TerraPay Closes UK-Based Pay2Global Acquisition Credit Card Spending

TerraPay Closes UK-Based Pay2Global Acquisition Credit Card Spending

TerraPay, a mobile-first international network, a company incubated by Mahindra Comviva, has completed the acquisition of UK-based Pay2Global Limited, following regulatory approvals. In an outright purchase, TerraPay has acquired 100% of Pay2Global for an undisclosed amount. Pay2Global is a regulated digital international money transfer company with passporting rights into the European Economic Area (EEA). One…

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Prepaid Card Solution for Cannabis Payments Unveiled

Prepaid Card Solution for Cannabis Payments Unveiled

Amercanex, the American Cannabis Exchange, will begin offering a digital e-wallet solution ACEpay to meet the financial needs of the cannabis and financial industries. This cashless solution offers users a pre-paid Visa or MasterCard that’s linked to their ACEpay account. Card purchases are eligible for rewards at nationwide businesses and restaurants, which are chosen by…

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Wirecard and airberlin topbonus Team to Launch a MasterCard

Wirecard and airberlin topbonus Team to Launch a MasterCard

Wirecard is now collaborating with topbonus, the frequent flyer program of airberlin. The deal includes a MasterCard credit card for topbonus participants in Austria. With the airberlin & NIKI MasterCard, customers can collect one award and status mile for each Euro spent on the credit card. Users can easily redeem these miles for flights with…

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PEARL by OT Gets Certifications for Biometric and Transport Payments

PEARL by OT Gets Certifications for Biometric and Transport Payments

Oberthur Technologies announced its embedded Secure Element, PEARL by OT, is the first eSE worldwide to be certified by Visa, MasterCard and Amex for biometric-compliant payment applets (VISA VMPA v1.4, MasterCard MCM v1.1 and AMEX v2.0), as well as by OSPT Alliance (CIPURSE™ V2) for urban transport applications and value added services. With these new…

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CheckAlt Renews and Expands Payment Processing for Italbank

CheckAlt Renews and Expands Payment Processing for Italbank

Miami-based CheckAlt has inked a renewal and an expansion agreement with ItalBank international. CheckAlt will now process all deposits made at ItalBank’s branches, including inclearings processing and CheckAlt Archive. The renewal agreement also includes ItalBank continuing to offer CheckAlt’s Business Capture solution to ItalBank’s business customers. CheckAlt’s Branch Capture consolidates the item processing stream within…

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High Risk Merchant Processor Adds High Powered Chargeback Feature

High Risk Merchant Processor Adds High Powered Chargeback Feature

TX-based Soar Payments, a top credit card processor for high risk merchants, now defaults all new clients to enroll in Chargeback’s unique technology-driven solution; sending a strong signal to its merchant clientele that customer disputes need to be taken seriously and managed with proper tools and resources from day one. With Chargeback, Soar Payments’ clients…

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China Drives the 2016 Surge in Fintech Investments

China Drives the 2016 Surge in Fintech Investments

Asia-Pacific nearly doubles 2015 fintech financing in the first half of 2016 to the tune of nearly $10 billion, primarily driven by China. Investments in Asia-Pacific have eclipsed North America, which as of July 31 garnered $4.58 billion in fintech investments; and also tops Europe, which attracted $1.85 billion in the same period. More specially investments…

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