Blockchain-based wholesale payment systems firm Fnality has raised $95.2 million in a new funding round. The round, as reported Tuesday (Nov. 14) by Bloomberg News, was led by Goldman Sachs and BNP Paribas. CEO Rhomaios Ram told Bloomberg the company will use the investment to fund the operations and...
FinTechs issuers have revolutionized the banking and lending sector, enabling consumers to get easier access to their finances and allowing them to manage their money more effectively. Through the introduction of various personal finance management tools, such as saving pots, in-app budgeting capabilities and virtual...
Worldline says its large merchant clients in France can now offer Apple’s tap-to-pay. The payments firm announced Tuesday (Nov. 14) that merchants can use the iPhone-based payment method to collect payments via contactless credit and debit cards, Apple Pay and other digital wallets. “We are very proud...
ADP, a global technology company specializing in human capital management solutions, has formed a collaboration with Convera, a B2B payments FinTech, to provide an end-to-end payroll and payments solution to ADP clients. This collaboration aims to simplify and streamline the payroll and payments process for...
As the impact of inflation reverberates through consumer spending, luxury consignment shops feel the pinch, experiencing a surge in haute couture stress. In a recent development reported by PYMNTS, The RealReal has embarked on an overhaul, aiming to reap the benefits in the first half...
Mastercard has teamed with NEC to bring biometric checkout to the Asia Pacific region. The partnership, announced Tuesday (Nov. 14), combines NEC’s facial recognition and liveness verification technology with Mastercard’s payment operations, and comes as consumers and businesses are increasingly embracing biometrics. “As retailing environments continue to evolve and choices...
The legal industry’s widespread adoption of generative artificial intelligence (AI) will necessarily involve recalibrating workforce roles and skills and reckoning with varying degrees of readiness and trust among professionals within and across industries. Coupled with the challenges of this reboot are the thorny issues surrounding...
B2B payments are in need of some clarity. “Getting paid is the biggest pain point,” observed Doug Brown, president of NCR Voyix Digital Banking. But the friction, he told PYMNTS’ Karen Webster, extends well beyond the mere act of sending and receiving payments. Speed —...
Enigma Technologies CEO Hicham Oudghiri told PYMNTS in an interview that embedded finance and real-time data-driven insights will transform B2B payments and risk. “Companies are being pushed to innovate,” he said. “They have the technologies they need to innovate, and they have a lot more...
