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Westpac automatically blocks payments to suspected scammers

/security

Westpac automatically blocks payments to suspected scammers

Westpac has started automatically blocking suspect online transactions from overseas retailers deemed high-risk of being a scam.

Online checkout giant Bolt to buy Wyre to add crypto payments

/crypto

Online checkout giant Bolt to buy Wyre to add crypto payments

Decacorn online checkout company Bolt is set to add crypto payments to its platform after agreeing to buy blockchain infrastructure provider Wyre for a reported $1.5 billion.

Advent takes majority stake in MangoPay

/payments

Advent takes majority stake in MangoPay

Private equity giant Advent International is buying a majority stake in MangoPay, a European payment technology provider for marketplaces and platforms.

Online retailers warned of lost sales as SCA comes into effect

/security

Online retailers warned of lost sales as SCA comes into effect

Online retailers are being warned to be prepared for the introduction of Strong Customer Authentication (SCA), the biggest change to payments since Chip & Pin rolled out 16 years ago.

UK merchants warned to get ready for imminent SCA

/regulation

UK merchants warned to get ready for imminent SCA

With the UK finally set to officially enforce Strong Customer Authentication (SCA) rules, vendor Forter is warning merchants that issuing banks are already issuing soft declines on transactions which have not been sent to 3DS and are not flagged as either exempt or out of scope.

Copernic Space launches world’s first sale of space assets

/crypto

Copernic Space launches world’s first sale of space assets

An ‘eBay for space’, of sorts, Copernic Space has today launched its initial private sale of payload space – essentially enabling suppliers to send a minimum of 100g of physical cargo (such as artworks, or IoT devices) to the moon.

Ebanx appoints Google's Bellizia president, global payments

/people

Ebanx appoints Google's Bellizia president, global payments

Latin American cross-border commerce platform Ebanx has appointed former Google and Microsoft executive Paula Bellizia president of global payments.

Major tech antitrust bill advanced by US Senate vote

/regulation

Major tech antitrust bill advanced by US Senate vote

The Senate Judiciary Committee voted 16-6 this week to advance a major tech competition bill, says CNBC.

Step2 to get upgrade to process payments in minutes and around the clock

/payments

Step2 to get upgrade to process payments in minutes and around the clock

EBA Clearing will upgrade its Step2 pan-European mass payment system later this year to process Sepa transactions around the clock, seven days a week, and to provide settlement results to participating banks in minutes.

Walmart prepares to step into the metaverse

/crypto

Walmart prepares to step into the metaverse

Trademark filings reveal Walmart’s plans to create its own cryptocurrency and a collection of non-fungible tokens (NFTs), suggesting the retailer’s appetite to make and sell virtual goods in the metaverse.

Curve promises Amazon Visa ban hack

/payments

Curve promises Amazon Visa ban hack

As Amazon UK stops accepting Visa credit cards from later this week, fintech Curve says it has a "hack" that will enable shoppers to still make payments with the banned cards.

Checkout.com to double down on US push with $1 billion fund raise

/payments

Checkout.com to double down on US push with $1 billion fund raise

Online payments firm Checkout.com has almost tripled its valuation to $40 billion on the back of a whopping $1 billion Series D funding round.

Israeli fintech Tipalti sees valuation exceed $8bn

/payments

Israeli fintech Tipalti sees valuation exceed $8bn

Tipalti, a provider of AI-powered commercial payments and accounting services, has completed a series F funding round that has seen its valuation reach $8.3 billion.

Klarna rolls out BNPL browser extension

/payments

Klarna rolls out BNPL browser extension

Klarna is launching a browser extension, enabling shoppers to buy now, pay later from their desktops at every online store.

Butter introduces BNPL card

/payments

Butter introduces BNPL card

UK-based buy now, pay later provider Butter is bidding to put a nail in the coffin of the credit card with the launch of its own BNPL card.

Microsoft to bake BNPL into browser with Zip

/payments

Microsoft to bake BNPL into browser with Zip

Microsoft is to embed a buy now, pay later option into the Edge browser through a partnership with Zip.

Black Friday payment data reveals surge in BNPL usage

/payments

Black Friday payment data reveals surge in BNPL usage

There was a 51% increase in the use of BNPL payment methods in Europe during Black Friday, Cyber Week and Cyber Monday compared to the previous year, according to data from Mollie.

YouTrip raises $30m for move into B2B payments

/startups

YouTrip raises $30m for move into B2B payments

Singapore-based neobank YouTrip has raised US$30 million in a Series A funding round that will fuel its move into B2B payments and the wider Southeast Asian market.

Monzo adds virtual card for contactless payments to Flex BNPL product

/payments

Monzo adds virtual card for contactless payments to Flex BNPL product

Monzo's buy now, pay later product, Flex, will come with a virtual card that lets users make contactless Apple Pay or Google Pay payments in-store.

Nubank moves into e-commerce

/retail

Nubank moves into e-commerce

Brazilian digital banking giant Nubank has teamed up with a roster of retailers to add an e-commerce section to its app.

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