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AFTERPAY SHUTS MONEY APP, ENDS DEAL WITH WESTPAC


Australian fintech Afterpay has announced that it will be closing down its Money app in October just a year after launching, saying that the firm’s acquisition by Jack Dorsey’s Block “means our focus is shifting in a new direction”. Debit cards and Money accounts from the fintech company were introduced in collaboration with the largest bank in

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BINANCE AND MASTERCARD LAUNCH PRE-PAID CRYPTO CARD


In partnership with Mastercard, crypto giant Binance is launching its pre-paid card offering cryptocurrency “rewards” on customers’ purchases. As a result of the cooperation, Binance will launch its cryptocurrency debit card in Argentina, making that nation the first in Latin America to do so. The Credencial Payments-issued Binance Card enables customers in the area with a legitimate national

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INCOMM PAYMENTS SELECTS BILLINGPLATFORM FOR ITS PROVEN ABILITY TO HANDLE COMPLEX BILLING SCENARIOS AND LARGE VOLUME OF TRANSACTIONS


BillingPlatform, the enterprise monetization platform for today’s innovative business models, today announced that InComm Payments, a leading payments technology company, has selected BillingPlatform as its enterprise billing solution. InComm Payments chose BillingPlatform for its flexible data model, modern and intuitive interface, and the ability for non-technical users to configure the system to support the unique

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RIPPLESHOT ANNOUNCES PARTNERSHIP WITH RISK INTELLIGENCE LEADER FLASHPOINT TO MORE PROACTIVELY COMBAT CARD FRAUD FOR FINANCIAL INSTITUTIONS


Rippleshot, a provider of proactive fraud detection and prevention solutions to payment processors and financial institutions, announced today a partnership with Flashpoint, the globally trusted leader in actionable intelligence, to pair Rippleshot’s compromised and high-risk merchant data and insights with Flashpoint’s Payment and Credit Card Fraud Mitigation solution. Rippleshot’s cloud-based solution, which is equipped with features

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VESTTOO AND CLEAR BLUE ANNOUNCE A $1 BILLION PARTNERSHIP


Vesttoo, a leading insurance risk transfer platform, announced that it had signed a partnership agreement with Clear Blue to supply the latter with reinsurance capacity sourced from capital markets investors, totaling a sum of $1 billion USD. Vesttoo’s mission is to bridge the gap between insurance and capital markets by growing insurance-linked investments as a

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NEW BANK LAUNCH PROMISES TO BOOST THE UK PROPERTY SECTOR


The property sector across the UK is set for a £3bn boost as specialist bank GB Bank officially launches after receiving its full UK banking license. The Middlesbrough-based GB Bank is now able to go forward with its ambitious plans thanks to the banking license. It has agreed to lend £3 billion over a five-year period.

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AXO ANNOUNCES ACQUISITION OF DEFERO, A LEADING DIGITAL CREDIT-SCORING AND FINANCIAL MANAGEMENT PLATFORM


Axo, a leading distributor of personal finance products in the Nordic region and portfolio company of Corsair, a leading private equity firm targeting payments, software, and business services investments in the financial services sector, today announced that it has acquired Defero, a digital credit-scoring and financial management platform in the Nordic region. The financial terms

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BAAS START-UP UNIT PARTNERS THREAD TO OFFER EMBEDDED BANKING SERVICES


Israeli banking-as-a-service (BaaS) start-up Unit has partnered with Tennessee’s Thread Bank to enable firms to embed banking services — including accounts, cards, payments and lending — into their products using a single platform. “We’ve grown explosively over the last year by helping companies quickly create new revenue streams with customized banking experiences,” “With our partnership

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JACK HENRY & ASSOCIATES TO ACQUIRE PAYRAILZ


Jack Henry & Associates, Inc. announced today that it has entered into a definitive agreement to acquire Payrailz, adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem. Payrailz, a cloud-native, API-first, AI-enabled provider of consumer and commercial digital payment solutions and experiences, is based in Glastonbury, Connecticut. By enabling money