British FinTech Revolut is celebrating its seventh year as a company by hitting a milestone of 20 million customers, 250 million monthly transactions, and a global workforce topping 5,000 employees. “When we started Revolut seven years ago, we wanted to give people more control over...
Most recently valued at $95 billion, payments company Stripe has reduced the internal value of its shares by 28%. That’s according to a Wall Street Journal report Thursday (July 14), which cited sources familiar with the matter. The company informed employees via email last week...
Digital payments company Global Primex on Tuesday (July 12) debuted online payment platform VLoad in partnership with New York-based Metropolitan Commercial Bank, according to a joint press release. VLoad offers consumers high levels of privacy and security and allows merchants in the VLoad Merchant Network...
Toronto-based online payment service Interac is adding a network provider following an outage at Rogers Communications last week that prevented millions of Canadians from making online payments. “We are adding a supplier [besides Rogers] to strengthen our existing network redundancy so Canadians can continue to...
Auto dealerships often hire transport companies 50 times each month to move vehicles to or from auctions, other dealers and consumers. In most cases, that means they’re writing 50 paper checks a month, each of which must be written, mailed and later reconciled. Autosled, a...
Some people equate an end to the pandemic with completion of the digital shift. They obviously haven’t visited Latin America, Asia, the Middle East and North Africa (MENA) region, or even parts of North America. When it’s said that we’ve crammed roughly 10 years of...
Merchants have traditionally viewed payments as a utility. As Dustin Young, senior vice president of acquirer solutions at Cybersource, told PYMNTS CEO Karen Webster, that long-held view is giving way to a new mindset, where payments can be — and should be — viewed as...
Think fast: what’s a $200 billion element of a $1 trillion domestic industrial sector still 90% dependent on paper checks? If you said “agriculture,” you win a pretend bushel of corn. Speaking of Bushel, it’s also a Fargo, North Dakota-based software firm that’s set to...
Nexi, the Italian payments company, is working with Alpha, the Greek bank, to invest €100 million ($104 million) into the Greek digital payments market within five years, a report from Nasdaq said Monday (July 4). Nexi bought Alpha Bank’s merchants business last year for €157...