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08.14.17

Geoswift, UnionPay and Western Union Vie for Chinese International Tuition Payments with Amazon Promotion

As students gear up for back to school, the competition for international tuition payments continues to heat up. Geoswift, UnionPay International and Western Union Business Solutions are offering Amazon gift cards to Chinese students studying in 14 countries that use their service for cross-border tuition payments.

08.14.17

Morgan Stanley’s Diversity-Focused Innovation Lab Welcomes First Five Startups

Morgan Stanley’s new innovation lab, which aims to support multiculturalism and diversity in financial services, has onboarded five startups for its three-month accelerator program.

08.14.17

The Buzz: Green Dot Grows, FIS Partners with Lowe’s, More

See what your payments colleagues and competitors are reading on Paybefore.com, including the latest earnings updates and partnerships shaping the industry.

08.11.17

Coinbase Joins Unicorn Club with $100 Million Funding, Partners with Fidelity

Digital currency wallet Coinbase has taken the leap to become a unicorn. The San Francisco-based company, which was one of the first to receive a BitLicense in New York, has received $100 million in Series D funding led by IVP.

08.11.17

Barclaycard Tests Alipay in Eight U.K. Retail Stores

Barclaycard is launching a pilot that enables merchants to accept in-store Alipay transactions in the U.K., where Chinese tourists are expected to spend more than £1 billion (US$1.3 billion) in 2017.

08.11.17

On the Wire: Commerce.Innovated. Welcomes New Startup Class; UPS Enters B2B Payments with Payoneer, SIX Buys Aduno SA

A snapshot of payments-related press releases, includes news of yet another acquisition, a B2B payments partnership for UPS and Payoneer, a new class of startups for the Silicon Valley Bank/First Data accelerator and more.

08.10.17

Lowe’s Rolls out FIS BizNow Prepaid Solution for Small Businesses

Home improvement chain Lowe’s has a new payments tool in its toolbox to help small businesses, contractors and construction professionals—a prepaid card and companion mobile app to manage business expenses.

08.10.17

PayPal to Buy Swift Financial to Boost SMB Lending

After a spate of recent partnership announcements to expand its acceptance network and P2P reach, PayPal is buying Swift Financial to boost its small business lending division. 

08.09.17

Green Dot Reports Net Income Jump in Q2, Touts Fintech Deals, Acquires Secured Credit Portfolio

Green Dot Corp. reported strong numbers for the quarter ended June 30, 2017, including a 140 percent increase in GAAP net income to $19.3 million, up from $8.0 million over Q2 2016.

08.09.17

NBPCA Requests More Changes, More Time to Comply with CFPB’s Prepaid Accounts Rule

The Network Branded Prepaid Card Association submitted its comment letter to the CFPB on the bureau’s proposed changes to the final prepaid accounts rule on Aug. 4. The trade group is calling for additional revisions to the rule as well as an extended implementation period.