Gateway vs. switch: it is not an either/or only question

Originally published on The Paypers Bruce Parker, Modo, explains why gateways and switches fall short of working with “unhappy” payments and how merchants must change their tactics when going global By Bruce Parker, CEO of Modo As the number of digital payments continues to rise, there isn’t much disagreement that merchants need to be connected to […]

Less Isn’t More In Modern Disbursements

By Bruce Parker – Originally posted on PaymentsJournal  What’s the best way to disburse funds? Aha! It was a trick question. The answer depends less on you, the party sending the money, and more on who’s receiving it. For banks thinking about new ways to do disbursements, especially digital ones, and especially on the global […]

Inside the Klarna/Modo deal: how to deliver fast and flexible payments

In 2016, Modo and Klarna announced their partnership to speed up time for merchants to integrate Klarna into their systems. Klarna referred to the project as “instant integration” because Modo’s technology allowed for merchants to use Klarna much faster that previously able. It’s been two years since the announcement of the partnership, and PaymentEye spoke […]

How Banks Can Connect To Emerging Payment Methods

Modo CEO, Bruce Parker, chatted with PYMNTS about why Deutsche Bank chose to invest in us, and what we can do for large banks of their size with our technology.  By PYMNTS Banks have honed their systems for decades to manage payments seamlessly and efficiently, while providing great client service with Titanic amounts of volume. […]

Finextra: Deutsche Bank buys stake in Modo to expand payments biz to non-bank platforms

Written by Finextra  Deutsche Bank has moved to beef up its transaction banking franchise through the acquisition of a stake in US startup ModoPayments. Terms of the deal were not disclosed. Founded in 2010, Dallas-based Modo works to reduce friction in the payments industry through technology that creates interoperability between systems, without needing changes to […]

PYMNTS: Deutsche Bank invests in Modo

Written by PYMNTS   Deutsche Bank announced that it has acquired an equity stake in Modo Payments, a payments technology company focusing on reducing friction in the payments industry. “Payments are the bloodline of banking. More and more global payments are executed electronically via FinTech and online platforms,” John Gibbons, head of global transaction banking at Deutsche […]

Finovate: Deutsche Bank Takes Equity Stake in Modo Payments

Written by Finovate Payments technology company Modo Payments announced this afternoon it received an equity investment from Deutsche Bank. The amount was undisclosed. Prior to today’s announcement, Modo had raised a total of $11.3 million since it was founded in 2010. The German bank plans to leverage Modo’s technology to expand its digital business-to-business and business-to-consumer payments. Specifically, Deutsche […]

Bloomberg: Deutsche Bank Pushes Digital With Second Fintech Deal This Year

Written by Bloomberg   Deutsche Bank AG beefed up its digital banking operations again with a second investment in a fintech startup within four months, a move that points to a slow revolution at one of its most important divisions. The German lender, which has been shrinking staff and operations internationally, agreed to buy an unspecified […]

FinTech Firms On The New FinTech Charter

Modo CEO, Bruce Parker, spoke with PYMNTS about the recent US Department of Treasury report on supporting FinTech growth and innovation in the States.  Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to […]

Modo: Interoperability Can Help eCommerce Merchants Work With Wallets

Modo CEO, Bruce Parker, spoke with PYMNTS on the differences between interoperability and integrations in payment systems. We know they sound like similar words, but the differences between them are abundant and have a huge impact on how systems are connected. Modo is fully on the interoperability train – find out why below.  It’s not […]

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