Earned wage access (EWA) company Payfare said Thursday (Sept. 26) that it is withdrawing its previously issued 2024 financial guidance for revenue and earnings after learning that its core services agreement with DoorDash will not be renewed. The companies are establishing a transition plan to begin in...
Fiserv disclosed Wednesday (Sept. 25) that it expects its merchant acquiring joint venture with Wells Fargo to expire April 1, 2025. The joint venture, Wells Fargo Merchant Services (WFMS), is owned 40% by a Fiserv wholly owned subsidiary and 60% by Wells Fargo Bank, National...
Demand for seamless, real-time financial information is driving a shift in banking. This shift, driven by technological advancements and global trends including open banking and embedded finance, has set a higher standard for financial services. As open banking and embedded finance become more ingrained in...
EBay is expanding its working capital program for sellers by partnering with Liberis. The collaboration between the eCommerce giant and the embedded finance platform has produced an offering called Flexible Cash Advance, according to a Thursday (Sept. 26) press release. “The new option provides sellers...
Synchrony and Dick’s Sporting Goods have extended their two-decade-long strategic partnership that includes a credit card program. With this multi-year extension, athletes will be able to continue using their ScoreRewards Credit Card and ScoreRewards Mastercard online and in-store at the retailer’s more than 800 locations, the companies...
Mastercard and KaiOS have partnered to offer affordable payment acceptance devices to small- to medium-sized businesses (SMBs) in emerging markets. The companies will begin offering the devices to SMBs in Cote d’Ivoire and Nigeria and then expand across Africa and beyond, they said in a Wednesday...
Cross River Bank has formed a partnership with embedded payments company Forward. The collaboration is designed to use embedded payments to address payment challenges the companies say are stunting the growth of Software-as-a-Service (SaaS) providers. “We are proud to join forces with Forward to offer payouts-as-service, a solution...
Nasdaq wants to expand its digital bank FinTech presence in Latin America. The tech company agreed to provide its AxiomSL regulatory reporting tool to Nubank, the region’s digital banking giant, according to a Monday (Sept. 23) press release. “The agreement extends Nasdaq’s existing partnership with...
Mastercard has launched a partnership with East African telecom Safaricom. The collaboration, announced in a news release Thursday (Sept. 19), is designed to boost the adoption of payment acceptance and cross-border remittance services in Kenya for the benefit of more than 636,000 merchants using M-PESA,...
