Visa Direct Introduces Bank Transfers in 60 Seconds or Less
Visa is stepping up the pace of real-time payments. Starting in April 2024, the company’s Visa Direct platform will allow funds sent to eligible US bank accounts via debit cards to arrive in under a minute. Reaching Millions of Users ... Read More
Payments Association Pushes for Carbon Emission Standards in Digital Payments
The Payments Association is urging the development of a standardized framework to measure carbon emissions across the digital payments value chain. While the per-transaction emissions of digital payments may seem negligible, the ... Read More
Klarna Fined $50 Million for AML Compliance Failures
Sweden’s Financial Supervisory Authority (FI) has imposed a Skr500 million ($50 million) fine on Klarna for deficiencies in its anti-money laundering (AML) practices during the period April 2021 to March 2022. Key Findings of the ... Read More
Mynt Secures €22M to Drive SME Spend Management Across Europe
Swedish fintech Mynt has successfully closed a €22 million Series B funding round, boosting its valuation to approximately €175 million. The round, led by Vor Capital, included participation from existing investors CNI, Incore, ... Read More
Google Cloud Partners with Swift to Combat Cross-Border Payment Fraud
Bank-to-bank payment network Swift has teamed up with Google Cloud to develop cutting-edge multi-jurisdictional anti-fraud technologies that leverage advanced AI and federated learning to protect global financial institutions. A ... Read More
Gen Digital to Acquire MoneyLion in $1 Billion Deal
Tech conglomerate Gen Digital has announced plans to acquire mobile banking firm MoneyLion in a $1 billion cash deal, marking a significant expansion into the fintech space. Under the terms of the agreement, publicly listed MoneyLion ... Read More
Deutsche Bank and Crypto.com Forge Corporate Banking Partnership in Asia-Pacific
Deutsche Bank has partnered with Crypto.com, becoming its corporate banking provider across Singapore, Australia, and Hong Kong, with plans to expand coverage further. The partnership aims to deliver seamless corporate banking ... Read More
Norway’s Vipps Launches First Apple Pay Rival for iPhone
Vipps, Norway’s bank-backed mobile payments firm, has become the first company globally to rival Apple Pay on the iPhone, allowing users to make in-store payments with a simple tap. Game-Changing Access to NFC Technology This ... Read More
Revolut Seeks Banking License in New Zealand
Revolut, the global financial super-app, has applied for a banking license in New Zealand, marking a significant step toward expanding its services in the region. Strong Local Growth Since Launch Since its debut in New Zealand in 2023, ... Read More
Google Challenges CFPB’s Supervisory Order in Court
Google has filed a lawsuit against the US Consumer Financial Protection Bureau (CFPB) over its decision to establish supervisory authority over Google Payment Corp. The move follows the CFPB’s investigation into consumer complaints about ... Read More