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ACI Worldwide, Mastercard Join Together To Ramp Up Real-Time Payments

PYMNTS

Mastercard and ACI Worldwide are teaming up to “provide a wide range of real-time payment solutions globally.” This will address the opportunity created as the “account-to-account payments market continues to quickly expand,” a press release said on Tuesday (Sept. ACI is a payment-systems company headquartered in Naples, Fla.

Payments 248
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Financial Technology Company Cross River Raises $100 Million In Funding

PYMNTS

Cross River, a provider of banking services for financial technology companies, has raised about $100 million in a funding round, according to a report by the company. Other companies involved in the fundraising round are CreditEase and Lion Tree Partners, Battery Ventures, Andreessen Horowitz and Ribbit Capital.

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How FinTechs Help Companies Optimize Their Payments Acceptance Costs

PYMNTS

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Big online eCommerce, gig economy or other merchants “tend to have a lot of different payment services that they use,” he told PYMNTS in an interview.

Company 209
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Quona Capital Raises $203M For FinTech-Boosting Fund

PYMNTS

Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia.

Capital 141
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SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit

PYMNTS

Alcanza Capital and Bontu. As SoftBank’s Latin America fund is one of the leading technology investors in the world, the equity infusion will give AlphaCredit the opportunity to “consolidate its place as one of the leading financial technology platforms” in the region, a press release says.

Fintech 247
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FinTechs Take On Payment Rail Status Quo

PYMNTS

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. Sila Raises Funding to Nix ACH. The company recently announced $7.7

Fintech 209
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The legacy clock is ticking

Chris Skinner

He is also one of the Top 5 most influential people on BankInfoSecurity’s list of information security leaders, as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal. BRR: How critical are the capital requirements? We are seeing big changes to encourage innovation.