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On the Wire


CFPB Announces First No-Action Letter to Upstart Network

The CFPB today announced a no-action letter issued to Upstart Network Inc., a company that uses alternative data in making credit and pricing decisions.


Silicon Valley Bank and First Data Welcome Class 6 of Commerce.Innovated.

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, and First Data, a global leader in commerce-enabling technology, have selected four startups to participate in Class 6 of Commerce.Innovated., an accelerator designed to help commerce, payments and fintech companies grow their businesses.


UPS Capital Announces Cross-Border Secure Payments Service for B2B Transactions

UPS Capital, a subsidiary of UPS (NYSE:UPS), announced the launch of a new online business-to-business payment service powered by Payoneer, a leading cross-border payments company.


Founders Federal Credit Union Renews Agreement for Credit and Debit Processing With PSCU through 2021

Founders Federal Credit Union, one of the nation’s largest credit unions, has signed a renewal agreement for credit and debit card processing services with PSCU, the CUSO announced today.


SIX Payment Services Takes over the Acquiring and Terminal Business of Aduno Group

SIX Payment Services Ltd is purchasing Aduno Group’s acquiring and terminal business to propel its growth and consolidate its position over the long term as the leading provider of card-based payment services in Switzerland and Europe.


On the Wire: Alipay Partners with Payworks to Expand European Acceptance

Alipay partners with Payworks to help Europe’s largest Acquirers and payment providers to enable their over 520 million Alipay users to shop at retailers across Europe.


On the Wire: allpay Limited Appointed City of Edinburgh Council’s Prepaid Card Supplier

allpay Limited has been awarded the role as City of Edinburgh Council’s prepaid card supplier, following a competitive tender. The cards enable residents who receive a Direct Payment to purchase services identified within their care plan.


On the Wire: Mastercard and PayPal Expand Partnership in Asia-Pacific to Spur Mobile and Digital Commerce

Mastercard and PayPal announced an extension of their partnership into Asia-Pacific to enhance the consumer experience and make Mastercard a clear payment option within PayPal.


On the Wire: Flywire Drives Cross-Border Leasing Payment Solution for Volvo Car Financial Services

Flywire and Volvo Car USA announced an agreement to support international receivables for Volvo’s U.S. sales organization including a new program at Volvo that makes it easier for international students attending schools in the U.S. to lease and pay for vehicles.


On the Wire: InComm Launches OTC App; First Data Takes B2B Gifting Online; EML’s Virtual Payments Deal

From mobile apps and virtual payments to B2B incentives and fulfillment, keep tabs on the latest launches and partnerships from InComm, First Data, EML Payments Limited and National Gift Card Corp.