In today’s FinTech News, Zilch and Experian have teamed up to share reporting of buy now, pay later (BNPL) credit data, while American Express partnered with i2c to launch a new FinTech payments platform. Plus, by the end of 2022, Adyen plans to add Tap to Pay for iPhone users.
Zilch, Experian Partner on Customer Affordability
Zilch’s partnership with Experian aims to exchange reporting of payment plan data under the United Kingdom’s Credit Reporting Act (CRA), and continues Zilch’s efforts to ensure its customers’ financial health. The partnership with Experian allows Zilch to connect to the comprehensive database to determine how much its 2 million customers can afford.
Bolt to Purchase Crypto Startup Wyre for $1.5B
FinTech Bolt Financial is buying crypto startup Wyre Payments in a deal reportedly worth around $1.5 billion. The purchase of Wyre will give Bolt’s shoppers access to several cryptocurrencies, fiat exchanges, and compliance solutions.
Amex, i2c Launch Payments Platform for FinTechs
American Express has formed an expanded multiproduct agreement with digital payments and banking company i2c to develop payment solutions for customers on the Amex network. The team up will give FinTechs access to “Amex Offers,” the Resy dining program, access to ticket presales, and protection and fraud mitigation offerings.
Adyen Adding Tap to Pay to iPhones by End of 2022
Dutch payments group Adyen has teamed up with Apple to bring Tap to Pay to iPhones for U.S. customers later this year, allowing them to accept contactless payments on their mobile devices without adding other hardware or payment terminals. This innovation enables businesses to accept contactless payments with iPhone XS or later and a supporting app.
Payments Processing Firm RS2 Adds Acquiring Services
RS2 is adding its own acquiring business, adding the capacity to process payments for merchants and will let RS2 expand its presence among small and medium-sized businesses (SMBs). The company’s customers in Germany are already using the platform. The launch there “kick-starts RS2’s issuing and acquiring global strategy.”
GreenBox Purchases Share of Sky Financial Portfolio for $16M
GreenBox POS, the San Diego payments solution provider, has closed on the purchase of a substantial share of Sky Financial & Intelligence for $16 million and 500,000 restricted common shares. One of Sky’s portfolios that has been integrated with GreenBox’s technology for more than a year increased to more than $1 billion in total processing volume.
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