Wise Seeks HMRC Settlement After Tax-Statement Errors Hit 4,000 Customers
Wise says third-party software produced incorrect tax statements for about 4,000 UK investment customers. The company is correcting records and discussing redress with HMRC.
Category: Company News
Chime’s $590 Million Stride Deal Puts Bank Ownership and Debit Economics Under Review
Chime plans to buy longtime sponsor Stride Bank, bringing a national charter and bank oversight inside the fintech while aiming to remain below the $10 billion asset threshold.
Stripe-Advent Group Reportedly Ends $53 Billion PayPal Pursuit
Stripe and Advent reportedly abandoned their pursuit of PayPal after a $53 billion approach. The end of the talks removes an immediate concentration test but leaves PayPal’s strategy under scrutiny.
Ingenico Secures €150 Million as Capital Reset Leaves Key Terms Undisclosed
Ingenico has agreed a €150 million investment led by PIMCO, but disclosed little about how its capital reset will affect debt, ownership or creditor claims.
Visa’s $2.4 Billion BioCatch Deal Expands Its Role in Fraud Decisions
Visa’s agreement to buy BioCatch would bring behavioral-biometrics intelligence into a global payments group, widening both its fraud capabilities and control responsibilities.
Reported Stripe-Advent PayPal Offer Puts Payments Concentration in Focus
Stripe and Advent reportedly offered more than $53 billion for PayPal. The still-unconfirmed approach would combine major merchant and consumer payment franchises.
Fiserv’s CardFree Buy Extends Clover Deeper Into Hospitality
Fiserv’s CardFree acquisition adds ordering, loyalty and hospitality software to Clover, widening both its merchant reach and its operational responsibility.
Adyen Resets Growth Expectations as Tariffs Hit Merchant Volumes
Adyen said a 2025 growth acceleration had become unlikely as tariffs and weaker merchant volumes exposed the processor’s sensitivity to customer trading conditions.
Stripe’s Orum Deal Adds Real-Time Payment Infrastructure
Stripe agreed to acquire Orum, adding technology for FedNow, RTP, ACH, wires, bank-account verification and instant payouts to its expanding payments stack.
Mastercard’s Vocalink Fined £11.9M Over UK Payments-Control Failures
The Bank of England imposed its first financial-market-infrastructure fine after finding that Mastercard-owned Vocalink failed to complete required controls remediation on time. The sanction puts governance, not an outage, at the center of payments resilience.
Visa and ICBA Payments Renew Card Partnership, Plan Visa Direct Access
Visa and ICBA Payments renewed a four-decade relationship supporting community-bank card programs and said they plan to streamline access to Visa Direct.