Payment Processor news and trends

Cash App Renewal’s Squared Away as Marqeta CEO Sets Sights on Marketplaces, Embedded Finance
Earnings // August 09, 2023

Cash App’s firmly in place — and will be a significant contributor to Marqeta’s top line for years to come. And with that bit of news, investors took stock of the card issuer and payment processor’s latest results, liked what they saw and bid the...

Worldline and ING Expand Card Partnership
Credit Cards // January 30, 2023

Worldline has announced an extended card issuing and processing arrangement with ING. The French multinational payment company said in a Monday (Jan. 30) press release that it has signed a new multiyear contract to provide debit and credit card issuing and processing services for the...

Mastercard, Visa, PayPal, Amex Suspend Russian Operations
International // March 06, 2022

American Express is joining Visa, Mastercard and PayPal in suspending operations in Russia following its invasion of Ukraine, a press release said. “As a result, globally issued American Express cards will no longer work at merchants or ATMs in Russia,” the company said Sunday (March...

India’s FSS Backs Ecentric Payment Systems; Vista Group Taps Temenos For Digital Transformation
Global Payments // March 11, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes India’s Financial Software and Systems (FSS) investment in South African payment processor Ecentric Payment Systems. In addition, African challenger bank Vista Group has selected banking software company Temenos to...

Quick Reads
Beyond Launches Tally to Streamline Payments for Short-Term Vacation Rentals

August 22, 2023
Beyond, a revenue management solution for vacation rental managers and owners, has unveiled Tally, a payment processing solution specifically designed for the vacation rental industry. As noted in a Tuesday (Aug. 22) press release, Tally aims to tackle the payment friction experienced through direct booking sites, enabling property managers to maximize their revenue potential and streamline […]

Worldline and ING Expand Card Partnership

January 30, 2023
Worldline has announced an extended card issuing and processing arrangement with ING. The French multinational payment company said in a Monday (Jan. 30) press release that it has signed a...

Mastercard, Visa, PayPal, Amex Suspend Russian Operations

March 06, 2022
American Express is joining Visa, Mastercard and PayPal in suspending operations in Russia following its invasion of Ukraine, a press release said. “As a result, globally issued American Express cards...

Nets IPO Price Range Values It At As Much As $4.8 Billion

September 14, 2016
Nets, the Denmark-based card payment services company, has reportedly set the price range for its initial public offering. According to a report by Reuters, the price range for its previously announced...