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Open Payments Raises $3.5M In Seed Round

PYMNTS

Open Payments, Open Payments , the Stockholm-based FinTech, has raised a €3M ($3.5M) seed round, according to a report from the magazine EU-Startups. Since its founding in 2017, Open Payments has worked to provide PSD2-compliant API aggregation, allowing for easy, quick integrations with financial institutions.

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Mastercard Buys POS Financing Provider Vyze

PYMNTS

Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. The combination of their platform with our technology and network complements our existing payments programs.”.

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Cashfree Adds Bank Partners For Real-Time Corporate Payouts

PYMNTS

Cashfree, the leading payments program for businesses in India, has announced partnerships with a number of the country’s main banks to strengthen its bulk disbursal program, Payouts. Because of that, he said it was important for money to move as fast as possible to ensure that customers received their payments.

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Codat’s New Product Aims to Replace Checks

Finovate

The Supplier Enablement tool recruits suppliers to accept virtual card payments instead of checks by allowing card issuers to access the right ERP data. Paper checks were invented in 1762, and yet we can’t seem to completely eradicate the antiquated payment technology. Morgan commercial clients. Piloting the launch is J.P.

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Visa Ready Turbo Charges B2B Payments

PYMNTS

In Visa news, the credit card company is hitting back at rival Mastercard with the rollout of a B2B payments program just days after Mastercard announced its own B2B payments tool. Visa offered examples of how its existing partners in the program are deploying its B2B payments tools.

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B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting. In the three years since FIS began this annual report, the number of real-time payments programs more than doubled, researchers noted.

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Mastercard Spotlights Comm Payments Innovation

PYMNTS

Though innovation across the commercial payments landscape is alive and well, there are key issues facing businesses as money moves between buyers and suppliers. From small to large corporates and even governments, the need for liquidity, data, better control and better and more efficient processes in commercial payments remains the same.

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