Apple may be forced to open up the tech that powers Apple Pay to banks and other competitors
Bloomberg The European Union is considering new rules that would likely require Apple Inc. to give competitors access to payments technology inside its iPhones. The new laws would prevent mobile device manufacturers from limiting access »
Flywire and Mastercard Team Up to Simplify Cross-Border Tuition Payments
Flywire Flywire, a vertical payments company, is partnering with Mastercard to provide students with discounted foreign exchange rates on cross-border tuition payments made with Mastercard. The offer is available during the 2020 Fall term to »
Market value of big fintech companies rises to $1 trillion, more than the largest banks
CNBC There may be a changing of the guard underway in financials. The market caps of payment stocks like Visa and MasterCard have eclipsed the value of Wall Street’s biggest banks, even as their balance »
TSG Commentary – Payments Trends that Will Outlive COVID
What we have observed recently by working with clients throughout the Payments ecosystem By Kurt Strawhecker In a continuing series of articles, we at The Strawhecker Group (TSG) have attempted to make some sort of »
Executive Interview Series: Talus Payments CEO, Kim Fitzsimmons
The Executive Interview Series provides readers with exclusive insights from movers and shakers in the payments industry. The Payments Industry is under continuous transformation, as such this series provides diverse perspectives on everything from strategy »
Klarna becomes Europe’s biggest fintech unicorn at over $10 billion valuation after mega-round
CNBC Klarna is now officially Europe’s highest valued private fintech company. The Swedish online payments firm says it has raised $650 million in an equity funding round, valuing the company at $10.6 billion. The round »
Verifone buys 2Checkout
2Checkout We are thrilled to announce that 2Checkout has been acquired by Verifone, a leading global provider of payment and commerce solutions. Both 2Checkout and Verifone share a vision to simplify modern commerce and enable »
Visa and PayPal Expand Partnership, Powering Faster Access to Funds Around the Globe
Business Wire Whether sending money to a family member in another country or obtaining same-day access to earnings, fast and secure digital payments have become an essential part of how the world pays and gets »
Nexi, SIA Said to Clear Hurdle to Blockbuster Payments Merger
Bloomberg Italy’s Nexi SpA and SIA SpA are close to clearing a major hurdle to a potential merger that would create one of Europe’s biggest payments providers, people familiar with the matter said. SIA is finalizing an accord to »
TSG Big Data: Growth & Attrition of SMB Merchants in the U.S.
During COVID-19, attrition and growth metrics are more important to merchant acquirers than ever. TSG has prepared growth bridges displaying the performance of the merchant acquiring market by accounts, volume, and net revenue. Click here »
TransactionWatch – Week of August 31st – September 4th
Click here to read TransactionWatch | Subscribe to TransactionWatch The dismantling of Wirecard continued this week with the sale of its Communication Services unit to IDnow. While this unit does not play a direct role in payments, it »
Worldline announces the closing of the acquisition of GoPay, strengthening its online payments capabilities in Eastern Europe
Worldline Worldline [Euronext: WLN], the European leader in payment and transaction services, announced the completion of the acquisition of a 53% majority stake in GoPay, the leading online collecting payment services provider for small and »
Nuvei Files for $500-600M IPO
Click here to view NewsFilter. The post Nuvei Files for $500-600M IPO appeared first on The Strawhecker Group. »
Google Quickly Rolls Out Major New Google Maps Payments Feature
Forbes Google is rolling out a new way to pay for parking in Google Maps, which is live right now in Austin, Texas and will be available more widely in the coming weeks. The new »
Cash App’s Surge During Covid-19 Pandemic Fuels Square Stock
Wall Street Journal Square Inc.’s Cash App looks a lot like a bank — digitally storing and transferring money for users. Investors don’t seem to mind. Square shares have rallied 28% in the past month »
Global Payments Signs Multi-Year Agreement With Wells Fargo Bank
Business Wire Global Payments Inc., a leading worldwide provider of payment technology and software solutions, today announced that TSYS, its Issuer Solutions business, has renewed its agreement with Wells Fargo, the fourth largest bank in »
PayPal Enters Installment Loan Business Targeting Fintechs Affirm And Afterpay
Forbes Point of sale financing—the modern layaway that lets you pay for a new TV or dress in four installments instead of putting it on your credit card—has been rising steeply in popularity over the »
BigCommerce Partners With Instagram, Stock Up 333% Since IPO
Click here to view NewsFilter. The post BigCommerce Partners With Instagram, Stock Up 333% Since IPO appeared first on The Strawhecker Group. »
One record-breaking payment stock up 150% this year could have even more upside, traders say
CNBC Mizuho analysts initiated coverage of nine payment stocks on Thursday, saying in a note they were “most enthused” about PayPal, Visa, Square, Fiserv and WEX based on their analysis of the companies’ market share gains and other »
Bill.com and KeyBank introduce Key CashFlowsm, a Streamlined Payments Solution for Small and Midsize Businesses
Business Wire Bill.com, a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMBs,) and KeyBank introduce Key CashFlowsm, an online banking solution that streamlines payments »
