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Mastercard & ACI Worldwide Announce Payments Infrastructure Collab

BusinessWireFebruary 23, 20218 min
Modernizing Peru’s real-time payments infrastructure is Mastercard and ACI’s first partnership project since the announcement of their alliance to develop real-time payment solutions around the world Mastercard’s Instant Payment Service will allow for the processing of 24/7 real-time payments using the ISO 20022 standard as a managed service, enabling banks to develop new use cases for customers ACI is helping financial institutions in Peru manage the transition to the new ISO 20022 standard by offering...

Scalapay Raises $48M to Give Merchants a Single Payment Solution

PRNewswireFebruary 1, 20217 min
Scalapay, a third-party payment solution that enables customers to buy now and pay later (BNPL) without interest, today announced that it has raised a $48M US ($40M Euros) seed round led by Fasanara Capital that also included Baleen Capital, and Italian Family Office Ithaca Investments. Scalapay breaks up payments into three easy installments with zero interest, helping merchants grow sales, acquire new customers, and provide a better experience to existing customers. “Scalapay recently signed a partnership with Raisin Bank,...

Fintech Company Obligo Raises $15.5M in Series A

PRNewswireNovember 19, 20205 min
Fintech company Obligo today announced a $15.5 million Series A funding round from investors including 83North, 10D, Entrée Capital, Viola Credit, and other strategic real estate investors. The funding will enable Obligo to roll out its deposit-free technology to millions of homes across the U.S. Obligo enables tenants to rent an apartment without a security deposit. Instead of paying a deposit or buying deposit insurance, renters submit a payment method for pre-authorization, similar to a hotel check-in process. If the...

Lending Arm Ally Expands Financing Into Retail

PRNewswireAugust 25, 20205 min
Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc. (NYSE: ALLY), today announced its partnership with Vyze, Mastercard’s leading alternative financing platform for retailers. Ally’s entrance into point-of-sale retail financing builds on its deep experience and rapidly growing footprint in healthcare and home improvement lending. Ally Lending will serve as the first installment loan lender on the Vyze platform, giving thousands of retail merchants access to a financially stable lender for higher-ticket...
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