Fintech News Stories
Neobanks N26 and Ellevest launch cash back rewards as loyalty drivers
/In a crowded market of digital-only banks and bank-type platforms, cash back rewards are seen as a way to keep customers engaged.
Read MoreCanada hits new milestone on path to real-time payments system
/Payments Canada and the Bank of Canada are in the process of setting up Real-Time Rail (RTR), a network that will allow Canadians to initiate payments and receive irrevocable funds in seconds, 24 hours a day, seven days a week. It will launch next year.
Read MoreFederal Reserve payments outage raises system-wide stability questions
/A series of payments systems operated by the Fed went down for several hours on Wednesday due to an “operational error,” affecting multiple services, including the automated clearinghouse system (FedACH), a lifeline that connects financial institutions sending electronic credit and debt transfers.
Read MoreStreamlabs embeds creator tipping capability in website builder
/Streamlabs, a Logitech-owned company that specializes in tools to help streamers increase engagement, is including a tipping option in its mobile website builder Willow.
Read MoreStripe appoints central bank heavy hitter Mark Carney to board
/Stripe, a firm whose tools allow merchants to accept payments, has named Mark Carney to its board of directors. Carney, a former governor of the Bank of England and the Bank of Canada, is currently the United Nations envoy on climate action and finance.
Read MoreShopify’s payment option Shop Pay now available on Facebook, Instagram
/E-commerce and omnichannel business platform Shopify is integrating its payment button Shop Pay with Facebook and Instagram, allowing all Shopify merchants to offer it on their Facebook and Instagram stores.
Read More‘Buy now, pay later’ firm Klarna reaches 15 million users in the US
/Klarna, a firm that’s best known for its point-of-sale financing toolset, reports that it more than doubled its total number of U.S. users to 15 million compared to just one year ago.
Read MoreReal-time payments network FedNow announces 110 pilot partners
/FedNow, a real-time payments network run by the Federal Reserve, announced 110 new partner institutions for its pilot program, which includes banks and processors.
Read MoreSocial payments app Meemo launches custom digital gift card platform
/Meemo, a payments app that tracks user transactions and offers merchant rewards, launched a website where users can create personalized gift cards.
Read MoreTransferWise is said to be planning a 2021 IPO
/TransferWise, the U.K.-based cross-border payments fintech that’s reportedly valued at $5B, is preparing to go public in the new year, according to Sky News.
Read MoreGoogle Pay launches merchant cash back rewards, supported by Fidel API
/Google Pay launched merchant cash back rewards through a partnership with U.K.-based startup, Fidel.
Read MoreU.S. Bank taps Canadian startup Vouchr on Zelle e-greeting card launch
/Zelle, the bank-backed peer-to-peer (P2P) payments network, is going social through the introduction of e-greeting cards. The feature was launched by U.S. Bank this week, and promises to add a ceremonial touch to peer-to-peer transactions.
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