Payments

PostFinance Selects FICO to Protect Nearly 3 Million Debit Cards With AI

Analytics software firm FICO announced that Switzerland’s PostFinance will protect nearly 3 million debit cards with the FICO® Falcon® Platform, an AI-powered payments card protection system. PostFinance, the financial institution of Swiss Post, will use the Falcon Platform to manage

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Freight Payments Platform PayCargo Secures US$125 Million From Insight Partners

PayCargo, a freight payment platform in the U.S., has announced a US$125 million Series B investment by global venture capital and private equity firm Insight Partners. The Series B Round comes just nine months after Insight Partners’ previous investment of

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Brazilian Cross-Border Commerce Platform EBANX Bags US$430 Million Ahead of IPO

EBANX, a Brazilian cross-border commerce platform, announced an investment of US$400 million from Advent International and an additional commitment of US$30 million to the company’s planned IPO in the U.S. Advent has made investments in Vantiv, Worldpay, Nets, Nexi, Planet,

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Dutch Payments Firm Adyen Granted Branch License to Operate in California

Dutch payments firm Adyen announced that it has received approval from the US Office of the Comptroller of the Currency (OCC) to establish a branch in California. With the OCC’s approval and granting of the branch charter in combination with

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Stripe Rolls Out Tax Compliance Feature for Businesses in Over 30 Countries

Stripe, an Irish-American payment processing platform, announced the launch of Stripe Tax to help businesses automatically calculate and collect sales tax, value-added tax (VAT), and goods and services tax (GST) in over 30 countries. The Stripe Tax feature was engineered

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PayAlly Taps Banking Circle to Enhance Its B2B Cross Border Payments Services

PayAlly, a London-based fully integrated payments ecosystem for SMEs, has selected global financial infrastructure provider Banking Circle‘s solutions to improve its multi-currency B2B cross border payments services. In particular, the new partnership gives PayAlly access to a wider choice of

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London Fintech Curve Raises Nearly £10 Million in Largest Ever Equity Raise on Crowdcube

Curve, a London fintech that allows consumers to store their payment cards in a single location, has secured £10 million in an equity raise on Crowdcube from 11,795 investors. This is reportedly the largest ever equity raise on Crowdcube, breaking

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Dutch Payments Security Firm Fraudio Secures US$3.3 Million in Seed Funding

Fraudio, a Netherlands-based payments fraud prevention startup, announced that it has raised US$3.3 million during a seed funding round. Investors in this round are the founders of FinTech companies Stone and SaltPay, VCs BiG Start Ventures and BYND Venture Capital,

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Visa Expands Its Fintech Partner Connect Programme

Visa announced the expansion of its Visa Fintech Partner Connect programme which is designed to help financial institutions quickly connect with a vetted and curated set of technology providers. By streamlining the discovery process, Fintech Partner Connect can help Visa’s

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Payments Firm Paysend Secures US$125 Million in Series B Fundraise

Paysend, a London-based payments platform, announced that it has closed a Series B funding round of US$125 million. The fundraise was led by One Peak, with participation from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing long-term investors including

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