Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Ant Financial launches new fintech brand

Ant Financial Services Group (“Ant Financial” or “the Company”) today announced that the Company would open up a full suite of technology products and services under a new brand, Ant Financial Technology, to support the growth of financial institutions by improving user experience and lowering costs.

20 September 2018

Company update/E-commerce

Mastercard settles US merchant class-action suit

Mastercard has reached an agreement to settle monetary damages claims in the U.S. merchant class-action litigation

18 September 2018

Company update/E-commerce

CompoSecure surpasses one million mark in dual interface metal cards manufacturing

CompoSecure, L.L.C., a pioneer and global leader in the design and manufacturing of premium financial cards, today announced that it has produced more than one million dual interface (EMV chip & contactless) metal cards.

18 September 2018

News/E-commerce

Stripe moves into in-store payments

Stripe is going after the high street, launching its own point-of-sale payments terminal package targeted at online retailers making the jump to offline.

17 September 2018

News/E-commerce

Klarna to acquire consumer financing arm of Close Brothers

Fintech unicorn Klarna is buying the retail financing arm of merchant bank Close Brothers to strengthen its position in the UK market.

14 September 2018

Company update/E-commerce

Ravelin raises £8m to help secure online commerce from the growing threat of fraud

Ravelin, the London-based fraud and risk prediction company, today announced an £8M Series B round led by BlackFin Capital Partners to expand its overseas business and extend its market reach.

11 September 2018

Company update/E-commerce

Elavon acquires Electronic Transaction Systems

Elavon, global merchant payment processing provider and subsidiary of Minneapolis-based U.S. Bancorp, has acquired Electronic Transaction Systems (ETS), a financial technology company based in Virginia.

05 September 2018

Company update/E-commerce

Rakuten buys bitcoin exchange

Rakuten, Inc. (hereinafter “the Company”) announces that today it decided to acquire everybody’s bitcoin Inc. (hereinafter “everybody’s bitcoin”) through its subsidiary, Rakuten Card Co., Ltd.

31 August 2018

News/E-commerce

Google bought Mastercard data to link ads with in-store purchases

Google and Mastercard struck a secret deal that used card transaction data to let some US merchants see when online ads led to sales at physical stores, according to Bloomberg.

31 August 2018

News/E-commerce

First fintech goes live on Swift's cross-border payments scheme

UK-based Ebury has become the first fintech to be a full and active participant on gpi, Swift's cross-border payments scheme.

30 August 2018

Company update/E-commerce

Terra raise s$32m for stablecoin push

Terra has successfully closed its seed funding round with an initial USD $32M raised to kickstart its vision of creating the next generation of digital money.

29 August 2018

News/E-commerce

Stripe and Visa invest in Nigerian payments startup Paystack

Paystack, Nigeria's answer to Stripe, has raised $8 million in a Series A funding round led by Stripe and joined by Visa, Tencent and Y Combinator.

28 August 2018

Company update/E-commerce

Modo and Etihad partner for airline loyalty scheme

Modo, the payments technology startup focused on creating interoperability between payment systems, today announced their partnership with the leading international airlines of the UAE, Etihad Airways, to co-create a unique loyalty solution for the airline industry as part of the FinTech Abu Dhabi Innovation Challenge (the Innovation Challenge).

28 August 2018

News/E-commerce

SoftBank to invest $100m in Chinese insurtech JV

Japanese multinational SoftBank, one of the most prolific fintech investors, is set to spend $100m on a joint venture with Chinese digital insurer ZhongAn Online.

28 August 2018

Company update/E-commerce

Visa invests in Japan's Paidy

Today, Paidy Inc. (“Paidy”), an instantly-issued post-pay credit provider, announced an investment from Visa (NYSE: V) as part of the company’s Series C funding.

24 August 2018

Company update/E-commerce

Australian Payments Network consults on online card fraud

The Australian Payments Network (AusPayNet) today announced the start of an industry consultation on a new framework to accelerate the fight against online card fraud.

21 August 2018

News/E-commerce

Alternative payments trump traditional rivals in Apac ecommerce market

Alternative payment methods such as mobile wallets now account for just over half of ecommerce transaction value in Asia Pacific, according to research from GlobalData.

14 August 2018

Company update/E-commerce

EMVco releases 3D-Secure test platform

EMVCo today announces the availability of the full EMV 3-D Secure (EMV 3DS) Test Platform, which enables the functional testing of EMV 3DS solutions.

14 August 2018

Company update/E-commerce

Cross-border commerce outfit Flow adds Bitpay to support cryptocurrency

Flow, a leader in next generation cross border commerce, today announced the expansion of its international payment options to support cryptocurrency payment processing through BitPay, the pioneer and most experienced company in bitcoin and blockchain payments.

08 August 2018

Company update/E-commerce

Canadians have checkout abandonment issues

Everything in the retail, service, sharing economy and hospitality business is about creating an exceptional customer experience. Yet, according to a new study released today by Payments Canada, friction at the end of the path to purchase in store and online is causing 53 per cent of Canadians to abandon a purchase.

08 August 2018