Italian bank Credem has reportedly chosen Worldline as the preferred bidder for its merchants’ payments business. That’s according to a report Tuesday (June 4) by Reuters, which notes that this is the latest in a series of sales of banks’ “merchant books,” which banks have...
Payments FinTech KindCard says it plans to purchase banking platform OpenTransact. The company has signed a letter of intent connected to its potential acquisition of OpenTransact, Kindcard announced in a Tuesday (Jan. 2) news release. The release noted that KindCard provides alternative “closed-loop” payments solutions...
Lloyds Bank said it has expanded its partnership with consumer-centric commerce platform FreedomPay. The British banking giant announced Wednesday (Oct. 11) that merchants using its Bank Cardnet now have access to FreedomPay’s payment processing capabilities. “The fully integrated, patented technology offers Lloyds Bank Cardnet customers the flexibility...
Banc of California has bought the payments platform and tech of Global Payroll Gateway and its subsidiary Deepstack, giving it a one-stop shop solution for payments for merchants to get funds faster and access more visibility, a press release said. Deepstack is a differentiated software-led...
May 14, 2020
Amid a sudden and dramatic shift in consumer shopping behavior, merchants across all industries have been forced to react quickly. The pandemic required digitization for many businesses to keep revenue flowing, but simply setting up shop online is no longer enough to keep customers happy. Indeed, according to Laura Miller, president of J.P. Morgan Merchant […]
January 09, 2020
Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits...
September 15, 2024
Barclays is reportedly having trouble unloading a stake in its U.K. merchant payments unit. That’s according to a report Friday (Sept. 13) by Reuters, which cited sources who say the difficulty is down to differing views on that business’s valuation. Brookfield, which manages more than $825 billion in assets, was one of the private equity […]
June 04, 2024
Italian bank Credem has reportedly chosen Worldline as the preferred bidder for its merchants’ payments business. That’s according to a report Tuesday (June 4) by Reuters, which notes that this...
January 02, 2024
Payments FinTech KindCard says it plans to purchase banking platform OpenTransact. The company has signed a letter of intent connected to its potential acquisition of OpenTransact, Kindcard announced in a...
October 11, 2023
Lloyds Bank said it has expanded its partnership with consumer-centric commerce platform FreedomPay. The British banking giant announced Wednesday (Oct. 11) that merchants using its Bank Cardnet now have access to FreedomPay’s...
