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Synthetic fraud and clean fraud tactics employ stolen cardholder information to complete purchases. Account takeover attacks have the same goal, but target consumers’ account credentials instead of payment details. Click fraud, however, can prove to be a much more difficult threat source to identify.
Global eTrade Services (GeTS) announced its partnership with Thunes – a leading Singapore-based global cross-border payments network for emerging markets. This partnership will facilitate better cross-border payments for customers using CALISTA™.
Integration of worldwide payment network and subscription management platform streamlines global payments for subscription commerce
Starling Bank has issued a dual currency debit card which enables users to pay for purchases in either pounds or euros.
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SASB, ISO, UBS Global Asset Management and ICMM dissect the suitability of universal vs industry standards, the current market context, and the roadmap forward.
Curv, which is developing a digital asset security infrastructure to help crypto-native and traditional financial institutions create digital wallets, said it raised $23 million in Series A funding on Wednesday.
Digital commerce solution Scalefast announced it raised a $22 million Series B round of funding Tuesday to help brands launch an e-store in as little as 15 days.
Sopra Banking Software, a leader in digital banking and financing software, has joined forces with Tink as a strategic channel partner.
E-commerce payments processor Checkout.com has tripled its market valuation to $5.5 billion after banking a $150m Series B funding round.
If the company name Pipe sounds familiar, it is because you read about them just four months ago when we wrote about the startup’s $6 million seed funding, led by Craft Ventures.
Brazil, the second largest market for WhatsApp, has suspended the instant messaging app’s mobile payments service in the country a week after its rollout in what is the latest setback for Facebook.
The Swiss software company Netcetera, market leader for 3-D Secure and digital payment solutions, implemented a white-label wallet for Payment Services Austria (PSA), the largest transaction service provider in Austria. This is an important step in the digitization of debit and credit cards.
Wirecard has said that €1.9bn in funds missing from its bank accounts may not exist, as the accounting scandal at the German payments company deepens.
Æternity co-founder Nikola Stojanow is launching Meta Change Capital (MCC), a €100 million VC fund focused on blockchain. Still securing investors, the London-based fund is led by AE Ventures and will close its first round in Q4 of this year.
Despite the Covid-19 pandemic, investments into Singapore-headquartered fintech firms rose sharply in the first half of this year.
According to the Financial Times, in a letter to France, Italy, Spain and the U.K., the U.S. said international talks had reached an impasse and there wasn’t even room for an interim deal. The move effectively ends any chance of a deal soon.
Fly Ventures, the Berlin-based VC that invests in seed-stage European startups within enterprise and deep tech, has raised a new €53 million fund. The firm writes initial cheques of between €500,000 and €1.3 million, and says it is on the hunt for startups developing “novel, advanced technology at the cutting edge of their respective sectors.”
This morning Upgrade, a credit-focused fintech startup, announced that it has raised a $40 million Series D round that the company says gives it a $1 billion valuation.
The European Commission has opened an antitrust investigation into Apple's terms and conditions and its steadfast refusal to open up its NFC functionality on iOS devices to proprietary bank payment apps.
The European Fintech Association (EFA) has officially launched and counts peer-to-peer lender Funding Circle among its members.
After months of talks and trials, WhatsApp has finally pulled the trigger on payments in its app. Today the Facebook-owned messaging service announced that users in Brazil would be the first to be able to send and receive money by way of its messaging app, using Facebook Pay, the payments service WhatsApp owner Facebook launched last year.
VENTURE capital firm 500 Startups has invested in Malaysia-based fintech firm Curlec, which will use the new capital to grow its Malaysian operations further. This will be done through product development, strategic initiatives and market expansion, 500 Startups and Curlec said in a joint statement on Monday.
Brussels-based Fintech firm iBanFirst has secured €21 million in capital through a Series C round, which was led by Elaia and Bpifrance Large Venture. The funds raised will be used to expand iBanFirst’s financial services platform for SMEs. The company mainly focuses on supporting B2B payments in several major currencies.
London-based FinTech services firm Codat has raised ($10m) in venture funding.
