PEX raises $160 million in funding for spend management platform
PEX secured $160 million in debt and equity financing to expand its charge card, transaction capacity and financial automation pla...
By Rafael Ortiz 3 weeks agoSection
Fintech
FCA and BofE name taskforce members for reporting harmonisation
The FCA and Bank of England appointed industry members to three groups reviewing UK transaction and post-trade reporting rules.
By Rafael Ortiz 3 weeks agoCross-border payments complexity pushes merchants toward localised systems
emerchantpay’s Svetlio Todorov says merchants need local payment options, stronger compliance and unified infrastructure to expand...
By Rafael Ortiz 3 weeks agoIwoca debt facility reaches £250mn as sale reports circulate
British SME lender has secured £250mn in debt funding as Sky News reports a possible auction valuing it above £1bn.
By Rafael Ortiz 3 weeks agoVisa VAMP chargeback thresholds tighten as Mastercard adds scam monitoring
Visa and Mastercard rules are raising pressure on merchants as global chargebacks are forecast to reach 324 million by 2028.
By Rafael Ortiz 3 weeks ago
UPS q2 2026 earnings show profit growth despite lower package volume
UPS raised its 2026 outlook after U.S. volume fell 3.3% but domestic operating profit rose 21% on pricing, automation and mix.
By Rafael Ortiz 3 weeks ago
Visa layoffs 2026: company cuts 2,600 roles to fund payments push
Visa is cutting about 2,600 jobs, Bloomberg reported, as it redirects spending toward stablecoins, B2B payments and other growth a...
By Rafael Ortiz 3 weeks agoFraud verification has limits in APP fraud, Banfico’s Cardwell says
Banfico’s Jonathan Cardwell told FinextraTV that verification can help fight fraud but cannot stop authorised scams on its own.
By Rafael Ortiz 3 weeks agoFinextra offers digital sovereignty banking webinar with Cloudera
Finextra’s on-demand session with Cloudera covers sovereign cloud, data and AI controls as banks expand AI-powered operations.
By Rafael Ortiz 3 weeks ago
Velera Risk Alert Manager adds near-real-time fraud controls
Velera launched Risk Alert Manager, an Atmos Risk tool for credit unions to detect compromised card events and act from one applic...
By Rafael Ortiz 3 weeks agoConnexus Alacriti real-time payments rollout adds RTP and FedNow
Connexus Credit Union is using Alacriti’s Orbipay platform to send and receive instant payments on the RTP network and FedNow.
By Rafael Ortiz 3 weeks ago
Binance law enforcement policy slows some police inquiries, NYT reports
Binance says its request rules protect privacy, while police told the New York Times the policy has delayed crypto crime cases.
By Rafael Ortiz 3 weeks ago