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- Capital One Financial Corp.’s proposal to acquire Discover Financial Services for $35.3-billion, announced in February, has been approved by the Office of the Delaware State Bank Commissioner. The proposal includes Discover Bank. Shareholders in both companies are set to vote on the transaction Feb. 18, 2025.
- Visa Inc. has closed on its offer to acquire Featurespace, a developer of real-time fraud-prevention technology. Terms of the deal, which was announced Sept. 26, were not disclosed.
- Buy now, pay later provider Klarna AB said luxury retailers Nieman Marcus and Bergdorf Goodman will offer the installment payment option. Klarna already is available online at Nieman Marcus and will be at Bergdorf Goodman in January.
- Another buy now, pay later platform, Sezzle Inc., saw its shares plummet 15% Wednesday following a negative report on the company from Hindenburg Research. The stock, which started the week over $300 per share, had by Thursday morning fallen to the $250s.
- Flexa said its payments capabilities will be embedded in Nighthawk Wallet to enable wallet users to make real-time payments at more than 41,000 retail locations in the United States and Canada. Payments are made using the digital asset ZEC.
- Fintech AtoB, a platform for trucking-industry financial systems, formed a partnership with Maverik, a convenience-store chain, to provide AtoB’s fleet and over-the-road customers with discounts when using their fuel cards.
- European online payments platform Klarpay AG has changed its name to Bivial AG.
- Private-label card issuer Synchrony has extended its contract with Chevron U.S.A., a 17-year client. The length of the extension was not announced.
- Papaya Global, a payments and payroll provider, named former Google Inc. executive John Turner to its board.
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