Fintech News

SEPTEMBER 4, 2024

Zed’s innovative offering will include a no-fee credit card with features such as no hidden charges for international use, zero-interest on purchases for up to 31 days, and an advanced app with real-time transaction monitoring and security features like card freezing and unlimited virtual cards for secure online transactions.

FinTech 114

FinTech Cross-Border Payment APIs and Integration Credit Cards 114

Payment Savvy

MAY 11, 2023

Here is an overview of what you need to know as a merchant accepting Visa: Card acceptance: You can accept Visa credit, debit, and prepaid cards as a form of payment. To do so, you will need to establish a merchant account with an acquiring bank or payment processor.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

PYMNTS

NOVEMBER 6, 2019

In one use case the FinTech firm has for customer service, a large-scale firm might come to have three billing systems as it acquired companies over time. Then, when a customer makes a purchase from one company but is billed by an acquired firm, having a consolidated view can become crucial for efficient customer service.

Credit Limit 40

Credit Limit Checks Acquirers Credit Cards 40

EBizCharge

MAY 15, 2024

Here are some fundamental terms to understand: Merchant account Payment gateway Payment processor Acquirer Issuer Merchant account A merchant account is a specialized bank account that allows businesses to accept customer payments through credit cards and other electronic payment methods.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PayHawk

APRIL 18, 2023

A Acquirer The financial institution that processes payments on behalf of merchants. Clearing The process of exchanging payment information between the card issuer and the acquirer to settle a transaction. Credit Memo A document issued by the merchant to provide a refund or credit to the cardholder.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

CB Insights

FEBRUARY 13, 2020

Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. The company was ultimately acquired by PayPal in 2013, and now represents a sizable chunk of its merchant business. In March 2018, Stripe acquired Index , an in-store POS system startup. Source: Stripe.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

Clearly Payments

APRIL 3, 2024

Card Network: The credit card network sends the transaction details to the issuing bank (the customer’s bank) for authorization. Issuing Bank: The issuing bank checks the customer’s account for sufficient funds or credit limit and verifies the transaction’s validity. This usually occurs within a few days.

Process 59

Process Processors Online and Mobile Banking Payments 59

PYMNTS

FEBRUARY 20, 2020

That leaves an individual, like a business owner, on the hook for a company’s debt — even though an individual’s own credit profile is an inaccurate prediction of whether a company will succeed or fail. Glyman recalled his own experience with this pain point.

Commercial Card 56

Commercial Card Duplicate Underwriting Transactions 56

CB Insights

DECEMBER 4, 2019

In the last year, Amazon has been investing in growing Amazon Pay’s marketplace, including forming its first partnership with an acquiring bank Worldpay. That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

Finovate

SEPTEMBER 27, 2024

The two entities will work together to help newcomers from countries including Australia, India, Kenya, Mexico, and Nigeria to leverage their credit history from their home country to help them access higher credit limits when applying online for financing in Canada.

Embedded Finance 64

Embedded Finance Finance Payroll Online and Mobile Banking 64

PYMNTS

JANUARY 4, 2017

“At this point in time,” he said, “almost everybody — and certainly all millennials — use these companies to book travel … [those companies could] scale fairly rapidly in terms of acquiring customers on the demand side and then aggregating hotel accommodations on the supply side.”.

B2B 48

B2B Cross-Border Payments Cross-Border Online and Mobile Banking 48

PYMNTS

JULY 31, 2018

’s biggest P2P lending market for consumers, announced a return to profitability earlier this month, and is currently pursuing plans to acquire a banking license that would open up deposits as a potential source of low-cost, high-stability funding. Zopa, the U.K.’s Funding Circle , the U.K.’s And public response from the U.K.

P2P 40

P2P Regulations Risk Agreements 40

Fintech Labs Insights

MARCH 13, 2025

Glyman and Atiyeh were classmates at Harvard and previously co-founded Paribus, a price-tracking consumer app that was acquired by Capital One in 2016. Banking and Credit Risk: Ramps card is a charge card (balance due monthly) typically with a credit limit based on the businesss finances.

Push-to-Card 29

Push-to-Card AI Finance Multi-Currency 29

Fintech Labs Insights

NOVEMBER 9, 2020

Frazier and Cason were co-founders of DataRank, a YC-company (Spring 2013) acquired by Simply Measured in 2015. Raised: – Techstars made an undisclosed investment at the start of its incubator in June (typically $100k) – The company has secure a “sizable” credit line to purchase properties. HQ: Seattle, WA.

FinTech 15

FinTech Credit Limit P2P Returns 15

Fintech Labs Insights

MARCH 14, 2019

Underwriting : Brex’s key value prop, at least compared to bankcards, is vastly higher credit limits. Similar to American Express, the sky is the limit on the amount of credit extended. It has nothing to do with personal credit scores, and all to do with revenues, cash flow, and bank balances.

Underserved 12

Underserved Credit Limit Underwriting PayPal 12

Fintech News

JANUARY 8, 2025

Originally established as Bank Fama in 1993, Superbank was acquired by Emtek Group in 2021 to strengthen the conglomerate’s position in Indonesia’s financial services sector. Superbank attributes this rapid growth to its user-friendly platform, attractive promotions, and seamless integration with Grab.

Credit Limit 122

Credit Limit Product Origination Acquirers 122

EBizCharge

NOVEMBER 1, 2024

Getting paid has always been a critical component for any company since incoming funds drive revenue and allow for acquiring and allocating resources to various high-priority operations that keep your business afloat. Businesses can better manage their financial stability by understanding the root causes of short payments.

Best Practices 52

Best Practices Payments Strategy Disputes Payments 52