Author Archives: Finextra

PayPal lets users instantly transfer funds to bank accounts

This post was originally published on this sitePayPal is rolling out an Instant Transfer feature in the US, allowing consumers, and soon businesses, to instantly move money that they receive via the service into their bank accounts. Instant Transfers is being rolled out to US consumers now, with businesses to get access in the coming…..

Jack Henry hits faster payments milestone

This post was originally published on this siteJack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. The organization today announced that it is in active onboarding with the Zelle Network® to launch JHA PayCenter™, a proprietary payments hub that provides…..

BNL's Axepta enables WeChat Pay in Italy

This post was originally published on this siteAXEPTA – BNL Group company dedicated to payments – is the first Italian player to launch the WeChat Pay payment service at its affiliated clients. AXEPTA has developed a system that, thanks to the technology platform provided by SIA, allows merchants to accept payments made via WeChat App……

PayPal to invest $750m in Argentinian e-commerce giant MercadoLibre

This post was originally published on this sitePayPal has agreed to invest $750 million in MercadoLibre as part of a $1.85 billion equity offering designed to help the Argentinian e-commerce firm cement its position as the Amazon of Latin America. PayPal will make its investment through the purchase of common stock in Nasdaq-listed MercadoLibre. Meanwhile,…..