Payments Processor

Global Processing Services Rebrands as Thredd, Aims to Expand
Global Processing Services Rebrands as Thredd, Aims to Expand
April 27, 2023  |  Payments As A Service

Global Processing Services (GPS) has rebranded as Thredd. The new name reflects the global payments platform’s role in “weaving together” different elements of the payments...

READ MORE >
CVC Consortium Mulls Taking Private Middle Eastern Payments Processor Network International Holdings
CVC Consortium Mulls Taking Private Middle Eastern Payments Processor Network International Holdings
April 13, 2023  |  Acquisitions

Network International Holdings is in discussions about a sale. The provider of digital payment solutions across the Middle East and Africa has received a preliminary and...

READ MORE >
EMEA 60: Adyen Aims to Fast-Track Profitability in 2024 Once Hiring Spree Slows
EMEA 60: Adyen Aims to Fast-Track Profitability in 2024 Once Hiring Spree Slows
April 10, 2023  |  EMEA 60

With the Ukraine-Russia crisis, skyrocketing inflation and investor belt-tightening creating a challenging macroeconomic market in Europe, FinTech firms in the region — much like the...

READ MORE >
Bank of Egypt Ups Withdrawal Limits for Instant Payments
Bank of Egypt Ups Withdrawal Limits for Instant Payments
March 12, 2023  |  Real-Time Payments

Egypt’s central bank has increased the amount of money that can be withdrawn via payment service providers. The Central Bank of Egypt (CBE) said last...

READ MORE >
Despite Embedded Finance’s Promise, Slowing BNPL Growth Sends Marqeta Shares Plummeting 
Despite Embedded Finance’s Promise, Slowing BNPL Growth Sends Marqeta Shares Plummeting 
February 28, 2023  |  Earnings

Slowing buy now, pay later (BNPL) volumes and customers’ belt tightening helped send Marqeta’s shares down sharply Tuesday after earnings. By the numbers, the card...

READ MORE >
Adyen Plays Long Game as H2 2022 Profits Miss Estimates
Adyen Plays Long Game as H2 2022 Profits Miss Estimates
February 08, 2023  |  Earnings

Adyen is betting on unified commerce and sustainable returns to drive growth in 2023. In a second half (H2) 2022 earnings call with investors on...

READ MORE >
Stripe Punts Decision on IPO Till Next Year Amid Economic Gloom
Stripe Punts Decision on IPO Till Next Year Amid Economic Gloom
January 26, 2023  |  IPO

The public may soon be able to buy shares in payments processor Stripe. The Wall Street Journal (WSJ) reported Thursday (Jan. 26) that Stripe is...

READ MORE >
Chicago Grand Jury Charges 2 in ‘Remotely Created Checks’ Scheme 
Chicago Grand Jury Charges 2 in ‘Remotely Created Checks’ Scheme 
December 08, 2022  |  Security & Fraud

A federal grand jury has charged two operators of payment processing companies with bank fraud.  The grand jury in Chicago charged the two Illinois men...

READ MORE >
GlobeTopper Partners With Knox Wire on B2B Cross-Border Payouts
GlobeTopper Partners With Knox Wire on B2B Cross-Border Payouts
November 27, 2022  |  Cross-border Payments

B2B gift card concierge firm GlobeTopper has launched a partnership with payment processor Knox Wire to power instant cross-border payouts. Orchestrated by Zed Network, the...

READ MORE >