Stripe Launches Stripe Treasury and other Digital Transactions News briefs from 12/4/20

Processor Stripe Inc. launched Stripe Treasury, a banking-as-a-service platform for its merchants, which can open Stripe Balance business accounts. Stripe is working with Evolve Bank & Trust on the service. Merchants can open interest-bearing accounts eligible for FDIC insurance in minutes. Commerce platform Shopify Inc. is one of the first to offer the service to its merchants.
Data from payments provider ACI Worldwide Inc. indicate an earlier start on the holiday shopping season resulted in a 21% rise in global e-commerce transactions processed by the company in November compared to November last year. The absolute figures were not disclosed.
Starboard Value LP, which holds approximately 9% of the outstanding shares of processor ACI Worldwide Inc., has written to ACI’s top management to urge the company to work toward a sale to a private buyer.
Raise Marketplace LLC, a mobile payments and prepaid gift card platform, has launched rZero, a fraud prevention service that detects fraudulent transactions, account takeover and creation of fraudulent accounts.
Digital-currency firm Circle Internet Financial Inc. said it has joined Visa Inc.’s Fast Track program and announced plans to issue a Visa corporate card backed by Circle’s USD Coin, a digital-dollar stablecoin.
Juan Benitez has joined fundraising platform GoFundMe as president. Most recently, Benitez was general manager of payments provider Braintree, a unit of PayPal Holdings Inc.

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