product. Davie comes to the company from Klarna AB.
Check Also
Evolv Partners With United Bankers Bank, While Deluxe Posts 2024 Earnings
Evolv Inc. has partnered with United Bankers Bank to provide a merchant-services program to UBB’s …