Stripe Tour NYC: 6 Must-Know Updates

Stripe Tour NYC: 6 Must-Know Updates

Hey Payment Fanatic!

Stripe just dropped a series of updates at Stripe Tour NYC, and I’ve got the top 6 right here for you:

Expanded Integrations: Stripe will soon integrate with 12 non-Stripe acquirers, including WorldPay.

Crypto Payments Return: 'Pay with Crypto' is officially back! US businesses can now accept stablecoins like USDC across Ethereum, Solana, and Polygon. This is just the start, with more countries coming soon.

Enhanced Fraud Prevention: Stripe’s Radar can now share its risk scores with other providers.

Multi-Processor Billing: Stripe Billing is adding support for multi-processor transactions. With a $500M revenue run rate, it’s a unicorn of its own!

Non-Stripe Terminal Support: Thanks to a new partnership with FreedomPay, Stripe will now work with existing in-person tech stacks, including third-party POS systems.

New Big Clients: Major players like Nvidia, Cloudflare, and Pepsico are now on board, reinforcing Stripe's status as a payment powerhouse.

What do you think about these updates? Tell me more in the comments.

Cheers,

Marcel


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PAYMENTS NEWS

???? Mastercard accelerates the path toward real-time card payments. Mastercard announced that South Africa will be the first market to experience immediate card payments , enhancing security and speed. Through product innovations and strategic partnerships, Mastercard will enable acquiring banks to process these real-time transactions.

??Who are buy now, pay later borrowers, and what are they buying? As Amazon's Prime Day kicked off the holiday shopping season this week, U.S. consumers are expected to spend a record $18.5 billion using BNPL for purchases in the last quarter of the year, according to projections by data firm Adobe Analytics. Discover everything you need to know in this insightful article

???? Lakeside Bank selects Volante’s PaaS for RTP processing. The technology will assist Lakeside in deploying real-time payment and treasury services through both the RTP system operated by The Clearing House and FedNow, which the Federal Reserve launched in July of last year.

???? MeaWallet and B89 join forces to enhance digital payments with advanced tokenization. Through this partnership, MeaWallet delivers tokenization services that support B89's vision of secure and seamless digital payments, including the integration of MeaWallet's SDK Push Provisioning.

???? FlexFactor raises $16.8M Series A to tackle payments failure. FlexFactor takes a novel approach to rejected payments by covering the cost if a bad one slips through. The company leverages data and AI to reliably predict in real-time whether a payment failure was legitimate or an error.

???? Vodafone, Sumitomo Corporation, and Mastercard team up to advance the economy of things. The new embedded payments technology will launch in the UK and roll out across Europe, enabling autonomous payments between machines in the freight, shipping, fleet and logistics industries.

???? FreedomPay and Stripe team to streamline enterprise payments. Together, the companies will provide enterprises flexibility and modularity , allowing them to add Stripe to an existing set of commerce tools without requiring significant development resources.

???? Banked has acquired Australian payment technology firm Waave. The acquisition positions Banked as a leader in Australia’s Pay by Bank market and enhances its account-to-account payment solutions and supports the shift toward real-time payments in Australia and beyond.

???? UK unicorn Zilch plans to boost headcount by 150 to 450 as says on target for full-year profit. The firm currently has around 300 staff in the UK, but the CEO said Zilch plans to grow its headcount in the next 18 months. Hires will include management roles , data scientists and data engineers.

???? Revolut Business enables UK merchants to accept American Express. The collaboration enables American Express payments via Revolut Gateway, Payment Links, and Tap to Pay on iPhone, with more in-person solutions coming later this year .

???? ClearCourse acquires B2B eCommerce platform GOb2b. The acquisition of GOb2b by ClearCourse enhances their software and payment solutions portfolio, offering integrated eCommerce features like live search, pricing updates, and complex shipping management.?

???? Alipay+ transactions triple in 2024 as travel industry embraces cross-border digital payment and marketing technology. As of October 2024, Alipay+ has over 30 payment partners, including top e-wallets and bank apps, reaching 1.6 billion consumers and connecting them to 90 million merchants across 66 markets.

???? Klarna Director, Mikael Walther, says he was ousted over CEO bonus objection. The Klarna board member said his counterparts voted to oust him after challenging governance decisions, including a bonus plan that could give CEO Sebastian Siemiatkowski up to $???? ??????????????.?


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Nina Martinne

Assistant Director | Experts in cutting Payment processing fees

1 个月

It’s amazing to see the rapid advancements, from real-time card payments with Mastercard to the collaboration between FreedomPay and Stripe for enterprise solutions. Also, the buy now, pay later trend continues to evolve—understanding who’s borrowing and for what is crucial. The acquisition of Waave by Banked in Australia is another interesting move in the global payment landscape. Looking forward to more insights!

Cristian Chavez

Product Leader | Digital payments @ Payway

1 个月

This isn’t good. I don’t believe Afterpay's vision for BNPL was for young adults to accumulate debt just to buy clothes. It’s getting out of control

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Dominic Higgins

Leadership | Fintech | Payments | Regulation | Innovation | Governance

1 个月

There are two key elements here, partnerships and new product innovation. Both are crucial in expanding and scaling a payments business.

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Hamideh Habibi

Business manager/ Social entrepreneur

1 个月

Useful tips

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Akhil Mishra

Daily Tips from a Business Lawyer | ?? IT, SaaS, and Fintech | Building My Legal Firm | Sharing My Learnings from 400+ Successful Projects (And Counting)

1 个月

Thanks a lot for sharing

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