Banking
PSR names David Geale as new interim managing director after Chris Hemsley steps down
PSR Leadership Transition:Outgoing Managing Director:Chris Hemsley to step down on 7 June after five years as managing director.
Hemsley will join Fingleton,...
Banking
CSG acquires Florida-based paytech iCG Pay in $17m deal
Acquisition Overview:CSG, a Colorado-based provider of customer engagement, revenue management, and payments solutions, acquired iCheckGateway.com (iCG Pay) for an initial $17 million.
...
Banking
Banque Raiffeisen selects Worldline for cloud-based instant payments solution
Partnership Announcement:Banque Raiffeisen, Luxembourg's sole cooperative bank, partners with French paytech Worldline.
Banque Raiffeisen becomes Worldline's first Luxembourg-based client for instant payments....
AI
US fintech Solutions by Text lands $110m in growth financing
Funding Announcement:Solutions by Text (SBT) secured $110 million in growth financing.
The round was co-led by StepStone Group and Edison Partners.
Stifel...
Banking
Spanish paytech PayRetailers acquires Transfeera to drive Brazilian expansion
Acquisition Announcement: PayRetailers is set to acquire Transfeera, a Brazilian payment processing and bank data validation platform.
Operational Continuity: Transfeera will continue to...
Banking
Former Stripe exec Gang Wang joins Nuvei as CTO
Company: Nuvei, a Canadian payments processor.
New Hire: Gang Wang, former head of payment methods at Stripe, was appointed as CTO.
Previous CTO:...
Banking
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB).
Decision: Designates buy now, pay later (BNPL) firms as credit card providers.
Reasoning: BNPL...
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