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Newswire Summaries

Fintech leaders predict growth in contactless, touchless commerce

Tuesday, October 27, 2020 — 14:52:04 (EDT)

October 27, 2020 – Philadelphia, Pennsylvania – With brick and mortar retail, hospitality, sports and entertainment at a standstill, many business leaders, owners, operators, and entrepreneurs are exploring all means to keep their businesses up and running. Merchants are looking to industry leaders for guidance on best practices when it comes to new technologies and the consumer experience. FreedomPay, a global leader in Next Level Commerce™, will be hosting a virtual roundtable discuss...

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Bluefin raises $25 million in growth financing led by Macquarie

Tuesday, October 27, 2020 — 12:41:10 (EDT)

October 27th, 2020 – Atlanta, GA – Bluefin, the leading provider of payment and data security technologies, including PCI-validated point-to-point encryption (P2PE) and ShieldConex® data tokenization, announced $25 million in growth financing led by Macquarie Capital Principal Finance (“Macquarie”), a division of Macquarie Group Limited (ASX: MQG; ADR: MQBKY). Macquarie Group is a global financial services group operating in 31 markets in asset management, retail and business bankin...

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Paya partners with point of need lending provider Artis

Tuesday, October 27, 2020 — 12:34:29 (EDT)

Atlanta, GA – October 27, 2020 – Paya, a leading provider of integrated payment and commerce solutions, has partnered with Artis Technologies, a provider of modern lending solutions for businesses to offer affordable, low-friction financing to their customers at the point of need. Through this partnership, Paya’s payments technology will integrate directly into the Artis Connect and Artis Credit platforms, providing a seamless payment experience for businesses offering real-time consumer f...

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OpenPayd launches InstantFX offering real-time FX

Tuesday, October 27, 2020 — 12:25:57 (EDT)

London, UK, 27th October—OpenPayd, the API-led Banking-as-a-Service provider, today announced the launch of InstantFX, its FX-as-a-Service product that provides clients with real-time trading, putting an end to the need for batch processing. Uniquely, it gives OpenPayd customers the ability to offer automated mid-market spot rates in 18 currencies* delivered either through a web front end or an API for full integration. Clients are able to hold funds in a currency wallet and pay out these c...

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Payment provider Nets Group acquires Polskie ePłatności

Tuesday, October 27, 2020 — 12:16:32 (EDT)

Ballerup, Denmark and Rzeszów, Poland – 26 October 2020. The acquisition of the fast-growing Polish merchant acquirer PePNews Desk by Nets Group, one of Europe's leading payment providers, is now completed as the transaction has been approved by the relevant authorities. PeP has more than 160,000 point-of-sales terminals and offers a wide range of payment solutions with focus on the SME segment which – adding to earlier acquisitions – further expands and strengthens Nets Group’s presenc...

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PayRange files patent infringement lawsuit against KioSoft

Tuesday, October 27, 2020 — 09:35:16 (EDT)

PORTLAND, OR (October 27, 2020) – PayRange Inc., a network for everyday purchases, has filed an additional patent infringement lawsuit against KioSoft. Today’s newly filed lawsuit, involving a recently awarded PayRange patent (U.S. Patent No. 10,719,833), comes as the first patent infringement lawsuit against KioSoft moves towards trial in July 2021. Founded in 2013, PayRange developed the original mobile payment system for non-networked unattended retail machines such as vending, laund...

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Fattmerchant, ServiceTrade power commercial service payments

Tuesday, October 27, 2020 — 09:31:52 (EDT)

ORLANDO, Fla. – Oct. 27, 2020 – Fattmerchant, an integrated payment technology provider, today announces its partnership with ServiceTrade, a leading commercial service management technology provider. Fattmerchant’s Omni Connect solution, which enables software companies to accept payments directly within their platforms, will now give ServiceTrade the abilities of a payment facilitator, without the inherent risk associated with becoming a payfac, and provide its end users and their custom...

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Theta Lake, Lightspeed Venture Partners close $12.7m Series A round

Tuesday, October 27, 2020 — 09:05:42 (EDT)

Santa Barbara, CA—October 27, 2020— Theta Lake, Inc., the recognized leader in modern collaboration security and compliance solutions for Cisco Webex, Microsoft Teams, RingCentral, Zoom and more, today announced that it has raised $12.7 million in Series A funding, bringing the company’s total funding to $20 million. Lightspeed Venture Partners led the round with participation by Cisco Investments, notable angel investors from the enterprise collaboration and security space, and previous i...

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GoCardless puts payments in motion for Brompton's bike SaaS

Tuesday, October 27, 2020 — 08:30:38 (EDT)

LONDON, Oct. 27, 2020 /PRNewswire/ -- Fueling the increasing demand for bikes, GoCardless, a leading fintech for recurring payments, has teamed up with Brompton, designers and makers of the iconic folding bike, to streamline the payments of 'Brompton Bike Hire'. Brompton customers in the UK can now benefit from easy to set-up and manage monthly payments, powered by GoCardless, guaranteeing a seamless experience for both the customer and merchant. Over the last year Brompton has seen an increase...

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LibertyX adds bitcoin-for-cash capability to ATMs nationwide

Monday, October 26, 2020 — 13:51:46 (EDT)

BOSTON, MA - For the past 6 years, LibertyX has worked to build America’s largest and most convenient retail network to buy bitcoin instantly at 5,000 ATMs and 20,000 chain store locations. Today, we are pleased to announce the ability to sell bitcoin and withdraw cash across our network of participating ATMs. With a few clicks in our app and a visit to your neighborhood ATM, consumers can now turn bitcoin into cash in seconds. “With the run-up in the price of bitcoin, consumers are looki...

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