Shares in PayPal Holdings Inc. traded down toward the end of the day Wednesday following a report from Reuters that some banks in Europe were experiencing unauthorized direct debits from PayPal accounts, according to the BBC. PayPal told Reuters some banking partners had been affected by “a temporary service interruption” and the …
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Finastra, a London-based developer of payments software for banks, said Wednesday it will work with Circle Internet Group Inc. to let banks include stablecoin settlement in their cross-border payments processing. In related news, the cross-border payments technology provider Tazapay announced it has closed on a Series B round with funding …
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Technology provider Q2 Holdings Inc. announced Open Payment Network is its first partner to offer integration for Q2 Instant Payments Manager, a product aimed at banks looking to manage real-time payment workflows. Canada-based payments provider Corpay Inc. announced its cross-border platform has become the official foreign-exchange partner to the New Zealand Football club. Klear.ai, …
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The payments-technology firm Gr4vy Inc. said it will work with Datalex, a technology provider for airline e-commerce, to enable payment orchestration capabilities for the airline industry. Payments provider Priority Technology Holdings Inc. said it has closed on an acquisition of revenue agreements and customer relationships owned by Boom Commerce, a Priority reseller. Priority said it expects …
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The processor Nuvei Corp. announced an integration with Zuora Inc., a technology developer for subscription businesses, to provide payments technology for Zuora clients. The subscription market globally is forecast to reach $996 billion in volume by 2028, compared to $593 billion last year, according to Juniper Research data cited by Nuvei and …
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U.S. payments fintech Payoneer Inc. announced it will work with Stripe Inc. to offer an improved Payoneer Checkout service for small and medum-size merchants, starting in the Asia-Pacific region. The collaboration will enable more payment methods, including buy now, pay later from Affirm Inc. and Klarna AB and digital wallets from Apple …
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Booking.com has launched its Genius Rewards Visa Signature credit card, offering travel-related rewards and issued by First Electronic Bank. Xsolla, a commerce company for game developers, said its Pay Station platform now supports pay by bank in the U.S. market and the Affirm buy now, pay later service in the U.S. …
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Shift4 Payments Inc. said it is working with Blue Origin, a space technology company, to enable customers to pay for space flights with cryptocurrency and stablecoins. Payments technology provider Thunes announced a deal with Ontop, a payroll and financial platform, to enable freelancers and remote workers real-time access to their earnings. Payments technology …
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Fintiv Inc., a digital-wallet developer, has sued Apple Inc., alleging the iPhone maker stole mobile-wallet technology from Fintiv to further its development of Apple Pay. The case was filed in the Northern District of Georgia, Atlanta Division. Apple Pay debuted in October 2014. Fintiv at the time was known as …
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Finzly, a developer of payments technology for financial institutions, says it is preparing to support stablecoins and tokenized deposits. The move is aimed at helping financial institutions remain relevant as programmable money becomes more common, the company says. Programmable money is a digital form of currency that can be programmed …
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