October 14, 2021
Juni Raises $73M in Series A For eCommerce Banking
eCommerce banking platform Juni announced Thursday (Oct. 14) it has raised $73 million in Series A funding that it plans to use to boost its employee count to more than...
October 14, 2021
Bank of America Says Zelle Users Have Grown 24% YoY
Bank of America’s third-quarter earnings results showed a continued increase in customers using digital and mobile channels for their banking needs, while $1.1 billion in reserves released helped boost the...
October 14, 2021
Hungary’s Perfinal Launches CBDC-ready Platform That Creates Digital Banks
Perfinal, the Hungarian core banking provider, says its new platform will be ready for central bank digital currencies (CBDCs), a press release says. Get the Full Story Complete the form...
October 14, 2021
Art Purveyors Expand Their Payment Palettes to Serve Customers Across...
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October 13, 2021
Stripe Seeks Talent for Crypto Strategy Team
Payment processing platform Stripe is looking to hire talent to form a cryptocurrency strategy team to steer the company’s future direction in digital assets, CoinDesk reported. Get the Full Story...
October 13, 2021
Capital Investments Help Payment Infrastructure Firms GPS and Nuvei Make...
As part of its efforts to accelerate technology development and global growth, payments issuer processor Global Processing Services (GPS) recently announced it has raised over $300 million, after securing a...
October 13, 2021
CUSO HigherGrowth to Enable Cannabis Business Banking Services
California’s North Bay Credit Union has collaborated with Austin Capital Trust Company and Silicon Valley FinTech MRBD to form the credit union service organization (CUSO) HigherGrowth, the Credit Union Times...
October 13, 2021
Indian Embedded FinTech Startup Niro Closes $3.5M Seed Funding
Embedded FinTech startup Niro raised $3.5 million in a seed funding round led by Elevar Equity with participation from angel investors Kunal Shah, Nitin Gupta, Bala Parthasarathy, the Patni Family...
October 13, 2021
Western Union Improves Instant Payments Offering in Europe
Western Union, a global provider of cross-border and cross-currency payments, has bolstered its instant payment capabilities in Europe by joining the Single Euro Payments Area Instant Credit Transfer scheme (SCT...
With nearly half of CU executives saying a lack of resources prevent them from bringing innovations to market, CUs are stuck piloting the digital innovations their members crave — and are willing to switch FIs for. The rise of strategic mergers is a way that some CUs are exploring to pool resources, innovate and drive scale. Read more in the “Credit Union Tracker®,” a collaboration with PSCU.
Digital bank users are signaling a shift that could reshape how everyday payments move. New PYMNTS Intelligence research conducted with Trustly shows that, under the right conditions, this mobile-first segment is ready to move a meaningful share of transactions away from cards and toward Pay by Bank. Get the details in “Pay by Bank Deep Dive: Digital Bank Users Are Ready to Switch.”