Stripe eyes acquisitions as it secures mammoth $600M fund raise

Stripe eyes acquisitions as it secures mammoth $600M fund raise

Stripe, a company whose tools allow merchants to accept payments, says it’s growing its European operations amid a $600M Series H fund raise.

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Not junk mail: As Covid relief bill passes, many will receive MetaBank-issued cards

Not junk mail: As Covid relief bill passes, many will receive MetaBank-issued cards

While the bulk of stimulus payment cards are going out through direct deposit, a significant number will be sent via MetaBank-issued prepaid cards.

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Banks add accidental payments wording in debt documents to hedge risks

Banks add accidental payments wording in debt documents to hedge risks

Amid fallout from Citi’s (expensive) payment mistake in which it accidentally transferred $900M to Revlon lenders and lost a legal battle to recoup it, banks are inserting wording into debt documents to protect themselves.

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Neobanks N26 and Ellevest launch cash back rewards as loyalty drivers

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.

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Canada hits new milestone on path to real-time payments system

Canada 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.

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Federal Reserve payments outage raises system-wide stability questions

Federal 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.

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Streamlabs embeds creator tipping capability in website builder

Streamlabs 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.

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Stripe appoints central bank heavy hitter Mark Carney to board

Stripe 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.

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Amazon Go faces competition from tech companies that want to get rid of checkouts

Amazon Go faces competition from tech companies that want to get rid of checkouts

Amazon Go stores are known for their “walk in, walk out” checkout-free experiences, and the tech giant is also acting as a vendor for its cashier-free technology toolset.

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Shopify’s payment option Shop Pay now available on Facebook, Instagram

Shopify’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.

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‘Buy now, pay later’ firm Klarna reaches 15 million users in the US

‘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.

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Real-time payments network FedNow announces 110 pilot partners

Real-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.

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Payments giant Stripe stops processing Trump campaign website payments

Payments giant Stripe stops processing Trump campaign website payments

In the aftermath of the Capitol violence last week, payments company Stripe is no longer processing payments for the Trump campaign website, the Wall Street Journal reported.

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Social payments app Meemo launches custom digital gift card platform

Social 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.

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TransferWise is said to be planning a 2021 IPO

TransferWise 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.

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