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International payments platform Paysend inked an agreement with Western Union today. The partnership will enable consumers to send money via Western Union’s branded digital solution directly to both Visa and Mastercard debit cards. Paysend will provide a single API that ensures seamless processing of these Western Union customer payments at live FX rates, 24/7, 365 Read more…
Supply chain finance company Twinco Capital announced it has landed $53 million (€50 million) in debt financing. The funds come from BBVA’s BBVA Spark. The funds boost Twinco Capital’s total combined debt and equity funding to $71.3 million. The Spain-based company offers financing to suppliers of large corporations working in retail and apparel. To help Read more…
Etsy Payments has a brand new partner. The company, the bespoke seller offering from global online marketplace Etsy, has announced a collaboration with payments platform Payoneer. The partnership will help Etsy streamline payments to sellers. It will also give entrepreneurs in emerging markets better opportunities to grow their businesses. This includes the ability to offer Read more…
Embedded finance company Finotta has forged a new partnership with omnichannel banking software firm ebankIT. The partnership will integrate Finotta’s Personified platform with ebankIT’s digital banking solution in order to deliver better financial wellness tools and Personlized Financial Guidance (PFG) to customers worldwide. Finotta’s Personified platform provides an automated and personalized mobile banking experience. Personified Read more…
Trulioo announced today that J.P. Morgan Payments has tapped it for fraud prevention. JPM Payments will leverage Trulioo’s consumer and business verification tools. “We chose [Trulioo] because of its breadth of personally identifiable data sources, impressive match rates, and global footprint,” said J.P. Morgan Payments Managing Director- Global Head of Trust & Safety Ryan Schmiedl. Read more…
Digital security and fraud prevention platform Darwinium raised $18 million in Series A funding this week. The investment was led by U.S. Venture Partners, and featured participation from seed investors Blackbird, Airtree Ventures, and Accomplice. The Series A takes the San Francisco-based company’s total funding to $26 million. Darwinium will use the additional capital to Read more…
Real-time payments innovator Orum has launched a new product called Verify to determine whether a bank account is open and valid before initiating payments. Verify is built on top of FedNow and is able to authenticate 100% of all consumer and business bank accounts held in the U.S.– all within 15 seconds. Orum’s Verify seeks Read more…
This week’s edition of 5 Tales from the Crypto features a pair of stories from cryptocurrency exchange Binance, concerns over crypto-crime and innovations in tokenization from JP Morgan Chase, and a look at a new product, a new partnership, and a new payments license. Cryptocurrency exchange Binance announced that e-wallet service provider and payment gateway, Read more…
Procurement financing company Treyd has appointed ex-PayPal sales head Colin Moss-Davies as its first Chief Revenue Officer. Moss-Davies comes to Treyd with 25 years of sales experience. The company anticipates Moss-Davies will bring growth and profitability to the company, which seeks to help small businesses “sell first, pay suppliers later.” “Hiring a CRO of such calibre Read more…
Content and technology company Thomson Reuters launched an e-invoicing product called ONESOURCE E-Invoicing this week, a tool that marries e-invoicing and tax compliance. The new offering will be added to Thomson Reuters’ ONESOURCE software suite. It will not only help users manage global tax compliance– which is already available within the ONESOURCE software line– but Read more…
A new survey from identity verification platform Trulioo reveals that nearly 80% of responding organizations have suffered from business identity theft. Business identity theft involves defrauding, extorting, or stealing money from a company. The data comes from Trulioo’s Global Know Your Business (KYB) Survey, conducted last month. The review included responses from 705 professionals in Read more…
U.K.-based digital banking software company ieDigital announced a major acquisition this week. The firm will acquire its U.S.-based counterpart, digital banking technology company, Connect FSS. Terms of the transaction were not immediately available, but the deal will make ieDigital one of the biggest digital banking software providers in the world. The acquisition comes at the Read more…