News

March, 2025

• 14 March

  Block Gets the FDIC’s OK To Take Consumer Cash App Borrow Loans In-house

  

  Square and Cash App parent Block Inc. announced late Thursday its Square Financial Services Inc. industrial bank has received approval from the Federal Deposit Insurance Corp. to make consumer loans through Block’s Cash App Borrow feature. Square Financial Services launched as a Salt Lake City-based, FDIC-chartered industrial bank in 2021 …
• 14 March

  Zip Is Halting Credit Cards As a BNPL Funding Source

  

  Buy now, pay later provider Zip Co. Ltd. is telling users it no longer will allow them to tap credit cards as a funding source. In an email this week, Zip says, “Starting in the next few weeks, you won’t be able to initiate new purchases through Zip using a …
• 14 March

  Order.co Adds Real-Time Tracking and other Digital Transactions News briefs from 3/14/25

  

  Order.co, a business-to-business payments service, announced a number of enhancements, including real-time transaction tracking and what are said to be more robust security measures. Payments provider Shape Technologies said it will work with PXP, a technology platform, to help independent sales organizations, independent software vendors, and payment facilitators offer services that would …
• 13 March

  MTech Mobility’s New Touchtab and other Digital Transactions News briefs from 3/13/25

  

  MTech Mobility introduced Touchtab, a mobile point-of-sale platform aimed at restaurants and promising faster processing of customer tickets. A recent study by SpotOn found 84% of U.S. independent and chain restaurants want improved POS technology. Buy now, pay later provider Sezzle Inc. announced new app features including auto-applied coupons, notifications of price drops, and smoother …
• 13 March

  How Business Groups Are Pushing for Stablecoin Acceptance

  

  A leading merchant association and a group representing stablecoin interests early Thursday threw their weight behind efforts to bring stablecoins into the payments mainstream in the United States. The move by the Merchant Payments Coalition and the Payment Choice Coalition seeks to “promote their shared goals of enhancing innovation, competition, …
• 13 March

  The EPC Takes Aim at the CCCA And Illinois’s Interchange Law

  

  The Electronic Payments Coalition has launched the latest salvo in its offensive against legislation seeking to regulate credit card interchange. This time the thrust takes aim at federal and state legislative efforts. At the federal level, EPC executive chairman Richard Hunt said during a press conference late Wednesday morning the …
• 12 March

  Beyond the Big Processors: What ISOs Really Need to Thrive

  

  By Matt Nern, Managing Partner at SignaPay Being an ISO is a balancing act. Between closing deals, staying on top of evolving payment technology, and ensuring merchants get the support they need, there’s hardly time to deal with the inefficiencies of a slow-moving processor. Yet, too often, ISOs find themselves …
• 12 March

  How New Capital Positions Fortis to Pursue Faster Growth

  

  Fortis Payment Systems LLC early Thursday announced it is receiving a capital infusion from a new investor, Audax Private Equity, as well as from an existing investor, Lovell Minnick Partners. The amount of the investment was not disclosed. A privately held company, Fortis actively began seeking new investors about six …
• 12 March

  Feedzai Releases ScamAlert in an Effort to Help Banks

  

  As financial institutions help their customers counter fraud, Feedzai is releasing a tool to help FIs better identify potential scams. Dubbed ScamAlert, the service, which incorporates an artificial-intelligence utility, can help identify tactics criminals use to exploit consumers. Many consumers may initially fall for a scam through a phishing email; …
• 12 March

  PayMaple Adds Real-Time Payments and other Digital Transactions News briefs from 3/12/25

  

  Payments platform PayMaple LLC launched a new accounts-payable service enabling vendor payments via real-time payments, the automated clearing house, or virtual cards. The last option is expected by the third quarter, the company says. Vitesse, a specialist in claims payments for the insurance industry, is working with Five Sigma Ltd., a claims-management …