Here are the most common and latest advancements in payment fraud strategies and payment fraud prevention tools for protecting your business.
Category: payments
Fintech, Global IT News, Global Security News, payments, stripe
Stripe CEO says AI startups are growing faster than SaaS ever did and calling them wrappers ‘misses the point’
In its annual letter released Thursday, payments giant Stripe declared that it was “seeing an AI boom” with its data revealing that artificial intelligence startups are growing more rapidly than traditional SaaS companies have historically. In a chart, Stripe showed that the top 100 AI companies (by revenue) were able to achieve $5 million in…
Biotech & Health, Fintech, Fundraising, Global IT News, Global Security News, payments, secondary, stripe
Stripe finalizes tender sale at a $91.5B valuation, says payment volumes grew to $1.4T in 2024
Digital payments platform Stripe has yet to lay out plans to go public, but in the meantime the company has thrown past and present employees a line for some liquidity. The company on Thursday confirmed a tender offer where investors will buy up shares from those employees at a valuation of $91.5 billion. Stripe said…
Africa, Exclusive, Fintech, freelancers, Global Security News, payments, QED Investors, raenest, Startups
QED leads $11M investment in Nigerian fintech Raenest
As Africa’s tech ecosystem booms, more local talent is landing remote jobs with Big Tech firms and global startups. But getting paid remains a challenge for many of these freelancers and remote workers. They struggle to open accounts that accept US dollars, with foreign employers using incompatible payment platforms, and face slow invoicing and payment…
Elon Musk, Fintech, Global IT News, Global Security News, payments, Twitter, visa
X announces a partnership with Visa to power X Money’s wallet
Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product. The company will use Visa Direct, which is Visa’s solution for real-time money transfers, to load money into X Money’s wallet, connect to a debit card for paying other users, and transfer money back to…
cross-border payments, Fintech, Global IT News, Global Security News, nomupay, payments, wirecard
Nomupay raises $37M on a $200M valuation to build payment rails in underserved markets across Asia
Wirecard, a German fintech that raised hundreds of millions of dollars only to collapse in 2020 in a sea of scandal and insolvency, still makes headlines today as lawsuits continue against different entities and people once connected to the business. Meanwhile, a Dublin-based startup called Nomupay that was formed in 2023 out of some of…
Fintech, Fundraising, Global IT News, Global Security News, payments, volume
While some account-to-account payments players falter, Volume raises fresh cash
Online merchants can usually pay up to 8% of every sale on an item to companies like PayPal, Apple Pay, and Stripe — and those costs are usually passed to consumers. So-called ‘account-to-account’ or ‘A2A’ payments can cut transaction fees to below 1%, saving merchants and consumers quite a bit of cash. The difficulty has been…