Payments Industry News
A collection of Payments latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Paystand banks $50M to make B2B payments cashless and with no fees
Image Credits: jossnatu / Getty Images It's pretty easy for individuals to send money back and forth, and there are lots of cash apps from which to choose. On the commercial side, however, one business trying to send $100,000 the same way is not as…
Payments company Paystone raises $23.8M to help service-based businesses engage with customers
Image Credits: Paystone co-founders, Tarique Al-Ansari, CEO, and Abdullah Saab, CFO/Paystone Paystone, a payments and integrated software company, secured another strategic investment this year, this time $23.8 million ($30 million CAD) from…
Visa's Currencycloud acquisition amplifies cross-border payments focus
Visa signed a definitive agreement to acquire Currencycloud, an API-based cross-border payments startup. Visa and Currencycloud both stand to benefit from the acquisition as cross-border payments recover. Insider Intelligence publishes hundreds of…
The IRS disbursed 2.2 million more stimulus payments
The IRS just disbursed 2.2 million additional stimulus payments. The majority of these payments went to taxpayers whose information was not previously filed with the IRS. These delayed payments are being gradually distributed amid large tax return…
Olympic athletes medal bonuses and payment details explained
Participating at the Olympics, let alone winning a medal represents a career pinnacle for the overwhelming majority of athletes. From already established stars to the average next door man or woman who compete in relatively obscure events, athletes…
Bitcoin payments for real estate gain traction as crypto holders seek monetization
Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all…
Ripple Client Airwallex Unicorn Launches Solution for Online Card Payments in Australia
According to Paypers, one of the three Australian unicorns (companies evaluated over $1 billion), Airwallex, is launching a platform for online card payments in Australia. It has been using RippleNet after inking a partnership with the Ripple…
NatWest Blocks Customer Payments To Binance, In Latest Blow To Crypto Exchange
In the latest blow to Binance — the world's largest cryptocurrency exchange — U.K. bank NatWest is now blocking its customers from making payments to Binance both in the U.K. and abroad, reports Yahoo Finance. NatWest acted after…
BankProv Launches Payments Network for Crypto Customers
The crypto-friendly Massachusetts-based bank formerly known as Provident Bank has launched a payments network aimed at giving its crypto customers what Silvergate and Signature already offer: real-time payments that are available on nights and…
Arsenal set to receive payment that exposes Arsene Wenger transfer blunder
Arsenal are set to land just £250,000 when Donyell Malen completes his big money move to Borussia Dortmund, according to reports. Malen signed for Arsenal aged just 17 in 2015, leaving his boyhood team Ajax in the process. Arsene Wenger was a…
Amazon is finally getting serious about crypto and hopes to bring it to customers 'as soon as possible,' as it looks to hire a new blockchain lead
Amazon seeks leader for 'Amazon's Digital Currency and Blockchain strategy and product roadmap.' The position is for the 'Payments Acceptance & Experience team,' according to a job post. Amazon offers a blockchain service, but doesn't yet accept…
Visa buys UK's Currencycloud to boost cross-border payments
Currencycloud's foreign exchange services will tie in to Visa's strategy to facilitate global money movement amid increasing international trade. A month after announcing its acquisition of open banking start-up Tink, Visa is placing its bet on yet…
Fourth Stimulus Check: Will There Be Another Relief Payment?
(CBS Boston) — Stimulus checks have been a financial lifeline for families finding their way through COVID. The pandemic isn't quite over, as the Delta variant has case numbers rising in many states. Still, life in the U.S. continues to…
Blockchain-based commercial payments firm Paystand raises $50m
Blockchain-enabled commercial payments outfit Paystand has raised $50 million in a Series C round of funding led by NewView Capital. SoftBank's Opportunity Fund, King River Capital, Industrious Ventures, and Transform Capital joined the round.
$600,000 Sexual Harassment Settlement Reached in Batali & Bastianich Case
An investigation into the once-towering Manhattan restaurant business built by the chef Mario Batali and his former partner Joe Bastianich revealed a sexualized culture so rife with harassment and retaliation that it violated state and city human…
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