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

Santander buys Elavon México for global merchant acquiring push

Spanish banking giant Santander has struck a deal to buy merchant payments platform Elavon México for EUR79 million.

24 February 2020

Company update/payments

Russia's MIR payment network expands into Tajikistan

The acceptance of MIR National Payment System (MIR) cards has been announced in Tajikistan, opening up access to Russians who live in, or travel to, the country.

19 February 2020

Company update/payments

Wordline wins Subway contract

Worldline [Euronext: WLN], the European market leader in payment and transaction services, has been selected to provide state-of-the art payment solutions to Subway® restaurants across Europe.

19 February 2020

Company update/Eftpos

SumUp to issue payment card for merchants

SumUp, the UK-based financial technology company, has today announced the launch of its first-ever card for business payments, in partnership with Mastercard.

18 February 2020

Company update/payments

Restaurant POS firm Toast raises $400m

Toast, the fastest-growing restaurant management platform in the U.S., today announced a $400M Series F funding round led by Bessemer Venture Partners, TPG, Greenoaks Capital, and Tiger Global Management with participation from Durable Capital Partners LP, TCV, funds and accounts advised by T. Rowe Price Associates, G Squared, Light Street Capital, Alta Park Capital, and others.

14 February 2020

Company update/Eftpos

Fiserv introduces Clover scan to pay tech

Restaurants can offer guests a more efficient, flexible, and secure payment experience with Scan to Pay, a first of its kind feature available with the Clover platform from Fiserv, Inc., (NASDAQ: FISV), a leading provider of financial services technology.

13 February 2020

Company update/payments

RaPay launches QR code-based merchant payment system

RaPay is proud to announce the launch of its digital payment system, a new platform designed to reduce merchant settlement times associated with taking Debit Card payments.

13 February 2020

News/payments

Visa invests in POS financing platform ChargeAfter

Visa has made a strategic investment in ChargeAfter as part of a broader deal with the point-of-sale financing technology platform.

12 February 2020

News/crypto

BitPay partners Poynt to bring bitcoin payments to the streets

BitPay is trying to finally bring bitcoin to the streets, inking a deal with point-of-sales terminal maker Poynt to enable cryptocurrency payments at more than 100,000 retailers around the world.

12 February 2020

Company update/Eftpos

Ingenico Enterprise Retail collaborates with 3C Payment

Ingenico Enterprise Retail, part of Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, and 3C Payment, an independent Global Payment Service provider, have expanded their relationship, to bring to market two new terminal solutions which process payments through the 3C Integra Payment Gateway with Ingenico’s DESK/5000 & MOVE/5000 payment terminal devices.

11 February 2020

Company update/payments

Lightspeed joins forces with Stripe

Lightspeed (TSX: LSPD), the global point-of-sale and ecommerce platform, is partnering with Stripe to power in-store and online payments for retailers and restaurants in the US and Canada.

06 February 2020

News/Eftpos

Nationwide trials contactless posters for charity donations

Nationwide Building Society is trialling a "smart window poster" that people can tap with their contactless cards to make donations to a homeless charity.

31 January 2020

News/Eftpos

Canada updates debit rules to enable public transit payments

Payments Canada is bringing in a rule designed to enable broader point-of-sale debit card acceptance, paving the way for people to use their plastic for, among other things, public transit fares.

30 January 2020

News/startups

Barclays buys minority stake in digital receipts firm Flux

Barclays Bank has made a strategic investment in UK digital receipts startup Flux.

29 January 2020

News/payments

UK's 'buy now, pay later' market booms despite credit score concerns

The UK's point-of-sale credit market is surging, according to analysis from consultant Kearney, with two thirds of millennials now using 'buy now, pay later' services - despite some concerns about the impact on credit scores.

29 January 2020

News/payments

New York to ban cashless stores

New York City Council has voted to ban cashless stores and restaurants, arguing that they discriminate against the unbanked.

27 January 2020

Company update/payments

PayPal and UnionPay form global partnership

UnionPay International (UPI) and PayPal (NASDAQ: PYPL), today announced a global partnership where both companies will work together to accelerate the growth of their networks.

23 January 2020

News/Eftpos

India requires cardholders to opt in to contactless payments

All new cards sent out by issuers in India will not be contactless enabled or capable of online or international payments until the customer turns on these features, under new central bank rules.

23 January 2020

Company update/payments

FreedomPay integrates with self-ordering kiosk firm Grubbrr

Grubbrr, a leading technology company delivering ordering and fulfillment solutions through its self-ordering kiosk, is now integrated with payment innovator FreedomPay, the world’s leading TransAtlantic consumer-centric commerce platform.

22 January 2020

News/payments

WorldPay and Visa back African payments firm Flutterwave

Flutterwave, a payments startup operating in Africa, is looking to expand across the continent after closing a $35 million funding round and securing partnerships with Visa and WorldPay.

21 January 2020