News

Payment Methods
Brazil Regulator Lifts Suspension Of WhatsApp’s Pair-Up With Cielo
July 01, 2020

Cade, the Brazilian antitrust watchdog, announced it would be reversing its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Banking
BIS To Open Four New Innovation Hubs Over Next Two Years
July 01, 2020

The Bank for International Settlements (BIS) Innovation Hub is planning on adding four new locations in Europe and North America, 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...

Partnerships / Acquisitions
PSCU Finalizes Purchase Of Card Issuer Primax
July 01, 2020

Payments credit union service organization (CUSO) PSCU has acquired payment solution firm Primax, 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 additional logins required. yesSubscribe to...

B2B Payments
TravelgateX, PayParc Collaborate On Digital Wallet For Instant Travel B2B Payments
June 30, 2020

Travel tech companies TravelgateX and PayParc have made a deal to create a B2B digital wallet, operating via API integration and available for any buyer or seller using TravelgateX, a press release says. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Allica Bank Launches With Profile Software Infrastructure For SMBs
June 30, 2020

U.K. challenger bank Allica Bank has launched using Profile Software‘s banking programs in order to ensure small- to medium-sized business (SMB) customers a way to manage their banking and risk operations, according to a press release. Get the Full Story Complete the form to unlock this...

B2B Payments
Marqeta Helps UK SMB Credit Lender Expand Into Spain
June 30, 2020

Card issuer Marqeta has been helping U.K.-based Capital on Tap to expand its small business credit lending services to Spain, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Societe Generale Buys Entrepreneur-Focused Neobank Shine
June 30, 2020

Societe Generale is acquiring Shine, a neobank for those who start businesses, according to a Tuesday (June 30) announcement. The financial institution said that the company has become a top neobank in only two years, providing offerings to more than 70,000 businesspeople. Get the Full Story...

Partnerships / Acquisitions
Google Buys Smart-Glasses Maker North For A Reported $180M
June 30, 2020

Google’s parent, Alphabet Inc., confirmed on Tuesday (June 30) that it has purchased North, the Canadian startup best known for Focals, its $600 smart glasses.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
Internal Doc: Half Of Wirecard’s Sales Came From Just 100 Clients
June 30, 2020

A summary of Wirecard’s customers in 2017 suggests that just 100 clients represented over 50 percent of its real sales, the Financial Times reported, citing an internal spreadsheet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...