Hertz plans to expand beyond its car rental business and serve “the next era of mobility” with a new affiliated operating company that will provide fleet management solutions for autonomous robotaxi and driver-led rideshare fleets. The new company, Oro Mobility, said in a Thursday (April 30) press release that its first major...
Cryptocurrency firm Anchorage Digital has launched a partnership with stablecoin infrastructure company M0. The collaboration is designed to merge M0’s infrastructure capabilities with Anchorage’s regulated issuance experience to serve a “growing universe of stablecoin builders,” the companies said in a news release Thursday (April 30)....
Wizard, the native AI shopping platform co-founded by Jet.com’s Marc Lore, has launched a partnership with Mastercard and Stripe. The collaboration, announced Thursday (April 30), builds on an existing Stripe-Wizard arrangement, and will see Wizard integrate Mastercard Agent Pay via Stripe’s Shared Payment Tokens while using Mastercard Insight Tokens....
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...