Payments Processing

How Could Generative AI Change Payments Processing?
How Could Generative AI Change Payments Processing?
May 24, 2023  |  artificial intelligence

While generative artificial intelligence (AI) makes headlines, the technology has for years been driving efficiencies. Particularly within the payments space. Already, automated machine learning (ML) and predictive...

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Stripe Valued at $50 Billion Following New Funding Round
Stripe Valued at $50 Billion Following New Funding Round
March 16, 2023  |  Payment Methods

Stripe has raised $6.5 billion in a funding round that values the payments firm at $50 billion. The valuation, announced by the privately-owned company Wednesday...

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FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%  
FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%  
March 03, 2023  |  Fintech Investments

Investors were in a “shoot first, ask questions later” frame of mind this past week. As for the FinTech IPO Index, earnings reports helped send...

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Stripe Slashes Valuation of $55B Funding Campaign
Stripe Slashes Valuation of $55B Funding Campaign
March 01, 2023  |  Investments

Stripe has lowered the valuation of its $55 billion fundraise by around 10%. The reduction was reported late Tuesday (Feb. 28) by The Information, which...

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Stripe Reportedly Cuts Valuation for Third Time Since June 2022
Stripe Reportedly Cuts Valuation for Third Time Since June 2022
January 12, 2023  |  News

Stripe has reportedly reduced its internal valuation by 11%, the third cut since last year. The reduction represents an implied valuation of $63 billion for...

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MercadoLibre Tests Business Payments on WhatsApp
MercadoLibre Tests Business Payments on WhatsApp
December 07, 2022  |  Payments Innovation

Latin American eCommerce platform MercadoLibre is introducing digital business messaging payments with WhatsApp. In an interview with Reuters on Wednesday (Dec. 7), the CFO of...

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Access Group Bolsters Payments Business With Pay360 Acquisition
Access Group Bolsters Payments Business With Pay360 Acquisition
December 01, 2022  |  Acquisitions

The Access Group has confirmed the acquisition of Pay360 in the U.K. The group’s payment arm, Access PaySuite, has purchased Pay360 in a deal that...

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Twitter Reportedly Filed With FinCEN to Process Payments
Twitter Reportedly Filed With FinCEN to Process Payments
November 09, 2022  |  Digital Payments

Twitter has reportedly filed paperwork with the Financial Crimes Enforcement Network (FinCEN) to begin the process of registering to process payments.  The social media platform...

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Nuvei Reports 30% Growth in Payments Processing Volume
Nuvei Reports 30% Growth in Payments Processing Volume
November 03, 2022  |  Earnings

Canadian payments platform Nuvei reported better-than-expected third-quarter results Thursday (Nov. 3), with the company seeing a 30% increase in processing volume. “Results were driven by...

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