Finix becomes a payments processor, heating up its competition with Stripe
https://techcrunch.com/2023/05/02/finix-becomes-a-payments-processor-heating-up-its-competition-with-stripe/
Payments infrastructure startup Finix has slowly been taking swipes at Stripe, first becoming a facilitator, and now becoming a processor.
Finix said today it now is directly connected to all major U.S. card networks — American Express, Discover, Mastercard and Visa. Now that Finix no longer relies on a third-party processor, it says it’s able to offer businesses “instant onboarding, improved economics and opportunities for lowering interchange fees.”