BMO launches Mobile Wallet for Virtual Cards with Mastercard and Extend

BMO pairs the efficiency and security of virtual cards with convenience of contactless payments for Commercial Banking clients in the U.S. and Canada BMO is the first global Mastercard issuer to offer contactless virtual cards through Extend to help clients make real financial progress by strategically leveraging this functionality BMO Commercial Bank clients in the U.S. and Canada now have access to even greater payment management functionality with the launch of Extend for BMO app. The app features new functionality...

Mastercard selects Fluency as its New CBDC Partner

Mastercard, payment solutions, recently announced Fluency as its CBDC partner, as part of plans to capitalise on the growing interest in CBDCs. Fluency’s world-leading deep expertise and innovative technological capabilities will provide a greater understanding of the benefits of CBDCs, and how to implement them in a way that is seamless, secure, scalable and useful in order to drive innovation for Mastercard and its clients as CBDCs continue to evolve. Inga Mullins, CEO at Fluency, said:...

PayPal names Alex Chriss as Next President and CEO

PayPal Holdings, Inc, announced that its Board of Directors has appointed senior Intuit executive, Alex Chriss, as President and CEO, effective September 27, 2023. Chriss will also join the Board on that date. The appointment follows a thorough CEO search process, conducted by the Board over the last number of months, with the mandate to appoint a next generation leader with extensive global payments product, and technology experience, capable of driving growth across the PayPal platform...

Reltime inks agreement with NAGRA

Reltime, an award-winning provider of next-generation Web3 platform and services has announced an agreement with NAGRA, the digital TV division of the Kudelski Group, to enable Super Apps through a non-custodian wallet and digital services for Telecom operators globally. NAGRA is the world’s leading independent provider of content protection and multiscreen solutions for the media and entertainment industry with over 550 customers (serving over 400m subscribers) globally. The NAGRA and Reltime partnership represents a ground-breaking endeavour to...

Fintainium® appoints Chris Tonniges as CEO to drive growth

Fintainium, Inc, a pioneer in the financial technology landscape with its embedded payments platform streamlining AR and AP, takes a significant leap forward in its leadership trajectory. The company is thrilled to announce the appointment of Chris Tonniges, a proven executive in the payments industry as its new CEO. Mr. Tonniges’ appointment as CEO was unanimously approved by the company’s board of directors effective July 26. Chris has been an integral part of Fintainium’s growth journey, contributing...

Rapyd acquires PayU GPO

Combination will unleash first truly integrated payments platform serving the world’s emerging and developed markets. Acquisition accelerates Rapyd’s expansion plans as the global fintech moves towards an IPO. Rapyd, the leading global Fintech-as-a-Service provider, announced the acquisition of PayU Global Payment Organisation (‘GPO’; not including PayU’s India, Turkey and Southeast Asia operations) of Netherlands-based Prosus (AEX:PRX) (XJSE:PRX), a global consumer internet group and one of the largest technology investors in the world. PayU GPO, a...

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