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Advent to acquire Nuvei in $6.3bn deal

/payments

Advent to acquire Nuvei in $6.3bn deal

Canadian payments firm Nuvei is set to go private after agreeing an acquisition deal with a private equity firm.

EU banks worried about 'unrealistic' instant payment deadlines

/payments

EU banks worried about 'unrealistic' instant payment deadlines

A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.

Visa launches AI-powered fraud prevention tools

/payments

Visa launches AI-powered fraud prevention tools

Visa has added a trio of AI-powered risk and fraud prevention tools to its suite of products for businesses.

Robinhood launches credit card

/payments

Robinhood launches credit card

Robinhood continues to expand beyond its stock trading origins, launching a credit card with a host of perks, including three per cent cashback.

French fintech ditches remittances in favour of DeFi

/payments

French fintech ditches remittances in favour of DeFi

Tempo France claims it is the the first fintech in the money transfers market to suspend classical remittances in order to focus exclusively on decentralised finance (DeFi).

Visa and Mastercard reach $30bn interchange fee settlement with merchants

/payments

Visa and Mastercard reach $30bn interchange fee settlement with merchants

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with US merchants lowering and capping credit card interchange rates in a deal that could save the merchants $30 billion over five years.

Worldpay partners Mastercard to fight payment fraud

/payments

Worldpay partners Mastercard to fight payment fraud

Worldpay is set to offer Mastercard’s Ethoca Alerts to its one million merchants worldwide, helping them resolve transaction disputes faster and with fewer chargebacks.

Swift hails results of CBDC connector testing

/payments

Swift hails results of CBDC connector testing

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

Goalsetter raises $9.6m to help families build wealth

/payments

Goalsetter raises $9.6m to help families build wealth

Goalsetter a US financial education platform focused on helping families learn how to spend, save and invest, has raised $9.6 million in a Series A extension round.

Ireland’s fintech funding slumps

/payments

Ireland’s fintech funding slumps

2023 saw a 94% decline in funding for Irish fintechs, according to recently published research.

Nationwide customers hit by payment delays

/payments

Nationwide customers hit by payment delays

Nationwide says a "fault" on Friday morning led to all payments between it and other banks and building societies being delayed.

Digital wallets play key role in US lawsuit against Apple

/payments

Digital wallets play key role in US lawsuit against Apple

The US has filed a lawsuit against Apple, accusing the firm of monopolising the smartphone market through a host of actions, including the blocking of third-party apps from offering contactless payments.

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