In today’s top news, Paymentus and Flywire both began trading on Wednesday (May 26), and Forter raised $300 million for its eCommerce fraud prevention platform. Plus, ACI Worldwide and J.P. Morgan have teamed up to provide merchants with in-store payment acceptance.
New Payments IPOs: Paymentus Looks to Raise $210 Million; Flywire Seeks $251 Million
Two U.S. payments platforms — Paymentus and Flywire — are seeking initial public offerings at the top of their marketed range. Both started trading on Wednesday (May 26) and are expected to close on Friday (May 28). Paymentus seeks a valuation of $2.4 billion with its IPO, and Flywire could hit a $3 billion valuation.
eCommerce Fraud Prevention Firm Forter Raises $300 Million
eCommerce fraud prevention company Forter has raised $300 million in a Series F funding round to expand its solution to retailers, eCommerce platforms, issuing banks and payment platforms around the world.
ACI, JPMorgan Team on Payments Acceptance for EU Merchants
Digital payment software and solutions provider ACI Worldwide has teamed with J.P. Morgan to enable merchants in select European nations to provide in-store, omnichannel payment acceptance.
Visa Expands Fintech Partner Connect Program
Visa Fintech Partner Connect, which helps the payment company’s issuing partners provide “digital-first experiences,” is now available for clients in the United States and markets throughout Latin America and the Caribbean, Asia Pacific, Central Europe, the Middle East and Africa. The initiative first rolled out in Western Europe last November.
NEW DATA: Superconnected Consumers Spend 26 Pct More on Food Orders
Consumers who own at least six connected devices spend 26 percent more on food orders than any other customer — and restaurants are taking notice. The latest issue of Delivering on Restaurant Rewards examines how these “superconnected consumers” use all of their many devices to order food and access loyalty programs – and why getting their business gives restaurants a competitive edge.
How It Works: Inside the FIS RealNet Platform
FIS launched RealNet last month – a real-time, account-to-account network that can enable new, lower-cost payments use cases for consumers and businesses. But how does it work and what makes it different? Raja Gopalakrishnan, executive vice president of global real-time payments at FIS, explains.
NY Fed Paves Way for Non-FICO Credit Scoring Models
The New York Fed has determined that traditional FICO credit scoring may not have been as reliable as it once was (i.e., before the pandemic). That may pave the way for alternative data — and alternative credit scoring models — to be more widely accepted as the pandemic moves to the rearview mirror.
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