Fi911

FEBRUARY 14, 2024

A merchant account reserve is a predetermined portion of a business’s revenue held in reserve by an acquiring bank. Payment processors and acquiring banks employ this risk management strategy to safeguard against potential losses associated with a merchant’s transactions. Why Do Acquirers Mandate Account Reserves?

Risk Management 99

Risk Management Risk Accounts Processors 99

Fi911

DECEMBER 3, 2024

Acquiring banks must rely on a robust array of tools to deter fraudulent activity. By setting a cap on the number of transactions a user can initiate within a specific period, velocity checks aid in reducing the incidence of fraud, thereby mitigating potential losses to merchants. The post What are Velocity Checks?

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

Fintech Finance

DECEMBER 13, 2023

The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

PYMNTS

MAY 10, 2020

That means assets that aren’t acquired by means of exchanging them for payment, and which are used on a “fully operative network” for a “consumptive purchase.” According to the law, digital securities “presumptively not an investment contract” would not be subjected to the sometimes contradictory rules between organizations.

Bitcoin 67

Bitcoin Caps Security Cryptocurrency 67

Neopay

DECEMBER 18, 2023

The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border 52

Cross-Border Caps Regulations Visa 52

PYMNTS

SEPTEMBER 27, 2019

The RIF token, which was introduced in November of last year, has a market cap of $46 million. Acquiring Taringa gives RSK a base of users to try out its products and endeavors. The reward will be in the form of IOVLabs’ RIF token. Taringa is popular in Latin America and Spain.

Acquirers 69

Acquirers Bitcoin Caps Cryptocurrency 69

Clearly Payments

APRIL 25, 2024

Why the Durbin Amendment Exists Debit card transactions involve a set of players in the payments value chain : the issuing bank (that provides the debit card to the consumer), the acquiring bank (that processes the transaction for the merchant), the payment network (like Visa or Mastercard), and merchant services provider (i.e.

Debit Card 101

Debit Card Federal Reserve Caps Credit Union 101

Clearly Payments

AUGUST 14, 2024

These fees are attributed to the dominance of credit card payments and the involvement of multiple intermediaries, including card networks, issuing banks, and acquiring banks. Unlike Europe, where interchange fees are capped at 0.3% Due to the EU’s Interchange Fee Regulation, which caps interchange fees at 0.3%

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Process Credit Cards Alternative Payment Methods Debit Card 104

Fintech Review

SEPTEMBER 3, 2024

New York, NY, September 3rd, 2024, Chainwire Forgd , a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning.

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Caps Blockchain Advisors Automation 52

Payments Source

OCTOBER 12, 2016

The Wells Fargo phony bank and credit card accounts scandal is barely five weeks old, but it felt like John Stumpf had been hanging on for five years.

Caps 80

Caps Credit Cards Accounts Acquirers 80

Fintech News

SEPTEMBER 9, 2024

FlexiTravel Plus allows travelers to purchase six-hour blocks of coverage starting at S$1.80, with additional hours priced at S$0.30, capped at S$3.00 Allianz had recently announced plans to acquire a 51% stake in Singapore’s Income Insurance in a deal valued at approximately SG$ 2.2 billion (EUR 1.5

Caps 111

Caps Blocks Adjustments Consulting 111

Stax

AUGUST 1, 2024

Visa’s surcharge rules around disclosure, compliance, options (brand-level/product-level), notifying acquirers, surcharge cap, etc. Notifications – Before implementing a surcharging program, you must notify your acquirer at least 30 days prior. Earlier, the surcharge cap used to be 4%.

Rules 88

Rules Credit Cards Caps Processors 88

The Fintech Times

FEBRUARY 15, 2025

Saudi technology provider T2 acquired Moola , a corporate expense management platform. RasMal , a Saudi fintech specialising in cap table management and investment governance, announced the closing of its $4.8million pre-series A investment round, led by Syndicate Element Holding Group (SHG).

Innovation 64

Innovation Fraud Prevention AI Compliance 64

Payments Source

MARCH 7, 2016

A Canadian lawmaker has introduced legislation to establish new ceilings for credit card interchange, and though it has the support of some retail groups, experts say the bill faces headwinds.

Caps 67

Caps Credit Cards Acquirers Compliance 67

Payments Dive

OCTOBER 22, 2018

With regulatory caps on interchange rates, entry of non-traditional competitors and emergence of new channels and payment instruments acquirer margins are under pressure. The economics of card acceptance at POS are dependent on efficiently processing high volumes of everyday payments.

Caps 68

Caps Volume Acquirers Process 68

PYMNTS

APRIL 6, 2020

Wells Fargo To Cap SMB Bailout Loans at $10 Billion. The country’s fourth-largest bank said it anticipates that its loan capacity will be maxed out under the program since it is operating with the current asset cap limitations. Plus, the European Union began investigating Facebook’s marketplace as part of its antitrust probe.

Caps 52

Caps AI Online and Mobile Banking Small Business 52

CB Insights

NOVEMBER 28, 2018

acquisition of professional social network LinkedIn to the company’s recent acquisition of source code repository GitHub for $7.5B, Microsoft doesn’t hesitate to acquire companies that align with its various strategic initiatives. From the $26.2B Want the full expert post? Become a CB Insights customer.

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Acquirers Caps Research Posting 45

PYMNTS

MARCH 4, 2020

In today’s top payments news, Ant Financial has acquired a minority stake in FinTech Klarna, the coronavirus has crippled the $1.7 Ant Financial Acquires Minority Stake In Klarna. China’s Ant Financial has acquired a minority stake — less than 1 percent — in the Swedish split-payments FinTech Klarna for an undisclosed sum.

Acquirers 52

Acquirers API Payments Caps 52

Payments Source

MARCH 7, 2016

A Canadian lawmaker has introduced legislation to establish new ceilings for credit card interchange, and though it has the support of some retail groups, experts say the bill faces headwinds.

Caps 60

Caps Credit Cards Acquirers Compliance 60

PYMNTS

SEPTEMBER 13, 2017

SoftBank has gotten one step closer to acquiring a considerable stake in Uber, as the ride-hailing company will soon formally offer some of its shares to investors in exchange for billions of dollars from SoftBank. It should come as no surprise that Kalanick is not looking to sell any of his shares.

Acquirers 49

Acquirers Caps Process 49

PYMNTS

DECEMBER 9, 2020

These are $100 billion market cap companies that are sitting in the middle of the payments supply chain.”. And in terms of their merchant-acquiring and payments businesses, banks didn’t really look beyond their narrow strategic value. These aren't small companies or digital innovators,” he noted. Banks Let Themselves Get Left Behind.

Innovation 122

Innovation Rules FinTech Acquirers 122

PYMNTS

OCTOBER 28, 2019

It is not known what amount Google offered to acquire Fitbit. The surge added over $330 million to the company’s market cap, reaching around $1.5 The deal is not complete and there is no guarantee that it will move forward. The news caused Fitbit’s stock to skyrocket; it was up around 27 percent by Monday afternoon, according to CNBC.

Acquirers 41

Acquirers Caps Consumer Product 41

CB Insights

OCTOBER 27, 2017

We used CB Insights data to outline the private market moves being made by the companies considered to be India’s top IT companies by market cap: Tata Consultancy Services, Infosys, Wipro, HCL Technologies, Tech Mahindra, Larsen & Toubro Infotech, Mphasis, and Mindtree. Top acquirers among Indian IT companies.

Acquirers 44

Acquirers Automation Consulting AI 44

PYMNTS

NOVEMBER 30, 2020

Slack’s current market cap is around $24 billion, the report said. The company acquired data visualization company Tableau in August 2019 in a deal valued at around $15. Market watchers are expecting Salesforce to announce a deal to buy business communication platform Slack after market close on Tuesday (Dec. 1), according to CNBC.

Caps 80

Caps NOV Acquirers Product 80

FICO

JANUARY 25, 2019

It also allows banks to change their pricing dynamically, as regulatory caps or risk controls are met. High costs to acquire and heavy discounting certainly hurt the deal economics in certain channels but business will usually remain and return growth to the business. Meeting these caps is difficult in practice.

Caps 74

Caps Returns Governance Government 74

CB Insights

JULY 26, 2018

P&G, with a market cap of approximately $199B, recently acquired skincare and cosmetics brand First Aid Beauty in a signal of how the industry is shifting. Learn about the top trends in beauty, from high-momentum startups to technologies impacting in-store experiences, and more.

Caps 56

Caps Acquirers Technology 56

The Fintech Times

MARCH 4, 2025

When the Neo Space Group crossed his path, he noted: What’s better than capping your career with something this big that is this important to the kingdom? Merging talent from an existing company with a newly acquired one can be challenging.

Innovation 52

Innovation Agreements Caps Legal 52

PYMNTS

NOVEMBER 12, 2020

We won’t be expanding the size of our balance sheet for any reason, because we’re operating with an asset cap,” Shrewsberry explained to reporters during the earnings call. Others are operating in a less constrained way.”. Shrewsberry recently stepped down as CFO of Wells Fargo, a move that was announced in July.

Credit Cards 114

Credit Cards Point-of-Sale (POS) Push-to-Card Debit Card 114

CB Insights

DECEMBER 19, 2017

JAB, which does not disclose its financial information and tends not to speak to the press, began its coffee shopping spree by acquiring Peet’s Coffee and Tea in 2012. Since then, JAB has acquired a number of other chains, including Keurig Green Mountain in a $13.9B cash acquisition — its largest deal to date. in September 2017.

Acquirers 67

Acquirers Caps Continuity Product 67

PYMNTS

DECEMBER 1, 2019

Germany is planning to temporarily take stakes in high-tech companies in order to stop investors from non-EU countries from acquiring them. In addition to foreign investment, Altmaier also proposed cuts in corporate tax, a capping of social security contributions for business, and lower energy costs.

Social Security 65

Social Security Caps Blocks Acquirers 65

Payments Source

JUNE 24, 2016

Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees. WASHINGTON – More than fifty state bankers associations have rallied behind legislation from Rep.

Caps 64

Caps Acquirers Compliance Regulations 64

PYMNTS

FEBRUARY 23, 2020

Intuit would gain a strong standing in the world of online personal finance by acquiring Credit Karma. Credit Karma is currently backed by funders like private-equity firm Silver Lake and financial technology venture firm Ribbit Capital, and the acquisition would cap a rapid rise for the company.

Data Breach 72

Data Breach Push-to-Card Caps Breach 72

CB Insights

APRIL 4, 2019

In July 1987, Microsoft acquired Forethought for $14M in cash. Nokia’s Devices & Services Business ($7.2B, 2014) was acquired by Microsoft in 2014 — though Microsoft wrote off the deal less than 2 years later, declaring the experiment a failure and signaling a restructuring of its phone business. KEY TAKEAWAYS .

Acquirers 69

Acquirers Caps Checks Product 69

PYMNTS

NOVEMBER 24, 2016

“Whether card acceptance is coming to an area for the first time, moving to lower-value payments or penetrating smaller merchants, the acquiring sector has a remarkable ability to find new opportunities for expansion,” remarked RBR’s Chris Herbert in a statement. China spearheaded this growth, adding 4.7

Contactless Payments 69

Contactless Payments Regulations Caps NOV 69

Fintech News

JUNE 3, 2024

With assets under management (AUM) exceeding US$500 million and over 120 investments, AC Ventures has significantly impacted the market, creating a market cap of US$7 billion. As an early supporter of the Indonesian startup ecosystem, East Ventures was the first investor in local unicorn companies Tokopedia and Traveloka.

FinTech 117

FinTech Boot Camp Participant Online and Mobile Banking 117

PYMNTS

DECEMBER 29, 2019

based Uber , is set to be acquired by their global competition giant. Uber will cap annual increases beyond inflationary costs at 10 percent for Uber X and Careem GO. Surge pricing will also be capped at two-and-a-half times. Careem , an Egyptian domestic rival to U.S.-based Regulators approved the $3.1

Regs 52

Regs Caps Regulations Authorization 52

PYMNTS

SEPTEMBER 10, 2018

Also in 2017, the company acquired Ticketfly from Pandora for more than $200 million, as well as Ticketscript. In 2017, losses totaled $38.6 million while earnings reached $201.6 million in revenue – a 51 percent sales growth from the previous year. Last year, the service issued more than 203 million tickets.

Caps 40

Caps Processors Breach Acquirers 40