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Hey Payments Fanatic! Worldpay is making a major move in AI-driven fraud prevention with its acquisition of Ravelin, a London-based fraud prevention platform. This deal enhances Worldpay’s portfolio, equipping merchants with cutting-edge AI tools to combat fraud and drive e-commerce growth. Charles Drucker, CEO of Worldpay, emphasized the importance

Hey Payments Fanatic! CloudWalk, the Brazilian payments firm, saw its profits skyrocket in 2024, fueled by AI-driven automation. The company posted a net income of $63 million on $497 million in revenue, with AI “agents” handling customer service, sales, and back-office operations. With 3 million clients and revenue per employee

Hey Payments Fanatic! Adyen has selected Yapily to expand its Open Banking services across Europe, focusing on streamlining merchant onboarding and account verification processes. The integration will utilize Yapily's API to enhance financial data connectivity. Stefano Vaccino, CEO of Yapily, stated: "Merchant onboarding and account verification are

Hey Payments Fanatic! NAB and Amazon have teamed up to launch PayTo, a payment option that lets customers pay directly from their bank accounts—no more entering card details. With PayTo, shoppers can securely authorize payments through their online banking and use it for one-off or recurring purchases with just

Hey Payments Fanatic! Clip Money and Green Dot have announced a partnership that will expand Clip Money's deposit network by 4,000 retail locations across the U.S. The collaboration enables businesses to make over-the-counter cash deposits at major retailers including Walmart, Walgreens, and CVS. Joseph Arrage, CEO

Hey Payments Fanatic! Brazil’s instant payment system, Pix, is gearing up for a major expansion with the upcoming launch of Pix Automático, a recurring payments feature set to debut in June. This innovation is expected to drive $30 billion in eCommerce payments over the next two years, making seamless,

Hey Payments Fanatic! X, Elon Musk's social media platform, is entering the payments space through a partnership with Visa to launch X Money Account, a digital wallet and peer-to-peer payments service. Linda Yaccarino, CEO of X, announced this as the "first of many big announcements about X