Industry News

  • Ally Is Giving Credit Cards Another Go With Fair Square Financial
    by Nicole Pinto on October 22, 2021 at 3:35 pm

    “Ally Financial is giving the world of credit cards another go.  The auto-lending giant said on Thursday it’s agreed to pay $750 million for credit-card company Fair Square Financial. With the deal, Ally will be getting a business that has more than 650,000 cardholders who carry about $763 million in balances.” The post Ally Is Giving Credit Cards Another Go With Fair Square Financial appeared first on Payments News.

  • Brex Just Signed a Term Sheet for $300M at a $12.3B Valuation
    by Nicole Pinto on October 22, 2021 at 3:34 pm

    “Fast-growing fintech Brex has raised $300 million in funding that propels it to decacorn status, just six months after it was valued at $7.4 billion, according to people familiar with the deal. The sources, who wished to remain anonymous since the deal is not yet public (although a term sheet has been signed), said corporate The post Brex Just Signed a Term Sheet for $300M at a $12.3B Valuation appeared first on Payments News.

  • Klarna Acquires Inspirock, Bringing Smooth Travel Planning to Its 90M Global Consumers
    by Nicole Pinto on October 22, 2021 at 3:33 pm

    “Klarna , a leading global retail bank, payments and shopping service, is bringing its signature smoooth experience to the travel sector with the acquisition of Inspirock , an online trip planner that enables consumers to quickly and easily explore a destination’s offerings and create personalized itineraries utilizing local expertise and artificial intelligence.” The post Klarna Acquires Inspirock, Bringing Smooth Travel Planning to Its 90M Global Consumers appeared first on Payments News.

  • Ghana Seeks to Ensure E-Cedi Digital Currency Can Be Used Offline
    by Nicole Pinto on October 22, 2021 at 12:53 pm

    “Ghana is working to make a digital form of its currency available to offline users. The e-cedi, which the Bank of Ghana is set to pilot , seeks to facilitate transactions without the need for power or connectivity, according to Kwame Oppong, who heads fintech and innovation at the regulator. “Financial inclusion is limited by The post Ghana Seeks to Ensure E-Cedi Digital Currency Can Be Used Offline appeared first on Payments News.

  • DeFi Tops $100 Billion for First Time as Cryptocurrencies Surge
    by Nicole Pinto on October 22, 2021 at 12:52 pm

    “Bitcoin’s record rally helped push the value of assets used in decentralized finance to $100 billion for the first time, according to data compiled by DeFi Pulse . DeFi Pulse calculates the amount by combining the balance of Ether and other assets held in smart contracts settled on the Ethereum blockchain and multiplying them by The post DeFi Tops $100 Billion for First Time as Cryptocurrencies Surge appeared first on Payments News.

News

Company News

Use the glossary to understand the terminology in the payments industry.

Industry News

Access our collection of payment organizations and websites that will help you better understand, navigate, and network in the payments industry.

Upcoming Events

Check out white papers on Managing Your Cost of Electronic Payments and Interchange Optimization.  Check back often to see which new topics we are covering.

Get in Touch

Send us an email and we’ll set up a time to connect with you and your business.