Lyft has announced an expansion of its partnership with United Airlines. The new collaboration marks the first time an airline and rideshare company have teamed to let passengers earn and redeem airline miles directly in a rideshare app, Lyft said in a Wednesday (April 29) news release. “Every...
Online lending platform OppFi is set to acquire BNC Bank for $130 million. The deal, announced Wednesday (April 29), is designed to capitalize on both OppFI’s digital finance capabilities with BNC’s national banking charter. “Combining our operations under unified regulatory supervision by the OCC and Federal Reserve simplifies and strengthens our...
Treasury solutions provider Qolo has launched an expanded partnership with KeyBank. The collaboration, announced Tuesday (April 28), has resulted in the debut Key Virtual Card (KeyVC), a virtual commercial card program designed to help businesses more easily monitor and handle payments. “Managing commercial payments can be complex, often requiring...
Nonbanks across industries are aligning with chartered financial institutions to assemble branded financial ecosystems that have regulated balance sheets as a foundation, reshaping how consumers encounter banking products in the course of routine activity. A current example comes from Verizon’s promotion that brings wireless customers...
Recent FinTech dealmaking has been marked by firms pursuing acquisitions that extend control across payments, data, incentives and settlement. The strategies are arcing toward determining how transactions are created and how they are completed. In one recent example, as reported by PYMNTS, is Adyen’s planned...
Adyen plans to acquire Talon.One, a platform for loyalty and incentives that serves more than 300 global merchants, for a total consideration of 750 million euros (about $878 million). The companies expect the transaction to close in the second half, subject to customary closing conditions...
Human risk management platform KnowBe4 has selected Flywire as its preferred partner for global accounts receivable (AR) and international payments. KnowBe4, which provides a security awareness training and simulated phishing platform, serves more than 70,000 organizations around the world and continues its global expansion, the companies said in a Wednesday (April 22) press...
Block and Uber Technologies have expanded their global partnership to launch new capabilities in different markets, they said in a Wednesday (April 22) press release emailed to PYMNTS. In the United States, the collaboration will make Block’s Cash App Pay available as a payment option...
Issuer-processor Paymentology has launched a partnership with financial services company Change Financial. The collaboration, announced Tuesday (April 21), is designed to accelerate payment method adoption and FinTech growth across Australia. “Australia is one of the most sophisticated payments ecosystems globally, with strong consumer adoption of...