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- PaidBy, an account-to-account payments provider, said it is working with Mastercard Inc. to boost global uptake of A2A payments using open banking.
- American Express Co. has added a second checked bag as a new benefit for holders of its Basic Delta SkyMiles, Gold, Platinum and Reserve Consumer cards and Business cards. AmEx said the added benefit comes with no increase in the annual fee.
- Ramp, a 7-year-old payments platform, raised $750 million in a funding round led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan. The round values Ramp at $44 billion.
- Bank of America Corp. announced it will launch a cross-border real-time payments service to enable corporate, commercial, and financial institution clients to send and receive funds through Swift or the bank’s digital platform, CashPro.
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