News

Faster Payments
FedNow Follows TCH to Enable Instant Bill Pay
August 30, 2021

The Federal Reserve is rolling out new details for the FedNow instant payments service scheduled to launch in 2023, touting it as a tool that businesses owners and individual consumers will want to use — and participating financial institutions will want to offer. Get the...

Partnerships / Acquisitions
Dublin’s Ion Raises Offer for Credit Info Provider Cerved
August 29, 2021

European FinTech group Ion has continued pursuing Italy-based credit and data provider Cerved, now offering €2.54 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

International
WeChat, Chinese Social Media to Pare Content That ‘Bad Mouths’ Chinese Economy
August 29, 2021

The Chinese government is cracking down on financial journalists and commentators who aren’t officially registered with the government, the Global Times, an English-language newspaper controlled by the country’s Communist Party, reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Klara Debuts Modmed Pay Interface for Patient Payments
August 29, 2021

Klara, a producer of platforms to let medical practitioners interact with patients via the internet, and payments systems provider Modernizing Medicine, have inked a deal to pair some of their offerings, the companies announced in a press release. Get the Full Story Complete the form...

B2B Payments
Morocco’s eCommerce Startup Chari.ma Acquires Mobile Credit Book App
August 29, 2021

Chari.ma, a Moroccan company that supplies some of what the company stated are 200,000 convenience stores in the country, has completed an acquisition and raised capital, according to published reports and news releases. Get the Full Story Complete the form to unlock this article and...

Regulation
SEC Scales Up Probe Into Stock Trade Gamification
August 29, 2021

The Securities and Exchange Commission (SEC) is ramping up its attempts to look into the “gamification” that online brokerages use to draw in subscribers, according to a statement by SEC Chair Gary Gensler. Get the Full Story Complete the form to unlock this article and...

Bitcoin
Bitcoin Daily: Brazilian Federal Police Seize $27.6M in Bitcoin From Alleged Ponzi Scheme; Swiss Luxury...
August 29, 2021

Brazilian federal police have uncovered around $27.6 million in bitcoin after a series of reported Ponzi schemes from one company, The Daily Hodl reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Zeal Nets $13M to Build Its Custom Payroll API
August 29, 2021

Application programming interface (API)-first payroll infrastructure provider Zeal has ended a Series A funding round with $13 million, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
NYCM Insurance Debuts Snapsheet’s Cloud-Based Disbursements
August 29, 2021

Snapsheet, which works with cloud-native claims management, announced that its services will be used by NYCM Insurance, which offers coverage to residents and businesses in New York state, according to a press release. Get the Full Story Complete the form to unlock this article and...