Visa is teaming with Zilch and Thredd to offer more flexible payment options for consumers in the United Kingdom, according to a Tuesday (May 12) news release. The Visa Flexible Credential helps issuers provide more choice via Visa’s worldwide network, bolstered by Zilch’s “customer-focused proposition”...
Online marketplace eBay has rebuffed GameStop’s $56 billion acquisition offer, calling the proposal “neither credible nor attractive.” The company announced Tuesday (May 12) that its board had reviewed the surprise takeover bid and decided to reject it. The announcement included the text of a letter the board had sent to...
PrimaryBid, a U.K. FinTech company that powers retail inclusion in global capital markets, has reportedly been acquired by SoFi Technologies. A message on PrimaryBid’s website dated Friday (May 8) says: “PrimaryBid’s technology has been acquired by SoFi Technologies Inc, a US-listed financial services company.” Reached...
Hertz Car Sales is teaming with eBay to expand its digital retail footprint. The collaboration, announced by the auto rental giant Wednesday (May 6), involves the launch of a dedicated Hertz showroom on eBay’s platform, bringing upwards of 8,000 “Hertz Certified” vehicle listings to the eCommerce seller’s automotive marketplace....
Credibly is set to bring its small- to medium-sized business (SMB) loans and revenue-based financing products onto Figure’s decentralized lending marketplace, Democratized Prime. The combination will enable SMB capital providers to access capital markets to finance their loans and other receivables, the companies said in...
Digital asset platform Bullish is acquiring global transfer agent Equiniti for $4.2 billion. The deal is designed to create a transfer agent for tokenized securities and “position Bullish to lead the shift toward blockchain-native capital markets infrastructure,” the company said in a news release Tuesday (May 5). “Tokenization is a once-in-a-generation...
American Express Global Business Travel (Amex GBT) will become a privately held company enhanced with additional artificial intelligence capabilities upon the closing of a $6.3 billion acquisition by Long Lake, a company that uses frontier technology to accelerate services businesses. The corporate travel platform, which...
A pair of Canadian banks is reportedly in talks to sell payments-focused FinTech Moneris. The deal between Royal Bank of Canada and Bank of Montreal and the private equity firm Francisco Partners could value Moneris at more than $2 billion, the Financial Times (FT) reported...
GameStop says it has made a $55.5 billion proposal to acquire eBay. The video game retailer announced Sunday (May 3) it had submitted a nonbinding proposal to acquire 100% of the online marketplace. Following closing, GameStop CEO Ryan Cohen would serve as chief executive of...