Mastercard is reportedly looking to divest much of the real-time payments business it acquired from Denmark’s Nets Group in 2019, marking a significant strategic pivot away from certain European instant payment infrastructures and towards emerging digital asset opportunities. The potential sale, initially reported by The...
The modern consumer economy increasingly runs on autopay. From streaming services and cloud storage to artificial intelligence tools and fitness apps, subscriptions have become ubiquitous in the background of everyday financial life. And as the global total races toward a projected 12 billion subscriptions by...
Australian FinTech Vivi Money has debuted a financial platform built on infrastructure from Visa-owned Pismo. The new offering is connected to Visa’s global payments network, and includes Visa debit card and savings products, per a report Friday (March 20) from the website eCommerce News. “Supporting...
Venmo says its peer-to-peer payment tool is going global thanks to parent company PayPal. “Through new connectivity with PayPal, Venmo users can now send and receive money with hundreds of millions of PayPal users across 90 markets, marking the largest expansion of Venmo’s addressable market since the app’s launch,”...
Splitit has debuted a mobile solution designed to bring credit card-linked installments into face-to-face sales scenarios. The installment payments company says its Splitit Go solution, announced Monday (March 23), is geared toward in-person transactions such as field services, in-store purchases and consultations. “Installments have become common...
Payments and digital banking company Klarna says its Klarna Card now has 5 million customers. In announcing the milestone Thursday (March 19), the Swedish FinTech said this highlights rapid adoption by consumers seeking more control over their money. “The pace of adoption shows a clear shift in...
Visa has launched Visa Intelligent Authorisation (VIA) in Europe, less than two weeks after introducing this new capability on the Visa Acceptance Platform. VIA enables modern payment processing through a single application programming interface (API) so that acquirers with legacy payment authorization systems don’t have...
Visa is supporting Stripe and Tempo’s Machine Payments Protocol (MPP) by enabling card-based payments for trusted autonomous agent payments. The company is extending MPP to support card-based payments on its global network and enabling the protocol on the Visa Acceptance Platform, it said in a...
Tempo, a payment-focused blockchain incubated by Stripe and cryptocurrency venture firm Paradigm, launched its mainnet and introduced an open standard for machine payments Wednesday (March 18). With the mainnet now live, developers can now build on Tempo through its public remote procedure call (RPC) endpoints,...