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U.K.-based FinTech Revolut has added an open banking tool to its payments Gateway offering.
This new feature lets businesses accept fast, secure payments from a customer’s bank account, and comes amid a surge in popularity for open banking, or “pay by bank” in the U.K., Revolut said in a news release Wednesday (Sept. 10).
“The payments landscape is evolving, and merchants are looking...
Human capital management company Paychex has launched a partnership with BILL.
This collaboration, announced Wednesday (Sept. 10), combines BILL’s Bill Pay tool with Paychex Flex, providing small- to medium-sized businesses (SMBs) an integrated service for payroll, human resources and accounts payable.
“During a time when many small and midsize businesses are facing financial pressure...
eCommerce reseller company Pattern aims to raise $321 million upon going public.
The firm, which resells items on marketplaces like Amazon, and its shareholders plan to offer around 10.7 million shares for $13 to $15 apiece, according to a filing Wednesday (Sept. 10) with the U.S. Securities and Exchange Commission (SEC). This range would value Pattern at up to $2.64 billion.
The SEC...
Mastercard has introduced new tools to help developers and businesses get ready for artificial intelligence-powered payments and agentic transactions ahead of the global launch of the Mastercard Agent Pay program.
“We’re building the infrastructure for a new generation of intelligent transactions, where consumers and developers can empower AI agents to act on their behalf with trust,...
The Department of the Treasury picked Fifth Third Bank to expand its prepaid debit card program.
The bank inked a five-year agreement to serve as the financial agent for the Direct Express card program, which helps roughly 3.4 million Americans get monthly federal benefits via a prepaid debit card, according to a Tuesday (Sept. 9) press release.
Most of these cardholders do not have a...
Hedge fund Elliott Management has reportedly purchased a large stake in payments automation company BILL.
That’s according to a report Tuesday (Sept. 9) by the Financial Times (FT), which says the activist fund is betting that BILL could be the latest in a string of payment company takeovers.
Elliott’s stake is at least 5%, the report said, citing sources familiar with the matter.
BILL...
Agentic commerce company firmly.ai has launched a partnership with affiliate marketing provider CJ.
The collaboration will offer CJ’s network of publishers and merchants turnkey access to “seamless shopping experiences” for consumers and thus open “new revenue streams, real‑time attribution, and frictionless checkout across every emerging channel,” the companies said in a news release...
Google Cloud’s chief executive has reportedly outlined how the company is generating revenue through AI services.
“We’ve made billions using AI already,” Thomas Kurian said Tuesday (Sept. 9) at the Goldman Sachs Communacopia and Technology Conference in San Francisco, CNBC reported.
“Our backlog is now at $106 billion — it is growing faster than our revenue. More than 50% of it will...
Klarna has priced its initial public offering (IPO) at $40 per share, higher than its expected $35-$37 range.
As Seeking Alpha noted in a report Wednesday (Sept. 10) morning, this price range values the Swedish FinTech at $15.1 billion, still far short of its $45 billion peak in 2021.
A separate report by Reuters, citing two sources familiar with the matter, said the company raised $1....
After moves involving banking and cryptocurrency, Robinhood is tackling a new frontier: social media.
The online brokerage is adding a social platform to its mobile app, part of a new suite of tools the company unveiled Wednesday (Sept. 10) at its HOOD Summit in Las Vegas.
“We’ve heard from active traders that they rely heavily on social media to navigate the markets,” Robinhood said...