Checkout.com buys Estonian software development firm
Online payments firm Checkout.com has acquired Estonian software development firm Icefire, adding 110 engineers to its team. Financial terms were not disclosed.
Powersports sales resilient in uncertain market
Motorcycle dealers and lenders are cautiously optimistic with sales rising in May before tariff-induced cost hikes have hit the industry….
AbbeyCross raises $6.5m for emerging markets FX platform
AbbeyCross, a wholesale FX platform focused on improving the payment market infrastructure for emerging market currencies, has raised US$6.5 million in a seed funding round.
Refinitiv veteran Minutella appointed CEO of Data Zoo
Global identity provider Data Zoo has appointed former London Stock Exchange executive Charlie Minutella as CEO.
Under the Hood: CFPB repository for lender offenses could spur enforcement surge
While the Consumer Financial Protection Bureau’s stated reason for its latest initiative to create a consolidated registry of lender offenses…
Wise to launch travel card in India
UK-based fintech Wise has continued its push into the Indian market with the planned launch of what it claims is the Asian nation’s first ‘travel’ card.
Americans lost $3bn to impersonation scams in 2024
Scams impersonating businesses and government officials cost Americans $2.95 billion last year, according to the Federal Trade Commission.
North Korea hackers behind 60% of all crypto stolen in 2024
Crooks stole $2.2 billion in cryptocurrency in 2024, with hackers associated with North Korea accounting for $1.3 billion, according to a study from Chainalysis.
SocGen lists stablecoin on BitStamp
The digital asset unit of French lender Societe Generale has listed its newly-minted Euro-based stablecoin on crypto exchange BitStamp.
Checkout.com hit by over £100 million in losses
Payments platform Checkout.com has reportedly suffered a £100.5 million loss in its UK company.
Buy now, pay later needs credit card-like oversight, CFPB says
Buy now, pay later lenders such as Block Inc.’s Afterpay, Affirm Holdings Inc. and Klarna Bank AB should be treated…
Digital pound would not require new POS systems – BofE
Existing point-of-sale terminals in the UK could be used to initiate digital pound payments, according to research from the Bank of England.
Former MAX Digital exec joins AutoPayPlus as agency development manager
In response to the continuing growth of its agency partners network, AutoPayPlus expanded its sales team this week with the addition of Damon Walker as agency development manager. Skilled in finance, sales, service and consulting, AutoPayPlus highlighted that Walker is … [Read More]
Nate founder charged with fraud over ‘AI’ shopping app secretly powered by humans
The founder of an AI-based tool for automating online shopping checkouts has been charged with defrauding investors over claims that the process was actually carried out by human workers in the Philippines.
UPDATED: NADA pushes back against FTC’s ‘heavy-handed’ vehicle-purchasing rule
Editor’s note: Our report now includes comments from the National Independent Automobile Dealers Association (NIADA). The Federal Trade Commission said its newest rule released on Tuesday will prevent “bait-and-switch tactics and hidden junk fees” when consumers purchase vehicles. The FTC … [Read More]