Search Results for "Tap"
14 results for "Tap"
Deals 13
Capital On Tap Closes £500M Securitization for SME Credit Cards
Capital On Tap closed a £500 million asset-backed securitization dubbed 'London Cards 3' to fund its small business credit card operations. The deal provides long-term, scalable funding for the fintech's embedded credit products amid tightening lending conditions.
TAPCO Credit Union Launches Cloud-Native Digital Banking with Lumin Digital
TAPCO Credit Union launched its new digital banking platform powered by Lumin Digital on December 16, 2024. The cloud-native solution features enhanced debit/credit card tools, business banking, payments integration, and fraud detection. The launch demonstrates growing credit union adoption of modern digital banking infrastructure.
Customers Bank Partners with Funding Circle for Lending-as-a-Service Platform
Customers Bank tapped Funding Circle to power a Lending-as-a-Service platform, announced November 14, 2023. The partnership enables Customers Bank to leverage Funding Circle's technology for embedded lending. This represents a bank-fintech collaboration to offer scalable lending infrastructure.
PayPal Launches Tap to Pay on Android for U.S. Merchants
PayPal launched Tap to Pay on Android for U.S. merchants through its Venmo and Zettle apps, enabling contactless payment acceptance without additional hardware. This embedded finance capability allows merchants to turn Android phones into payment terminals. The launch followed PayPal's earlier iOS support and trailed competitors Stripe and Square.
Tap Provides White-Label Mastercard Solution to Crypto Exchange Bitfinex
Tap delivered a white-label Mastercard-powered prepaid card solution to Bitfinex, enabling the crypto exchange to offer branded payment cards to its users. The partnership demonstrates how card-issuing-as-a-service platforms enable crypto companies to embed traditional payment products. It highlights growing convergence between crypto platforms and embedded finance.
KeyBank Taps Qolo for Virtual Accounts and Digital Payments
KeyBank partnered with fintech infrastructure provider Qolo to offer virtual accounts and digital payments solutions. The partnership enables KeyBank to leverage Qolo's modern payment and account infrastructure. This represents a bank-fintech partnership model central to embedded finance and BaaS.
Central Payments Launches Six Fintech Partners on Open*CP BaaS Marketplace
Central Payments launched financial technology products for six fintech partners—Kinly, Wellthi, Soon, DraftFuel, Fourth, and Tapcheck—via its Open*CP Fintech API Marketplace. The platform provides BaaS capabilities including prepaid card issuing and payments technology. This enables embedded finance solutions such as Kinly's digital banking app and Fourth's early wage access in payroll systems.
WebBank Partners with Capital on Tap to Launch SMB Credit Card
WebBank, a US sponsor bank, partnered with UK digital lender Capital on Tap to launch an SMB credit card product. WebBank serves as the issuer and lender while Capital on Tap provides the technology platform for delivery. The partnership exemplifies the sponsor bank model enabling fintechs to offer lending products without state-by-state licensing.
Paynetics and phyre Launch Digital Wallet for Bulgarian American Credit Bank
Paynetics and phyre launched the B@CB Pay digital wallet platform for Bulgarian American Credit Bank (BACB). The platform supports Tap to Pay, P2P transactions, and bank transfers, with planned additions including lending and business accounts. This represents an embedded finance partnership enabling a traditional bank to offer modern digital wallet capabilities.
Mastercard Partners with Tappy Technologies for Payment-Enabled Wearables
Mastercard partnered with Tappy Technologies to embed contactless payment chips into fashion wearables and accessories. Using Mastercard's tokenization technology, consumers can make purchases at any Mastercard-accepting merchant directly from payment-enabled watches and accessories.
Lloyds Banking Group Taps Thought Machine for Cloud Core Banking Migration
Lloyds Banking Group announced plans to migrate customers from its legacy Intelligent Finance division to Thought Machine's cloud-based core banking platform. The move addresses growing risks from mainframe skills shortages and legacy IT dependencies. This partnership signals a major UK high-street bank's commitment to cloud-native core banking infrastructure powered by a fintech provider.
OnDeck Taps Bank Veteran to Lead ODX Sales and Strategy
OnDeck hired a bank veteran to lead sales and strategy for ODX, its bank-facing lending-as-a-service platform. ODX enables banks to offer small business lending powered by OnDeck's technology and underwriting. This move signaled OnDeck's deepening commitment to embedded lending through bank partnerships.
USAA Taps StreetShares for Small Business Lending Pilot
USAA launched a limited-time pilot with veteran-focused fintech StreetShares to offer small business lending to its members. The partnership addresses unmet demand among USAA's member base for small business financial products. It represents a bank-fintech collaboration where a large financial institution embeds a fintech's lending capabilities for its customer base.