Industry NewsPayments

Innovation To Spur Even Stronger Splitit Growth

MELBOURNE, AUSTRALIA and NEW YORK, NY—Payments solutions provider Splitit saw its revenue grow a record 318 percent between Q3 2019 and Q3 2020 to USD2.4 million. The company’s merchant sales volume (MSV) grew 214 percent year over year (YoY) over the same period to USD70.9 million. Consistent with previous quarters, …

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Industry NewsPayments

Bluefin Announces $25 Million in Financing

ATLANTA, GA—Point of sale payment and data security technology provider Bluefin will be receiving USD 25 million in growth financing, in a round led by Macquarie Capital Principal Finance. Macquarie joins current investors Napier Park Global Capital and Camden Partners. The financing will fuel Bluefin’s product development, continued growth in …

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Fraud & IdentityIndustry News

Mastercard Launches Cyber Secure

PURCHASE, NY–Mastercard has released Cyber Secure, which is reportedly a first-of-its-kind, artificial intelligence (AI)-powered suite of tools that allows banks to assess cyber risks across their ecosystems and prevent potential breaches. With these capabilities, banks can identify and prioritize threats and vulnerabilities throughout their cyber environment. Additionally, acquiring banks can …

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Industry NewsInsuranceUnderwriting

FCT, Opta to Provide Data-Driven Property Industry Products

OAKVILLE, ON–FCT, which provides title insurance and real estate technology, and Opta Information Intelligence Inc., a supplier of Canadian property location intelligence, have partnered to deliver data-driven products to the financial services industry. Through this exclusive partnership, FCT will leverage data assets, products, and resources to significantly increase the efficiency …

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Equipment FinanceIndustry News

Business Environment for U.S. Equipment Finance Firms More Favourable in 2021: Foundation

WASHINGTON, DC–Although the outlook for the U.S. economy is uncertain, equipment finance industry leaders expect moderate portfolio growth in 2021. But performance will vary by sector. These findings and others are according to a new study, Equipment Finance in 2020: Special COVID-19 Impact Issue, released by the Equipment Leasing & Finance Foundation (Foundation). …

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Fraud & IdentityIndustry NewsPayment ProcessingPayments

Forter, FreedomPay Partner to Fight Fraud, False Declines

NEW YORK, NY—Forter has partnered with FreedomPay to establish what may be the first joint network for online merchants and banks to instantaneously block fraud and enable legitimate consumers to operate freely. The partnership aims to address a major issue where multiple players (online merchants, credit card issuers, and banks) …

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Equipment FinanceIndustry News

September U.S. Equipment Financing Down Year to-Year, To Date, But Up Month-to-Month

WASHINGTON, DC—There is both bad and good news in the latest Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25). It showed that the overall new business volume for the American equipment finance sector in September 2020 was $8.7 billion, down 13 percent year-over-year from new business …

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CybersecurityFraud & IdentityIndustry NewsPayments

U.S. Touchless Payments Grow, Cybersecurity Concerns Strong: Fiserv

BROOKFIELD, WI–According to the 2020 Fraud and Security Survey, released by Fiserv, 79 percent of U.S. consumers say that cybersecurity is equally or more concerning that it was for them a year ago. Cybersecurity concerns remain as consumers increasingly adopt digital payment methods that facilitate touchless interactions, yet which often …

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FinTechIndustry NewsPayTech

Adyen Alums get $4.7 m to Launch Silverflow

AMSTERDAM, NL and LONDON, UK–Silverflow, a global payment technology company, has announced a €2.6 million ($4 million CAD) seed funding round. It was led by UK-based seed-stage investor Crane Venture Partners with participation from INKEF Capital and angel investors and industry leaders from Pay.On, First Data, Booking.com, and Adyen. With …

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AR ManagementIndustry NewsMergers & Acquisitions

Versapay, Solupay Merge, Keep Versapay Name

TORONTO, ON–Versapay Corporation has completed a merger with payment services provider Solupay, which will further strengthen its AR automation and integrated B2B payments offerings. The combined company will operate under the Versapay name and under the leadership of Craig O’Neill, current CEO of Versapay. Financial terms of the private transaction …

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