Latest news with #Worldpay
Yahoo
3 days ago
- Business
- Yahoo
Exodus taps Worldpay to enable crypto purchase using cards
Self-custodial wallet provider Exodus has announced the launch of a new feature XOPay, in partnership with paytech company Worldpay. XOPay is a feature that permits consumers to buy cryptocurrencies within the self-custodial wallet using credit or debit cards. Worldpay will facilitate a native checkout experience for users. Set up in 2015 and based in Omaha, Exodus has offered a secure platform for individuals to store digital assets away from exchanges. The firm's user base, now at over five million, can use their preferred payment cards to purchase digital currencies directly within their Exodus wallet. This move aims to streamline the cryptocurrency acquisition process, enabling users to natively purchase and retain digital currencies within a single platform. Furthermore, Exodus will leverage Worldpay's flagship fraud detection system, FraudSight, to enhance security and transaction authorisation rates. At present, the card purchase functionality is accessible to Exodus customers in the US, with intentions to broaden the service to other regions in the forthcoming months. Worldpay fintech growth and financial partnerships head Nabil Manji said: 'Worldpay's card payments capabilities for crypto purchases have been making it easier for consumers to buy their favourite assets for more than a decade, and companies like Exodus are working to empower consumers to protect their assets through self-custody. 'Meanwhile, Exodus's customers will enjoy even easier ways to buy Bitcoin and other cryptocurrencies directly within their own wallets.' Exodus CEO JP Richardson stated: 'Our number one focus is on delivering the best customer experience in the market, which is why we wanted to work with Worldpay to bring this critical feature to our platform. 'We couldn't be happier to be the first self-custodial wallet to enable native card payments directly embedded in our platform by working with Worldpay.' Recently, Worldpay collaborated with BVNK to provide stablecoin payout services to Worldpay's global clientele. "Exodus taps Worldpay to enable crypto purchase using cards " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
FF News
3 days ago
- Business
- FF News
Worldpay and Exodus Team Up: Pioneering Native Card Payments for Self-Custodial Crypto Wallets
Worldpay ® has been a leader in making the purchase of digital currencies more accessible to consumers for more than 10 years and has now been selected by self-custodial wallet* provider, Exodus, to bring a native checkout experience to its users. As a result of this collaboration, Exodus is launching XOPay, a first of its kind solution which allows consumers to purchase cryptocurrencies directly within a self-custodial wallet using a credit or debit card. 'Part of making the world of cryptocurrencies and digital assets more accessible to people everywhere is also ensuring the process is simple, secure and as frictionless as possible, which is why we are excited about this work with Exodus,' said Nabil Manji, head of fintech growth and financial partnerships at Worldpay . 'Worldpay's card payments capabilities for crypto purchases have been making it easier for consumers to buy their favorite assets for more than a decade, and companies like Exodus are working to empower consumers to protect their assets through self-custody. Meanwhile, Exodus's customers will enjoy even easier ways to buy Bitcoin and other cryptocurrencies directly within their own wallets.' Omaha-based Exodus launched in 2015 to provide people with a highly secure way to hold their digital assets like cryptocurrencies offline from exchanges. Now, their more than 5 million users can use their preferred credit or debit card to purchase digital assets from directly within their wallet on the Exodus platform. This new capability greatly enhances and simplifies the buying experience by making it possible to natively buy and hold cryptocurrencies within a single wallet platform. 'Our number one focus is on delivering the best customer experience in the market, which is why we wanted to work with Worldpay to bring this critical feature to our platform,' said JP Richardson, CEO at Exodus. 'Worldpay's dedication to security and seamlessness aligns with our mission to make our platform safe, reliable and trusted by our customers. We couldn't be happier to be the first self-custodial wallet to enable native card payments directly embedded in our platform by working with Worldpay.' In addition to card-based payments, Exodus will be tapping into Worldpay's flagship fraud detection and prevention solution, FraudSight ™, which can reduce fraud while enhancing authorization rates. Credit and debit card purchases are available to Exodus customers in the U.S. with plans to expand to further geographies in the coming months. *Self-custodial wallet: A self- or non-custodial wallet is a cryptocurrency wallet where the owner of those assets has full control over private keys granting full access to them without an intermediary. This model contrasts with custodial wallets where a third party, like an exchange, holds the keys to owned assets. Companies In This Post Worldpay Exodus
Finextra
4 days ago
- Business
- Finextra
Worldpay partners Exodus for card payments in self-custodial wallets
Worldpay has been a leader in making the purchase of digital currencies more accessible to consumers for more than 10 years and has now been selected by self-custodial wallet* provider, Exodus, to bring a native checkout experience to its users. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. As a result of this collaboration, Exodus is launching XOPay, a first of its kind solution which allows consumers to purchase cryptocurrencies directly within a self-custodial wallet using a credit or debit card. 'Part of making the world of cryptocurrencies and digital assets more accessible to people everywhere is also ensuring the process is simple, secure and as frictionless as possible, which is why we are excited about this work with Exodus,' said Nabil Manji, head of fintech growth and financial partnerships at Worldpay. 'Worldpay's card payments capabilities for crypto purchases have been making it easier for consumers to buy their favorite assets for more than a decade, and companies like Exodus are working to empower consumers to protect their assets through self-custody. Meanwhile, Exodus's customers will enjoy even easier ways to buy Bitcoin and other cryptocurrencies directly within their own wallets.' Omaha-based Exodus launched in 2015 to provide people with a highly secure way to hold their digital assets like cryptocurrencies offline from exchanges. Now, their more than 5 million users can use their preferred credit or debit card to purchase digital assets from directly within their wallet on the Exodus platform. This new capability greatly enhances and simplifies the buying experience by making it possible to natively buy and hold cryptocurrencies within a single wallet platform. 'Our number one focus is on delivering the best customer experience in the market, which is why we wanted to work with Worldpay to bring this critical feature to our platform,' said JP Richardson, CEO at Exodus. 'Worldpay's dedication to security and seamlessness aligns with our mission to make our platform safe, reliable and trusted by our customers. We couldn't be happier to be the first self-custodial wallet to enable native card payments directly embedded in our platform by working with Worldpay.' In addition to card-based payments, Exodus will be tapping into Worldpay's flagship fraud detection and prevention solution, FraudSight™, which can reduce fraud while enhancing authorization rates. Credit and debit card purchases are available to Exodus customers in the U.S. with plans to expand to further geographies in the coming months. *Self-custodial wallet: A self- or non-custodial wallet is a cryptocurrency wallet where the owner of those assets has full control over private keys granting full access to them without an intermediary. This model contrasts with custodial wallets where a third party, like an exchange, holds the keys to owned assets.
Finextra
4 days ago
- Business
- Finextra
Global Payments to sell payroll unit for $1.1bn
Global Payments continues to simplify its business, agreeing to offload its payroll unit to fintech Acrisure for $1.1 billion. 0 The divestiture is the latest step Global Payments has taken to position itself as a pure play merchant solutions provider, shedding non-core businesses. In April it agreed a blockbuster deal to buy Worldpay from GTRC and FIS for $22.7 billion while offloading its Issuer Solutions business to FIS for $13.5 billion. Last year, it also sold its medical software business AdvancedMD for $1.13 billion. "I am pleased with the progress we are making with our transformation program as we move aggressively to simplify our business and enhance value for shareholders," says Cameron Bready, CEO, Global Payments. In connection with the payroll transaction, Global Payments has entered into a mutual referral agreement and long-term commercial partnership with Acrisure in which it will continue delivering human capital management and payroll offerings to its merchant customers. Proceeds of the deal - set to close the second half subject to regulatory approval - will be used to return capital to shareholders.
Yahoo
5 days ago
- Business
- Yahoo
Worldpay and BVNK collaborate on stablecoin payouts
Payments company Worldpay has joined forces with BVNK, a South African stablecoin payments firm, to introduce stablecoin payout capabilities for Worldpay's global clientele. The service, leveraging BVNK's embedded wallets infrastructure, will enable clients to issue payments in stablecoins to various beneficiaries such as customers, contractors, and sellers in over 180 markets. The transactions will be made 'nearly instantly', without the clients' direct involvement in managing digital assets, BVNK VP of Platform Partnerships Jane McEvoy said in a blog post. Worldpay's existing payouts platform will integrate this new payment feature, with stablecoins being the inaugural digital asset option, complementing the platform's current offering of 135 fiat currencies. The pilot phase for this service is anticipated to commence in the latter half of 2025. Previously, Worldpay had initiated the acceptance of settlements in USDC stablecoin for merchants in select locations during 2022. Following this, in 2023, the company completed a pilot with Visa aimed at streamlining the funds reception process from the network. In alignment with BVNK's mission, this partnership seeks to enhance the accessibility of stablecoin technology for businesses, integrating traditional and digital payment systems, with a focus on operational efficiency and expansive global reach. Worldpay payouts head and SVP John McNaught said: 'We're delighted to work with BVNK to bring this enterprise-grade stablecoin payout solution to market. With a history of delivering innovative payout solutions, we are excited to meet the rising interest from clients seeking faster, more efficient global payment methods.' Recently, Worldpay expanded its services in Latin America with the introduction of domestic acquiring capabilities in Colombia. Meanwhile, earlier this month, BVNK secured investment from Visa. "Worldpay and BVNK collaborate on stablecoin payouts " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
