Author: Julie Muhn (@julieschicktanz)

Chime Workplace Integrates Workday Wellness Tools

Chime Workplace Integrates Workday Wellness Tools
By Julie Muhn (@julieschicktanz) Posted on
Categories: Daily news
  • Chime is partnering with Workday to integrate Chime Workplace into Workday Wellness, expanding access to financial wellness tools through employers’ existing HR systems.
  • Chime Workplace helps employees manage money, save, and build credit, while giving employers insights into overall financial health and benefit usage.
  • The move positions Chime beyond consumer banking, signaling its push into the employer-driven financial wellness space.

Chime announced its latest move to build up Chime Workplace, the financial wellness suite it launched in March of this year. The company has partnered with HR solutions company Workday, becoming a Workday Wellness partner for financial benefits. 

Chime will integrate Workday Wellness into Chime Workplace to bring financial wellness into its employee benefits suite. Chime Workplace offers employers a single platform with financial wellness tools and an aggregated view of employee financial health. The platform helps employees manage their money, track their savings, build their credit, and more.

Workday was founded in 2005 to provide HR tools as a service to businesses across industries. Today, in addition to offering a wide range of HR tools, the company also offers AI tools such as agents, financial tools such as payroll and financial management, legal tools such as contract intelligence, supply chain management solutions, and more.

Under the partnership, organizations using Workday can turn on benefits for their employees using Chime Workplace directly through Workday Wellness in their existing HR systems. Workday’s Workday Wellness solution offers its clients insights into which benefits their employees want and use, helping them to improve their programs and add appropriate new offerings, all in the Chime Workplace dashboard. Chime Workplace will be available via the Employer Benefits Selection Portal for Workday customers. 

“Employees today are increasingly looking to their employers for competitive financial wellness benefits,” said Workday General Manager, HCM, Workforce Management and Payroll Cristina Goldt. “Our partnership with Chime makes it easy for Workday customers to provide their workforce with financial wellness tools directly through Workday Wellness. This ultimately helps them manage money, build credit, and save—fostering a more financially confident and resilient workforce.”

The integration is Chime’s latest move to differentiate itself as a competitor in the challenger banking field. The company was founded in 2012 and formed Chime Enterprise in 2024 after acquiring employee rewards and loyalty platform Salt Labs. Chime has more than 8.7 million members. By embedding its workplace tools into HR platforms like Workday, the company is positioning itself not just as a consumer bank alternative, but as a partner in the employee benefits ecosystem. This shift may indicate that Chime intends to grow beyond direct-to-consumer banking and capture a larger share of the employer-driven financial wellness market.

Photo by Höhenverstellbar Tischgestell Maidesite

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Make the Most of FinovateFall with the Event App

Make the Most of FinovateFall with the Event App
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2025

FinovateFall is just around the corner (taking place September 8 through 10 in New York), and we can’t wait to welcome fintech leaders, bank executives, investors, and analysts back to our flagship show. With discussion sessions, networking opportunities, and 60+ demos packed into three days, it’s important to have the right tools at your fingertips to help you navigate the event. That’s where the ConnectMe event app comes in.

You can think of the app as your personal conference assistant. It gives you everything you need to maximize your time at FinovateFall, starting today and continuing after the event.

Plan Ahead

With the app, you can browse the full agenda, bookmark the sessions and demos that matter most to you, and build a personalized agenda to manage your on-site schedule. Whether you want to see the latest fintech demo on stage or catch a discussion on open banking, you’ll know exactly where you need to be and when.

Connect with the Right People

Networking has always been a cornerstone at Finovate, and the app makes it even easier. Use the attendee directory to see who else will be in the room, send messages, and set up meetings in advance. The app features an AI-powered matchmaking feature that highlights the people and companies most relevant to you, making it easy for you to make the high-impact connections you’re looking for.

Stay in the Loop

From last-minute speaker updates to location details, the app keeps you informed in real-time so you don’t miss a thing. You can also engage in live polls and Q&A during sessions, making the event more interactive and getting your voice heard.

Keep the Conversation Going

Your FinovateFall experience doesn’t end when the conference does. The app remains open after the event, giving you continued access to contacts, content, and discussions. Whether you missed a meeting or wanted to follow up with a contact you met on the networking floor, the app makes it easy to keep building relationships and follow up on new opportunities.

To download the FinovateFall ConnectMe app, keep an eye on your email inbox for a link and a code to get in. Be sure to set up your details within the app ahead of the show in order to hit the ground running. Whether this is your first Finovate or your fifteenth, the app is the best way to ensure you can maximize your event experience.

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Electronic Payments Acquires Handpoint

Electronic Payments Acquires Handpoint
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Daily news, Handpoint, Mergers & Acquisitions
  • Electronic Payments is acquiring Handpoint to expand into Europe, gaining offices in the UK, Iceland, and Spain.
  • Handpoint’s tools include mobile payment acceptance, an embedded payments platform, a card-present gateway, and real-time transaction reporting.
  • The deal strengthens Electronic Payments’ mobile and embedded offerings, helping it compete with newer players like Stripe and Square.

New York-based Electronic Payments has agreed to acquire UK-based Handpoint for an undisclosed amount.

Handpoint was founded in 1999 to provide in-person payments tools. The company helps its customers accept payments on smartphones, tablets, and handhelds, and enables merchants to accept card payments securely. In addition to hardware, Handpoint also offers an embedded payments platform, a card-present gateway, and provides real-time transaction data that gives merchants in-depth reporting. Before today’s announcement, Handpoint had raised a total of $8 million, most recently pulling in $2.4 million in 2021.

Handpoint demoed at FinovateFall 2012 and FinovateEurope 2012, at the height of the mobile payment acceptance wave that Block (then Square) kicked off in 2010.

Electronic Payments was founded in 1998 and offers a network of POS value-added resellers (VARs), agent banks, sales agents, and independent sales offices (ISOs) to businesses across multiple industries. Among the company’s products are Cygma, a full-stack authorization and clearing platform; Exatouch, a full-featured point-of-sale device; and ProCharge Gateway, a virtual terminal that helps process and manage payments from one central location.

Handpoint will give Electronic Payments an immediate European presence, as Handpoint maintains offices in the UK, Iceland, and Spain, new territories for Electronic Payments. Integrating Handpoint’s tools could allow US merchants that require cross-border capabilities to tap into a single payments partner on both sides of the Atlantic. Additionally, Electronic Payments could integrate Handpoint’s embedded payments platform with its Cygma clearing system, which would facilitate a more omnichannel approach.

Purchasing Handpoint will also help Electronic Payments strengthen its mobile and embedded payments offerings. This will help it compete with the self-service model that new players, like Stripe and Square, offer.

Photo by Ivan Samkov

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Behind the Scenes at FinovateFall: Spotlight on the Video Studio

Behind the Scenes at FinovateFall: Spotlight on the Video Studio
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2025

Each year at FinovateFall, the conversations on stage showcase some of the newest and most compelling ideas in fintech. But the story isn’t just limited to the stage. Just steps away from the general session, we have an energy-filled video studio that provides a space where fintech founders, thought leaders, and influencers can share their insights in front of the camera.

Working in collaboration with Informa’s video platform Streamly, the video studio has become an integral part of the Finovate experience because it offers speakers and sponsors a unique channel through which they can highlight their vision, discuss the impact of their technology, and connect with a broader audience long after the event itself. Between sessions, you’ll see us interviewing founders, executives, and thought leaders in the studio to extend the reach of both their thoughts and the show.

Here’s what you can expect from this year’s recordings:

  • Executive interviews: one-on-one conversations with fintech founders and bank executives about where particular industry subsectors are headed.
  • Company spotlights: Conversations that dive deeper into the solutions showcased on the demo stage and in the networking hall.
  • Expert insights: Analysis from industry experts on the latest industry trends like AI, open banking, digital identity, and more, as heard from the show floor.

Once recorded, our team of experts will produce, polish, and publish them on Streamly, YouTube, and the Finovate blog and promote them across social channels. Our goal is to ensure that the ideas shared at FinovateFall resonate beyond the conference itself, and will ultimately help shape conversations across the industry.

For both attendees and followers not in attendance, the videos offer another way to access insights from some of the brightest minds in fintech, even if they can’t be in every session live. Check out some of the videos from past events, and stay tuned later this fall to watch the freshly recorded sessions from FinovateFall 2025.

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Starling to Acquire Tax and Bookkeeping Startup Ember

Starling to Acquire Tax and Bookkeeping Startup Ember
By Julie Muhn (@julieschicktanz) Posted on
Categories: Daily news, Mergers & Acquisitions
  • Starling Bank has agreed to acquire Ember with plans to integrate Ember’s tax and bookkeeping tools into its business banking platform, giving small businesses streamlined support for invoicing, expenses, payroll, and tax submissions.
  • Ember’s software currently serves customers of major UK banks, but will become exclusive to Starling customers in 2026.
  • The move positions Starling to help businesses comply with His Majesty’s Revenue and Customs’ (HMRC’s) Making Tax Digital mandate by April 2026.

UK-based Starling Bank announced this week that it will acquire fellow UK fintech Ember, a tax and bookkeeping platform. Starling will build Ember’s resources into its banking platform to provide small business owners with tools they need to manage their transactions and tax submissions. Terms of the acquisition are undisclosed.

Ember was founded in 2019 to give small businesses a human accountant to work with throughout the year to offer real-time insights into their finances and automated bookkeeping. The company offers tools for invoicing, expense management, payroll, tax optimization, and more to do the heavy lifting of tax and VAT compliance while maximizing companies’ visibility into their finances.

“Ember’s platform is beautifully designed to simplify complex accounting tasks through a user-friendly interface,” said Starling Bank Managing Director of SME Banking Adeel Hyder. “As Starling ramps up the roll-out of best-in-class solutions for small businesses, we will continue to build, partner, or buy as best meets customers’ needs.”

Ember currently serves thousands of UK-based small businesses, including customers of HSBC, Revolut, Barclays, and Lloyds. Under the agreement with Starling, however, the company’s software will be exclusively available to Starling Bank customers starting in 2026. Also, as part of today’s deal, Starling will discontinue Ember’s accountancy advisory services.

This is a key move for Starling and strategic timing, given that His Majesty’s Revenue and Customs (HMRC) has mandated a Making Tax Digital requirement starting in April of 2026. Starling’s integration of Ember’s tools will help the many businesses that aren’t prepared for online tax reporting to integrate Ember’s HMRC-recognized software by the end of 2025.

The integration of Ember will be available to Starling’s business customers as part of a suite of business services. Among the bank’s other commercial customer tools are Spaces, a tool that allows business owners to put money aside for designated purposes; Bills Manager, which helps businesses pay suppliers on time; and Spending Intelligence, an AI-powered spending tracker.

“We are a natural fintech consolidator, so targeted acquisitions like Ember will form a key part of our strategy as we continue to develop Starling Bank in the UK and Engine by Starling overseas,” said Starling Group Chief Financial Officer Declan Ferguson. “Just as Fleet Mortgages has flourished since we bought it in 2021, I’m confident that Ember’s best-in-class tools will become a fantastic addition to Starling Bank’s offering.”

Photo by Peťka Šurinová

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Incode Acquires Identity Verification Company AuthenticID

Incode Acquires Identity Verification Company AuthenticID
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, authenticID, Daily news, Mergers & Acquisitions
  • Incode has acquired AuthenticID to combine AI-driven fraud detection with enterprise-scale expertise, aiming to become a top global identity verification provider.
  • The deal strengthens Incode’s defenses against rising AI threats like deepfakes and synthetic fraud.
  • Together, the companies serve major banks, telecoms, and neobanks worldwide.

Identity verification company AuthenticID has been acquired by biometric identity organization Incode. The acquisition will bring together Incode’s AI solutions with AuthenticID’s enterprise expertise to combat fraud. The amount of the deal is undisclosed.

Incode said that the acquisition will accelerate its growth and position it as a leader in the identity authentication market. California-based Incode has seen an 80% year-on-year organic growth rate, and with AuthenticID on board, the company aims to broaden its global reach and solidify its position as a top-tier provider of end-to-end identity verification solutions.

“In the age of synthetic fraud, AI impersonation, and Agentic AI, verifying human identity has become the foundation of digital trust. Together with AuthenticID, we’re hardening the front line against these threats, so every enterprise can trust every interaction,” said Incode Founder and CEO Ricardo Amper.

Founded in 2015, Incode offers advanced neural networks and large visual language models that help detect and prevent identity fraud in real time. AuthenticID will add its expertise in regulated environments that require a high volume of verification.

Together, Incode and AuthenticID will strengthen defenses against advanced AI-driven threats, including deepfakes, which have fueled a 300% year-over-year surge in account opening fraud, and AI agents operating without identity safeguards. Collectively, the two companies serve eight of the ten largest US banks, protect eight of the nine biggest telecom providers in North America, work with four of the top five banks in Latin America, secure three leading global neobanks, and safeguard hundreds of organizations against retail fraud.

AuthenticID was founded in 2001 and offers identity proofing, ID verification, biometric authentication, and fraud shield tools to support the fight against cybercrime. Additionally, the company’s Identity Fraud Taskforce continuously develops new algorithms to improve AuthenticID’s identity decisioning engine to help identify and stop fraud. Last June, the company launched a new solution to detect deepfake and generative AI injection attacks. 

“As AI-driven fraud becomes more sophisticated, our clients need more than just point solutions—they need a holistic AI-first approach delivered by a true strategic partner,” said AuthenticID CEO Reed Taussig. “Incode’s vision and AI technology leadership, leveraging foundational vision models, enable us to deliver an identity orchestration platform that is fast, secure, and highly adaptive across our expanded customer base.”

Today’s deal is a good example of how identity verification is a strategic pillar of digital trust. As AI-driven fraud accelerates and regulators tighten controls, financial services firms need partners that can combine speed, accuracy, and adaptability at scale. By uniting Incode’s AI-first innovation with AuthenticID’s enterprise and regulatory expertise, the acquisition signals a future where identity is more holistic.

Photo by cottonbro studio

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Klarna Lands $26 Billion Scalable Funding Round

Klarna Lands $26 Billion Scalable Funding Round
By Julie Muhn (@julieschicktanz) Posted on
Categories: Daily news, Funding, Klarna
  • Klarna has secured a $26 billion funding deal with Nelnet to expand its Pay in 4 product in the US, diversifying capital sources beyond banks and securitizations.
  • The multi-year agreement provides off-balance-sheet funding, giving Klarna predictable access to capital at scale and strengthening its long-term growth strategy.
  • The deal bolsters Klarna’s IPO story as it postures for public markets amid rising BNPL regulation and credit risk.

IPO hopeful BNPL company Klarna revealed today that it has closed an agreement with investment firm Nelnet, which will support the expansion of Klarna’s Pay in 4 product in the US.

Under the multi-year agreement, Nelnet will purchase Klarna’s US Pay in 4 loans on an ongoing basis over the life of the program, up to $26 billion in total payment volume. In addition to diversifying Klarna’s funding sources beyond banks and securitizations, the transaction is expected to power the company’s US growth and support its long-term capital strategy.

“This is a landmark transaction for Klarna in the US,” said Klarna CFO Niclas Neglén. “Our partnership with Nelnet allows us to scale a core product responsibly, while continuing to deliver smooth, interest-free payment experiences to millions of consumers.”

Klarna notes that the structure of the funding arrangement will offer predictable, off-balance-sheet funding and showcase its ability to structure and execute large-scale capital markets transactions. The Swedish-based company will continue to originate and service all of its receivables under the program.

“Nelnet is thrilled to work with Klarna on this important transaction and support their continued success,” said Nelnet Financial Services Chief Investment Officer Judd Deppisch. “This strategic partnership leverages our expertise and financial strength to invest in attractive cash-flowing assets while supporting Klarna’s valuable offering to U.S. consumers, with the support of our lending partners.”

This comes as Klarna has been positioning itself to go public. While the company postponed its IPO plans earlier this year, it has partnered with Clover for in-store BNPL, signed an agreement to serve as Walmart’s BNPL provider, and teamed up with Marqeta on a debit card. Additionally, Klarna reached 100 million active consumers in April 2025. 

For Klarna, today’s deal with Nelnet provides a critical pillar in its IPO story. The stable access to capital at scale signals to investors that Klarna has the key to sustaining growth while navigating BNPL’s rising regulatory and credit risks. Additionally, the structured, off-balance-sheet arrangement signals Klarna’s intent to present itself as more bank-like and responsible ahead of its IPO.

Photo by Aurelijus U.

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Casca Raises $29 Million Series A for AI Loan Origination

Casca Raises $29 Million Series A for AI Loan Origination
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Alumni profile, Funding
  • Casca has raised a $29 million Series A round led by Canapi Ventures, with participation from major bank customers including Live Oak, Huntington, and Bankwell.
  • Today’s investment comes just 15 months after its pre-seed round and brings Casca’s total funding to $33 million.
  • Casca’s AI-powered loan origination platform helps smaller financial institutions compete with fintechs and large banks by accelerating loan processing, reducing costs, and keeping capital within local communities.

AI loan origination company Casca (formerly known as Cascading AI) announced a $29 million fundraising round today. The California-based company said that the round, which was led by Canapi Ventures, will help it to redefine business lending.

The company’s flagship customers, including Live Oak Bank, Huntington National Bank, and Bankwell Bank all invested in today’s round. Bankwell, Y Combinator, and Peterson Ventures multiplied their investments from the pre-seed raise. Alliance Funding Group participated as well.

“Casca simplifies and accelerates our lending processes while equipping us with the insights needed to build lasting relationships,” said Live Oak Bancshares CEO and chairman Chip Mahan. “The tangible value Casca has demonstrated gives us confidence to invest in their future.”

Today’s round comes just 15 months after Casca’s pre-seed raise and brings its total funding to $33 million. Casca said it will use the investment to scale its operations, expand its team, and accelerate go-to-market efforts and make its platform more accessible to financial institutions.

“Casca stands out in many ways,” said Canapi Ventures Co-Founder and General Partner Neil Underwood. “They’ve worked alongside top AI researchers and within banks themselves to simplify business lending using responsible AI and bank-grade underwriting. With Casca, local financial institutions become the lender of choice—offering more affordable rates and keeping capital within the community. It’s a big step for banking, and we’re proud to be part of it.”

Casca leverages AI to speed up the loan application and origination process. The company was founded in 2023 and its loan origination platform is used by leading SBA lenders and FDIC-Insured banks. At Casca’s first FinovateSpring demo in 2024, it won Best of Show honors. The company most recently demoed its technology at FinovateSpring 2025 where it showed automated document collection that can save loan officers 20 hours a week, AI that reads 10,000 pages in 5 minutes, instant pre-qualification that accepts applications after business hours, digital account opening, and a voice assistant that can intelligently discuss loan files in real-time.

“We’re driven to be a force for good, using technology to make capital more accessible to small businesses and fueling the American Dream,” said Casca CEO and CoFounder Lukas Haffer. “Partnering with the top SBA lenders and key industry players, we’ve built a platform that fully automates commercial loans in record time, setting a new industry standard. This is a game changer, and now we are ready to scale responsibly, reaching more institutions with the white-glove service our clients.”

Today’s raise is a nod to how AI is becoming standard and is now central to how banks win small business relationships. By shaving weeks off loan processing, Casca gives local banks a competitive edge in retaining small business borrowers who might otherwise turn to fintechs or big banks who can offer speed.

Photo by James Wheeler

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Payoneer Taps Stripe to Improve Checkout for Cross-Border Merchants 

Payoneer Taps Stripe to Improve Checkout for Cross-Border Merchants 
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Daily news, Payoneer
  • Payoneer has partnered with Stripe to expand its Online Checkout, giving SMBs selling cross-border direct-to-consumer access to BNPL options and digital wallets.
  • The partnership will launch in the Asia Pacific where wallets and BNPL are often preferred over credit cards.
  • Payoneer, which went public in 2021 and has a market cap of around $2.5 billion, has rapidly grown Online Checkout to nearly $1 billion in annual volume.

Global payments company Payoneer is teaming up with payments infrastructure fintech Stripe to improve the checkout experience for global merchants. The strategic partnership will enable Payoneer to expand its Online Checkout offering for merchants selling cross-border goods direct-to-consumer.

Payoneer’s new capabilities will help small and medium-sized businesses (SMBs) accept more payment methods at their online point of sale. Stripe will help Payoneer facilitate buy now, pay later (BNPL) options like Affirm and Klarna, as well as digital wallets such as Apple Pay and Google Pay.

At launch, Payoneer’s new checkout capabilities will be available in the Asia Pacific region first, including in China and Hong Kong, geographies where digital wallets and BNPL are often preferred over credit cards.

Payoneer and Stripe expect that the partnership will help merchants enhance their customer conversion rates, improve acceptance rates, reduce fraud, and expand payment acceptance options for SMBs selling to direct-to-consumers browsing their own ecommerce sites.

“We are committed to simplifying cross-border online trade for SMBs,” said Payoneer Chief Growth Officer Adam Cohen. “This partnership with Stripe is a strategic step in our journey to expand our Checkout offering and deliver a best-in-class user experience at scale. By combining Payoneer’s local market distribution and expertise with Stripe’s exceptional checkout technology, we’re combining the strengths of both companies to deliver unmatched value to our customers.”

Launching new payment methods will help Payoneer attract SMB merchants, as it can help them compete globally by offering a sophisticated checkout experience with multiple payment options that are often offered by larger retailers.

Payoneer was founded in 2005 to help SMBs transact, do business, and grow globally. The company’s global financial stack helps remove barriers and simplify cross-border commerce to make it easier for businesses to connect to the global economy, pay, get paid, manage their funds across multiple currencies, and grow their businesses.

The New York-based company launched Payoneer Checkout in 2022 and has since scaled from zero to almost $1 billion in run-rate annual volume. From June 2024 to June 2025, Payoneer generated $30 million in revenue, representing over 100% year-over-year growth.

Payoneer went public via a SPAC merger with FTAC Olympus Acquisition Corp. in 2021. The company listed on the NASDAQ in June of that same year under the ticker PAYO and has a current market capitalization of approximately $2.5 billion.

Photo by HT_NGUYEN

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By Julie Muhn (@julieschicktanz) Posted on
Categories: Fintech Rundown

We’re past the mid-way point of August, and last week brought some notable fintech funding rounds. What will this week bring? Here’s your look at the latest fintech news this week. We’ll continue adding news to this post throughout the week, so stay tuned!

Payments

UAE employees can now receive salaries in digital wallets as UAE telecom operator du launches new platform.

Lending

Finastra supports JICA with Loan IQ to transform private-sector investment finance system in Japan.

Insurtech

UK-based AI insurance broker Meshed raises £950K in pre-seed funding to transform SME insurance market.

Personal finance

PayLaterr partners with Experian to enhance fraud detection and leverage alternative data for smarter budgeting decisions.

Narmi and Grasshopper launch MCP server by a U.S. Bank for AI-driven insights.

Sustainability

Sustainable money app Zero unveils new Zero Carbon Projects feature enabling users to offset their carbon footprint via verified carbon removal projects around the world.

Crypto and DeFi

Tokyo-based fintech JPYC Inc. announces plans to issue Japan’s first stablecoin this fall.

Crypto payments company MoonPay inks multi-year strategic partnership with self-custody crypto wallet Trust Wallet.

Investing

Openbank, a part of the Santander Group, partners with Upvest as its investment infrastructure provider.

Turkey-based retail investing app Midas raises $80 million in Series B funding.

DriveWealth names Naureen Hassan Chief Executive Officer.

Agora expands its fund admin partnerships with Verivest, empowering a new generation of service providers.

Fraud prevention

Canadian digital lender Fig teams up with transaction monitoring and AML compliance company Flagright.

Financial crime detection platform Ivix secures $60 million in Series B funding.

Open banking

Web3 lifestyle app Syfu partners with open banking platform Salt Edge to integrate card data from more than 5,000 banks.

Back end and communications

Eltropy now integrates with over 50 core systems and fintech solutions.

FIS launches Optimized Reconciliation Service to help capital markets adapt to evolving complexity.

Photo by Efrem Efre

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Worldpay Taps Trulioo to Safeguard Agentic Commerce

Worldpay Taps Trulioo to Safeguard Agentic Commerce
By Julie Muhn (@julieschicktanz) Posted on
Categories: Alumni News, Daily news, Trulioo, WorldPay
  • Worldpay is partnering with Trulioo to bring trust, consent, and accountability to agentic AI commerce, where AI agents shop on behalf of consumers.
  • The collaboration uses the Know Your Agent (KYA) framework, which is powered by the Digital Agent Passport, to verify agent identities, ensure code integrity, confirm user consent, and monitor agent behavior.
  • The goal of the partnership is to enable secure, transparent AI-powered transactions with smarter controls for verified agents, real-time fraud detection, and enhanced consumer and merchant confidence.

Payment technology company Worldpay announced this week that it is preparing for a future of agentic AI commerce by partnering with digital identity platform Trulioo. Worldpay selected Trulioo to bring trust, consent, and accountability to AI-powered digital payments.

Because agentic AI commerce involves AI agents that shop on behalf of consumers, it is important to verify agent identities and obtain consent from the human on the other side of the agent. Knowing exactly who is in charge of each aspect of the transaction is key to not only maintaining trust and preventing fraud, but also in staying compliant with regulatory requirements.

“Innovation in payments must always be grounded in integrity and trust,” said Worldpay Chief Product Officer Cindy Turner. “By partnering with Trulioo, we’re delivering the trust infrastructure our ecosystem needs and empowering businesses and consumers to embrace AI-powered commerce with confidence, knowing that safety and transparency are at the heart of every transaction.”

Under today’s partnership, Worldpay and Trulioo will deliver tools that follow the Know Your Agent (KYA) framework to ensure that merchants, payment providers, and consumers can trust agent-based transactions. KYA is powered by Digital Agent Passport, a secure digital ID and trust certificate for AI agents. The certificate confirms who made the agent, ensures their code hasn’t been tampered with, checks that they have user consent, and monitors their behavior continually so merchants can process agent-initiated transactions confidently.

“Agentic commerce has significant potential, but it can only scale with trust built in from the start,” said Trulioo CEO Vicky Bindra. “With Worldpay, we’re laying the foundation for a more secure and accountable digital ecosystem – one where AI agents can operate transparently, and consumers stay in control.”

Adding the new KYA framework will help merchants and platforms create new experiences at the point of sale, including smoother checkout flows and real-time fraud detection, while maintaining security. Additionally, instead of blocking AI agents by default, the partnership offers smart controls that allow verified agents to gain access, while inserting friction for unknown agents, and blocking malicious bots.

As both consumers and merchants face uncertainty in navigating the new world of agentic AI commerce, Trulioo and Worldpay aim to provide a roadmap for inserting trust into the process. By embedding identity verification, consent management, and ongoing monitoring directly into the payment process, the partnership seeks to ensure that AI agents can participate in commerce without sacrificing safety or transparency. The hope is that with a solid trust infrastructure in place, agentic AI can move from experimental novelty to a mainstream, reliable part of the digital economy.



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Jack Henry Teams with Moov to Launch Tap2Local to Facilitate Merchant Acquiring

Jack Henry Teams with Moov to Launch Tap2Local to Facilitate Merchant Acquiring
By Julie Muhn (@julieschicktanz) Posted on
Categories: Banno, Daily news, Jack Henry
  • Jack Henry is launching Tap2Local in partnership with Moov to enable banks and credit unions to offer small business clients tap-to-pay card acceptance.
  • Tap2Local is exclusive to financial institutions, offers automated account reconciliation, and doesn’t require any extra hardware.
  • Tap2Local integrates into the Banno Digital Platform and will roll out to over 1,000 banks and credit unions after closed beta testing.

Small banks are under increasing pressure to match the tech-forward tools offered by larger competitors. Financial services platform Jack Henry is aiming to help them rise to the challenge with its latest solution, which is designed to enable banks and credit unions to provide merchant acquiring services to their small business clients.

The Missouri-based company developed the new tool, Tap2Local, in partnership with payment infrastructure company Moov. With Tap2Local, businesses will be able to accept debit and credit card payments using tap-to-pay, which eliminates the need for hardware. The tap-to-pay functionality is available on both Android and iOS through all major card networks. Tap2Local also offers continuous, automated account reconciliation to the business’ accounting platform of choice.

“Tap2Local is the first new key component of our overall SMB strategy to help banks and credit unions win with small businesses and capture significant new market opportunities,” said Jack Henry President
 and CEO Greg Adelson. “This innovative solution integrates with banking services, enabling financial institutions to simplify the payments experience for small businesses, capture more deposits, and win back business from payments-only fintechs.”

Moov’s Tap2Local is offered exclusively through banks and credit unions. The technology, which is in closed beta testing with several financial institutions, will be rolled out to more than 1,000 banks and credit unions using Jack Henry’s Banno Digital Platform over the next several months.

For many small banks, competing with tech capabilities that legacy players offer is more than just a challenge; it has increasingly become a survival issue. Merchant acquiring, in particular, has become a lucrative area dominated by fintechs and large institutions. Tap2Local will help level the playing field.

“Tap2Local helps all small businesses and the millions of people who participate in the gig economy accept card payments face-to-face and on-the-go,” Jack Henry Chief Technology Officer Ben Metz said. “We’ve made it easy for them to enroll through their bank or credit union and start accepting payments in their banking app within minutes. Additionally, our automated accounting feature can save them time, giving them back valuable hours to focus on their passion.”

Moov was founded in 2017 by Wade Arnold, who originally launched Banno in 2008 before selling it to Jack Henry in 2014 for an undisclosed amount. Moov’s cloud-based payment processing technology helps businesses accept, store, send, and spend money through a single integration. The company has built its platform with developers in mind, offering open-source libraries and a growing community.

Photo by Afta Putta Gunawan

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