Thefinrate - Rating Service Provider for Global Financial Businesses, 7 Temasek Boulevard, Suntec Tower One, Singapore (2026)

30/12/2025

Fidelity National Information Services (FIS) has agreed to pay $210 million to resolve an investor lawsuit tied to its 2019 acquisition of Worldpay, according to representatives for the plaintiffs. The settlement, reached on December 17, remains subject to court approval.
The agreement is expected to deliver approximately $0.42 per affected share, though net payouts may average closer to $0.32 after legal fees, expenses, and interest.
FIS and its current and former executives—including CEO Stephanie Ferris and former CEO Gary Norcross—deny any wrongdoing. The company maintains that it made no false statements, violated no laws, and caused no investor losses, as stated in the settlement filing.
Investors alleged that FIS misrepresented the strategic and financial outlook of the $35 billion Worldpay acquisition, inflating share prices before a series of disclosures led to a sharp decline.

Fidelity National Information Services (FIS) has agreed to pay $210 million to resolve an investor lawsuit tied to its 2019 acquisition of Worldpay, according t

18/11/2025

A sweeping investigation into India’s cryptocurrency ecosystem has uncovered how digital asset platforms are being used to move stolen funds across borders at unprecedented speed and scale. Between January 2024 and September 2025, the Indian Cyber Crime Coordination Centre (I4C) identified 27 cryptocurrency exchanges that allegedly enabled criminals to route Rs 623.63 crore siphoned from nearly 2,872 cybercrime victims.
The investigation, part of a large international collaborative project examining global crypto-enabled money laundering, traces complex financial trails across dozens of countries — placing what has now been dubbed the “Coin Laundry” scandal among the most significant digital financial probes of recent years.

A Global Web of Hidden Transactions
The Coin Laundry project reveals that cryptocurrency exchanges, operating in fast-evolving regulatory grey zones, have become modern equivalents of offshore havens.

A sweeping investigation into India’s cryptocurrency ecosystem has uncovered how digital asset platforms are being used to move stolen funds across borders at

18/11/2025

JPMorgan is shutting down the Mobility Payments Solution unit it acquired from Volkswagen in 2021, following a determination that the business cannot reach sustainable profitability, according to reports.
The division, originally launched by Volkswagen in 2017 and headquartered in Luxembourg, operated across 32 countries. Its services spanned vehicle purchases and leasing, in-car payments, fuel and EV charging transactions, subscription services, insurance, and in-vehicle entertainment — all elements of the emerging “connected car” payments ecosystem.
JPMorgan purchased a 75% stake in the business with the expectation that in-vehicle payments would evolve into a major growth segment as automakers expanded digital services and mobility platforms. The acquisition was positioned as a strategic play to integrate banking, payments, and automotive technology at scale.
However, after a multi-year evaluation, JPMorgan has now concluded that the business model is unlikely to generate profit.

JPMorgan is shutting down the Mobility Payments Solution unit it acquired from Volkswagen in 2021, following a determination that the business cannot reach sust

18/11/2025

The UK’s Financial Conduct Authority (FCA) has asked the High Court to remove a suspension preventing it from finalising a contract for the country’s first bond consolidated tape, a key market data infrastructure project aimed at improving transparency and reducing costs for market participants.

The FCA is seeking approval to proceed with signing the contract with Etrading Software, which was selected in August to deliver the £4.8 million project. A consolidated tape aggregates trade data from multiple venues into a single, standardised feed — a long-anticipated upgrade designed to simplify data access in the UK fixed-income market.

However, the process was halted in September after rival bidder Ediphy launched a legal challenge. According to reporting by Financial News, Ediphy argues that a technical error in the auction platform caused its bid to be wrongly excluded.

The UK’s Financial Conduct Authority (FCA) has asked the High Court to remove a suspension preventing it from finalising a contract for the country’s first

17/11/2025

Bitcoin may be approaching a “death cross” formation after a turbulent week, signaling that the downturn could be entering its final stages.

According to market analysts, a death cross occurs when short-term momentum weakens relative to long-term trendlines — typically when the 50-day moving average crosses below the 200-day moving average. While the term is usually associated with bearish sentiment, it has historically coincided with local market bottoms for Bitcoin during this cycle.

Bitcoin has fallen roughly 25% from its all-time high of $126,000, reached in October. If the current trend continues, it would mark the fourth death cross since the 2023 cycle began. Notably, each prior instance has aligned closely with major lows in the market:

- September 2023: Bottom at $25,000
- August 2024: Bottom at $49,000
- April 2025: Bottom at $75,000, driven by uncertainty around U.S.

Bitcoin may be approaching a “death cross” formation after a turbulent week, signaling that the downturn could be entering its final stages. According to

17/11/2025

Robinhood is testing a new feature aimed at users who still prefer physical cash—despite the rapid shift toward digital payments. The brokerage platform has launched a pilot program in New York City that enables customers to have cash delivered straight to their doorsteps.
The company has teamed up with Gopuff, the quick-commerce delivery service, to execute these drop-offs. According to details shared by the firms, the money arrives in tamper-sealed bags, with delivery times expected to mirror Gopuff’s standard 30-minute average window.
While the service is currently limited to New York City, Robinhood plans to expand the offering next year to additional metros, including San Francisco, Philadelphia, and Washington, D.C.
The move comes at an interesting moment in the payments landscape. Although digital wallets and online banking dominate industry narratives, a large segment of U.S. consumers—particularly older adults—still maintain a reliance on cash.

Robinhood is testing a new feature aimed at users who still prefer physical cash—despite the rapid shift toward digital payments. The brokerage platform has l

13/11/2025

Introduction: The Complex World of Adult Payment Processing

The adult industry represents one of the most profitable yet financially underserved sectors online. Despite its immense revenue potential, adult merchants often struggle to access mainstream payment processors. Why? Because traditional financial institutions label this space as high-risk — driven by regulatory scrutiny, reputational risk, and elevated chargeback ratios.

This guide explores the full landscape of adult payment processing — from top payment gateways and onboarding steps to compliance frameworks, fraud prevention, and acquiring bank due diligence.

Understanding Adult Payment Processing

Adult payment processing enables merchants in the adult content, dating, cam, and digital entertainment sectors to accept online transactions securely. These businesses depend on high-risk processors that understand the nuances of age verification, global compliance, and data privacy.

Introduction: The Complex World of Adult Payment Processing The adult industry represents one of the most profitable yet financially underserved sectors onli

06/11/2025

The Financial Undercurrents Behind the 1xBet Scandal

The Enforcement Directorate’s (ED) recent attachment of assets worth ₹11.14 crore belonging to former Indian cricketers Suresh Raina and Shikhar Dhawan has shaken the nation’s sports, fintech, and compliance ecosystems. The agency’s investigation into the sprawling illegal betting network 1xBet has unearthed a deep nexus between celebrity endorsements, offshore financial structures, and sophisticated money-laundering mechanisms that exploit regulatory blind spots in India’s digital financial landscape.

This high-profile move marks not only a legal escalation but also a defining moment in India’s evolving battle against unregulated digital betting and financial crime.

📍 The Background: A Shadow Industry in the Digital Age

The rise of online betting platforms like 1xBet reflects a much larger transformation in India’s digital economy.

The Financial Undercurrents Behind the 1xBet Scandal The Enforcement Directorate’s (ED) recent attachment of assets worth ₹11.14 crore belonging to forme

06/11/2025

Airwallex $1B ARR milestone
When Jack Zhang, Co-founder and CEO of Airwallex, announced the company’s milestone of $1 billion in annualized run rate (ARR), it wasn’t just another valuation headline in fintech’s noisy landscape. It was a statement — a marker in time reflecting how far fintech infrastructure has come and where the next great shift is headed.

Nine years ago, Airwallex began as an ambitious startup out of Melbourne, aiming to simplify global payments for businesses navigating multiple markets. Today, it stands as one of the rare fintechs not only surviving but thriving in a challenging macroeconomic climate — one where venture capital is cautious, digital banks are consolidating, and profitability, not promises, is the new currency of trust.

Airwallex $1B ARR milestone When Jack Zhang, Co-founder and CEO of Airwallex, announced the company’s milestone of $1 billion in annualized run rate (ARR), i

01/11/2025

Aeropay Leads Bank Transfers for U.S. Businesses
Introduction
In today’s fast-paced digital economy, businesses are constantly searching for payment solutions that are faster, more secure, and cost-effective. Traditional payment methods—cards, cash, and checks—create friction, increase costs, and slow down operations. Enter Aeropay, a next-generation payments platform built to modernize bank payments, streamline cash flow, and reduce risk with an AI-driven, scalable approach.

With Aeropay, companies can move money smarter and faster through direct bank-to-bank transfers, instant payouts, and advanced risk prevention tools that outperform conventional payment methods. From small businesses to enterprise platforms, Aeropay is setting the new standard for ACH payments in the U.S.

Easily Add and Scale Bank Connections
Traditional ACH integrations are slow and cumbersome.

Aeropay Leads Bank Transfers for U.S. Businesses Introduction In today’s fast-paced digital economy, businesses are constantly searching for payment solutio

31/10/2025

🏦 Introduction: Understanding the “High-Risk” Tag
In the world of payment processing, not all businesses are treated equally. Some industries—due to chargeback exposure, regulatory scrutiny, or reputational sensitivity—are classified as high-risk. For U.S. merchants, obtaining a high-risk merchant account can mean the difference between scaling globally or being locked out of card processing entirely.

But what exactly makes a business high-risk? Why do traditional banks avoid certain merchants? And most importantly, how can U.S. businesses secure a reliable high-risk payment partner?

This guide explores everything you need to know — from definitions and approval steps to real-world examples, best providers, and strategies to protect your business.
🔍 What Is a High-Risk Merchant Account?
A high-risk merchant account is a specialized type of payment processing account designed for businesses that have a higher likelihood of chargebacks, fraud, or regulatory issues.

🏦 Introduction: Understanding the “High-Risk” Tag In the world of payment processing, not all businesses are treated equally. Some industries—due to c

31/10/2025

Introduction: The Silent Barrier in Merchant Processing
In the payment ecosystem, reputation is currency — and nothing tarnishes it faster than being placed on the MATCH list. For many merchants, the term appears suddenly during a declined onboarding or a terminated account notice from their acquirer. Often, it’s the first time they’ve heard of it — and by then, the damage is already done.
The Mastercard MATCH List (formerly known as the Terminated Merchant File, or TMF) is a global database that tracks merchants whose accounts have been terminated for reasons ranging from fraud and excessive chargebacks to non-compliance and security breaches.If your name — or your company’s — appears on it, most banks and payment processors will instantly reject your application.
This guide dives deep into what the MATCH List is, why it exists, how it impacts your business, and — most importantly — what you can do to avoid, dispute, or recover from it.

1. What Is the Merchant Account MATCH List?

Introduction: The Silent Barrier in Merchant Processing In the payment ecosystem, reputation is currency — and nothing tarnishes it faster than being placed

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