USA
Mastercard & Vesta Join Forces to Offer Enhanced Fraud Management Solutions
Mastercard and Vesta, an end-to-end fraud prevention platform for digital purchases, announced a new strategic partnership to provide a state-of-the-art fraud management platform for merchants across Latin America and the Caribbean. As the need and interest from consumers to shop
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BlockFi Files for Bankruptcy Due to Exposure to FTX
Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection citing a liquidity crisis due to substantial exposure to recently bankrupt crypto exchange FTX. BlockFi says that it is exposed to FTX via loans to Alameda, a crypto trading firm
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American Express, TikTok Partner to Help Small Businesses Reach Gen Z
American Express has partnered with TikTok to launch the Shop Small Accelerator, a new programme to help small business owners reach a new generation of shoppers on Small Business Saturday. The accelerator provides small business owners with access to tools
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J.P. Morgan and Mastercard Launch Pay-by-Bank Service
J.P. Morgan Payments and Mastercard have launched Pay-by-Bank to enable consumers to permission their financial data to be shared so they can pay bills directly from their bank account. The service means that consumers will not need to type in
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MoneyGram Offers now Crypto Trading on their Mobile App
Moneygram announced the launch of a new service enabling consumers to buy, sell and hold cryptocurrency via the MoneyGram mobile app. This new feature gives MoneyGram customers in nearly all U.S. states and the District of Columbia the ability to
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Bilt Rewards Hits US$1.5B Valuation With US$150M Round Led by Left Lane Capital
Bilt Rewards, a rewards programme for renters, has raised US$150 million at a US$1.5 billion valuation. The round was led by Left Lane Capital, with Smash Capital, Wells Fargo, Greystar, Camber Creek, Fifth Wall, and Prosus Ventures participating. Launched in
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Embedded Finance to Account for More than 10% of All US Transactions by 2026
In 2021, US consumers and businesses poured US$2.6 trillion in transactions through embedded financial services, a sum that represents nearly 5% of all US financial transactions, according to a new report by Bain Capital and Bain & Company. By 2026,
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MoneyGram Is Now Haas F1 Team’s Title Sponsor in 2023 and Beyond
Digital payments company MoneyGram is now Haas F1 Team’s title sponsor for the 2023 season and beyond, with the new “MoneyGram Haas F1 Team” brand to take effect next year. The Haas F1 Team is a a fan favorite and
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TripActions Raises US$150M at US$9.2B Valuation as Business Travel Recovers
Travel expense management platform TripActions has raised a US$300 million Series G at a US$9.2 billion post-money valuation. The raise is a combination of US$154 million in equity and a US$150 million structured capital transaction led by Coatue. The announcement
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Apple Card Partners With Goldman Sachs to Offer Savings Account Feature
Apple has partnered with Goldman Sachs to provide Apple Card users with a savings account where they will be able to automatically deposit their Daily Cash cashback rewards. Apple Card users will be able to set up, manage and monitor
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