Paddle, a merchant of record (MoR) for digital product companies, has raised $25 million. The funding round, led by CIBC Innovation Banking, will help finance Paddle’s ongoing global expansion and product growth. As an MoR, Paddle handles payments, sales tax, refunds, fraud, and compliance for more than 6,000 Software-as-a-Service (SaaS), AI and App companies, “replacing the need for a complex and fragmented payment technology stack.” The company says it helps those businesses scale faster by lowering operational hurdles and helping them enter new markets faster. “In an ever-connected world, it’s important that digital product companies can receive payment from customers in any location without the hassle of navigating multiple payment processes in different geographies,” Sean Duffy, managing director of CIBC Innovation Banking, U.K. and Europe, said. The funding comes at a pivotal moment for the company, with Paddle experiencing rapid growth in 2025 thanks to both the growth in new AI products, and the opening up of Apple’s app ecosystem to web payments.
PayPal-Venmo adds scam detection to friends and family payments scams that originate on social media with alerts can learn and adapt to scam tactics as they evolve
PayPal has introduced a scam prevention tool for PayPal and Venmo Friends and Family payments. Designed to proactively alert customers to potential scams and prevent losses in real-time, the alerts intervene when it matters most — before any funds are sent. “As scammers attempt to coerce people into sending payments that may not be eligible for refunds, including scams that originate on social media, we believe putting more information directly into customers’ hands will empower them to help stop scams in their tracks.” The system was designed to provide fraud mitigation and an improved user experience. The alerts appear when the system detects a possible scam, sharing information about the likelihood of fraud at the point of payments. The alerts can learn and adapt to scam tactics as they evolve, employing AI models that analyze billions of data points and update when patterns change. “This means our system can help more quickly detect a potential new scam, even if we have never seen that specific scam before,” PayPal said.
ACH Same Day payments volume rises 15% during the second quarter compared to last year to 336.4 million; payments value increases 22% on year-on-year basis to $980.3 billion
The ACH Network says it has seen “significant” gains in same-day payments since last year. Those transactions were up 15% during the second quarter compared to last year, helping drive overall growth of 5%. “The continued robust growth of Same Day ACH shows how it is serving payments use cases for consumers, businesses, government agencies and other organizations,” Jane Larimer, president and CEO of Nacha, which operates the ACH network, said. In all, ACH Network growth continued during the quarter, with 8.7 billion payments valued at $23.3 trillion, respective increases of 5% and 7.9% year over year. The network saw 336.4 million same-day payments, moving $980.3 billion in value, up 15% and 22% respectively. During the first half of this year, Same Day ACH handled 662.4 million payments valued at almost $1.9 trillion. “Business-to-business ACH volume grew apace, with more than 2 billion payments, up 10.6% from the same period in 2024.” “Claim payments to healthcare providers grew by 9.9% to 138.2 million payments.”
Clover’s solution for SMB healthcare providers streamlines the payment journey from end to end by offering financing options, recurring billing, text-to-pay, QR codes, and online payment portals through a unified platform
Clover has announced Clover PracticePay™, an all-in-one payments platform designed specifically to support small and medium-sized healthcare providers. Developed in partnership with Rectangle Health, Clover PracticePay™ simplifies the way healthcare practices manage payments and enhance practice efficiencies, offering the digital tools that providers and patients expect. Powered by Rectangle Health’s trusted Practice Management Bridge® technology and Clover’s hardware and value-added services, the Clover PracticePay™ solution is designed to comply with HIPAA and PCI requirements and enables providers to streamline the payment journey from end to end. Key features include financing options, recurring billing, text-to-pay, QR codes, and online payment portals, all available through a branded Clover dashboard that works alongside a provider’s practice management software. Clover PracticePay™ will provide a powerful tool for a wide range of providers, including primary care, dental services, behavioral health, and more. The solution is slated to launch in early 2026.
WEX’s AI tool helps people get faster reimbursements from their flexible spending accounts (FSAs) by automating steps like checking receipts, pre-filling claim forms, approving eligible claims for reimbursement and verifying documents in real-time
WEX has debuted a tool designed to help people get faster reimbursements from their flexible spending accounts (FSAs). The AI-powered tool is designed to reduce busywork by automating steps like checking receipts, pre-filling claim forms and approving eligible claims for reimbursement. By building smarter tools that automate the most frustrating parts of the process, we’re helping our partners offer a faster, more modern experience without adding extra burden to their teams. The tool includes document verification that informs consumers in real time when information is missing, as well as smart form completion that pre-fills key fields to cut down on manual errors. This new claims tool tackles the most common reasons for denials, like missing documentation or ineligible expenses and gives users a more predictable, seamless experience from start to finish
PairSoft’s partnership with Finexio to enable finance teams to embed fully managed AP payments solution for 100% of supplier payments, including end-to-end payment execution, AI-powered supplier enablement, and payment fraud protection into ERP systems
Procure-to-pay automation and AI solutions provider PairSoft, and Finexio, the embedded payments solution for accounts payable (AP), have renewed their strategic partnership. The continued collaboration ensures PairSoft customers can benefit from the latest fully managed, intelligent AP payments solutions designed to optimize operational efficiency, increase digital payment yield, and reduce fraud risk. Finexio uniquely delivers an all-in-one managed service for 100% of supplier payments, including end-to-end payment execution, AI-powered supplier enablement, and industry-leading payment fraud protection. Finexio’s API integration with PairSoft’s AP automation suite is further strengthened by PairSoft’s native connections to leading ERP systems—including Oracle NetSuite, Microsoft Dynamics, Sage Intacct, and Blackbaud—enabling finance teams to digitize payment workflows within their existing technology. Through this renewed partnership, PairSoft customers will continue to benefit from Finexio’s advanced supplier development capabilities and payment technologies, resulting in greater supplier engagement and improved AP payment performance.
New partnerships drive24% year-over-year growth in Wise’s cross-border volume to $55.2 billion and 17% rise in in active customers to 9.8 million
Cross-border payments platform Wise saw year-over-year increases of 24% in cross-border volume and 17% in active customers as it continued to add new partnerships. With these gains made during the first quarter of the company’s fiscal year 2026, Wise’s cross-border volume reached 41.2 billion pounds (about $55.2 billion), and its number of active customers reached 9.8 million. The company’s cross-border take rate declined by 12 bps year over year, from 0.64% to 0.52%, which Wise attributed to a reduction in its average price and an increase in the proportion of higher-volume customers. Wise’s underlying income for the quarter saw a year-over-year increase of 11% on a reported basis and 14% on a constant currency basis, lifting it to 362 million pounds. The medium-term guidance for growth in underlying income is 15% to 20% on a constant currency basis. Highlighting recent moves made by Wise, co-founder and CEO Kristo Käärmann said the company launched Wise Business in the Philippines, continued to add Wise Platform partners, and announced partnerships with Raiffeisen Bank and UniCredit to power instant international transfers for their consumer and business customers in Europe.
Payments optimization is crucial as report says almost all cross-border shoppers want to pay with local currency
Payments Optimization: Powering Global eCommerce Growth,” reveals that despite widespread digital adoption, cross-border payments still pose significant challenges for merchants. The report highlights that not all merchants prioritize shopper convenience in international transactions, but optimizing these digital payment experiences is crucial for maximizing global sales and meeting consumers’ evolving expectations. Key obstacles include consumer concerns over long delivery times, fear of fraud, difficulties with returns, and unexpected high transaction fees, which negatively impact conversion rates. The report emphasizes the importance of local payment experiences, as nearly all cross-border shoppers expect to pay using their preferred, customary methods and 94% in local currencies. Digital payments are rapidly becoming the cornerstone of global eCommerce, with digital wallets, account-to-account transfers, and buy now, pay later solutions accounting for 79% of global eCommerce value by 2030. One-click checkout is a powerful tool for optimizing online transactions, with 84% of shoppers considering it an important factor when deciding where to shop. The report emphasizes that optimization is an ongoing process that requires continuous attention to digital payment acceptance, transparent communication, and efficient delivery and return mechanisms. The integration of advanced fraud solutions, often powered by artificial intelligence and machine learning, is essential for securing transactions and building trust. The report concludes that payments are no longer just a commodity but a critical competitive differentiator for businesses expanding globally.
Verifone’s integration of next-gen OS-agnostic Victa devices with Deluxe Payments Platform to enable ISVs to deliver touchless, secure and friction-free in-store payments experiences to merchants through seamless integration into their existing POS environments
Verifone is expanding its partnership with Deluxe, a trusted payments and data company. As part of this collaboration, Verifone’s next-gen Victa devices will integrate seamlessly with the Deluxe Payments Platform, empowering Deluxe and their independent software vendors (ISVs) to deliver fast, secure and modern in-store payments experiences to merchants: Touchless, flexible and friction-free in-store payments experiences: The seamless integration of Verifone’s durable, high-performance devices with the Deluxe Payments Platform enables fast, flexible in-store payments wherever business happens. From Verifone’s biometric face and palm authentication to mobile and countertop solutions, merchants can deliver frictionless, touchless checkout experiences tailored to in-store shoppers. A scalable device suite that fits seamlessly into your current tech stack: Merchants can meet demands with rugged, mobile, and OS-agnostic Verifone devices that integrate effortlessly into existing POS environments. With flexible options like SoftPOS and payment puck add-ons, providers can scale quickly and cost-effectively to bring modern payment experiences to market without replacing core infrastructure. Payment solutions that prioritize security and sustainability: Verifone Victa devices meet the highest security standards — PCI PTS 6.x approved and engineered for future PCI 7.x compliance — combining industry-leading protection with remote anti-skimming detection to help prevent fraud. But the Verifone Victa line is not just built for security protection – it’s also built responsibly. Designed with sustainability at the core, Victa devices are on track to use 60% recycled plastic by 2026 and already ship in packaging free of single-use plastics.
Runa Shop enables launching a fully-branded, modern gift card marketplace built to scale—no coding required with mobile-optimized storefronts for easy, on-the-go purchases
Runa has unveiled Runa Shop, a white-label commerce solution that makes launching gift card marketplaces fast and simple. In only 24 hours, businesses can leverage Runa Shop to launch a fully-branded, modern gift card marketplace built to scale—no coding required. Featuring more than 5,000 popular merchant options, Runa Shop offers multiple use cases spanning from building customer and employee engagement to boosting sales and revenue. For incentive, rewards and cashback programs building or refreshing their storefronts, Runa Shop drives conversions with real-time cashback and intelligent marketing capabilities. Businesses can also tap Runa Shop to transform and strengthen employee relationships through rewards that resonate and increase engagement. Runa Shop also creates a direct revenue stream for brands selling their own gift cards. Additional key features made possible through Runa Shop include: Mobile-optimized storefronts for easy, on-the-go purchases. Customers can shop anytime, anywhere, with zero friction. Purchases may include multiple cards and denominations in a single, smooth transaction. Hassle-free payments. Runa Shop offers this seamless checkout on a global scale via payment options such as credit, debit, PayPal, Apple Pay and Google Pay. Currency support is available in USD, GBP, EUR, CAD, and more. Personalized and expansive shopping experiences. Runa Shop puts the right gift in the right hands through intelligent, cart suggestions that inspire last minute add-ons. These tailored add-on suggestions turn passive browsing into action—driving basket value and higher revenue. Customizable product categories make it easy for each user to explore, discover and purchase gift cards that matter to them. Promotions that perform. Through data-informed retargeting at checkout, Runa Shop intelligently predicts customer behavior to boost conversions through targeted marketing campaigns. With access to real-time performance insights, businesses can ensure marketplaces are optimized and competitive.