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This post was originally published on this site

October 9, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Prepaid Cards, Transaction Processing

  • Rainforest, an Atlanta-based platform for embedded payments, has closed on an $11.75-million seed funding round led by Accel.
  • Beverly, Mass., has contracted with Passport for support of mobile payments for parking in the town. Passport claims more than 800 cities and other entities using the app.
  • Instant Financial, a provider of earned-wage access technology, unveiled upgrades to its platform that include a new mobile app with support for Apple, Google, and Samsung digital wallets.
  • Blockchain-enabled business-to-business payments platform Paystand completed an integration with Microsoft Dynamics 365 Business Central portfolio of apps.
  • Grand Ventures announced the closing of a $50-million fund earmarked for investment in early-stage fintechs and other sectors.
  • Sales of payment-processing technology globally will grow from $51.7 billion last year to $204.3 billion by 2032, a compound annual growth rate of 14.8%, according to a report from DataHorizzon.
  • TerraPay, a United Kingdom-based platform for cross-border remittances, announced it has signed a contract with Bancolumbia to support payments to the country from Columbians living abroad.
  • Turkish e-commerce platform D-MARKET Electronic Services & Trading, which does business as Hepsiburada, said it secured a five-year agreement with Visa Inc. to ensure its digital prepaid cards would be accepted on the Visa network globally for online and physical purchases.
  • Changes at the board of directors of payments platform and bank holding company Green Dot Corp. Former Google Inc. and Mastercard Inc. executive Michelleta Razon has been appointed to the board, while Peter Feld has resigned, effective immediately.

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