News

February, 2025

• 10 February

  BNY Sends the Largest Payment So Far Over the 8-Year-Old RTP Network

  

  BNY, formerly the Bank of New York Mellon Corp., early on Monday completed a $10 million transaction over the RTP Network, a record payment for the instant-payments system, which launched in 2017. The transaction, an inter-company liquidity-management payment from BNY client Computershare to an account at another financial institution, is …
• 10 February

  Eye on BNPL: Affirm’s Toothy Win; Gateway Adds Klarna Integration

  

  Coast Dental, a dental practice with 100 locations in Florida, Georgia, and Texas, added Affirm’s buy now, pay later payment options. In related news, Decta Ltd., a United Kingdom-based fintech, has integrated Klarna AB’s BNPL service into its white-label payment gateway. Tampa, Fla.-based Coast Dental says the Affirm payment option …
• 10 February

  Square’s Funny Restaurant Pitch and other Digital Transactions News briefs from 2/10/25

  

  Acquirer Square released a new video series called “Running a Restaurant Is No Joke” that uses humor to highlight how Square can help restaurant operators. Now live on Square’s Web site, the series also will appear in various media and social outlets. RedotPay, a digital-currency payments platform, said it is working with …
• 7 February

  Paysafe’s Shares Climb As Wall Street Buzzes With Takeover Talk

  

  Paysafe Ltd., one of the world’s largest payments processors, has developed a highly sophisticated stake in online gaming, but lately the odds may favor a change in ownership for the publicly held London-based company, according to industry speculation. News emerged late Thursday that the company’s current valuation–$1.4 billion, down from …
• 7 February

  Judge Grants More Banks Relief from Illinois Interchange Law, But Stops Short of Going All the Way

  

  U.S. District Court Judge Virginia Kendell extended the injunction against Illinois’s pending interchange law late Thursday to include more financial institutions but stopped short of providing blanket relief from the law for all financial institutions and the card networks. Kendall, a judge in the Northern District of Illinois, ruled that …
• 7 February

  Affirm Revenue up 47% and other Digital Transactions News briefs from 2/7/25

  

  Buy now, pay later specialist Affirm Holdings Inc. reported $866.4 million in revenue for its fiscal second quarter ending Dec. 31, up 46.4% from $591.1 million in the year prior quarter. With a profit of $80.4 million, Affirm reversed last year’s quarterly loss of $166.9 million. Among other metrics for the quarter, …
• 6 February

  Evolv Partners With United Bankers Bank, While Deluxe Posts 2024 Earnings

  

  Evolv Inc. has partnered with United Bankers Bank to provide a merchant-services program to UBB’s community-bank customers. The deal is expected to advance innovative payment solutions across the financial institutions served by United Bakers Bank, according to Evolv and UBB. The services will make up a “concierge-style, white-glove” merchant-services program …
• 6 February

  Lightspeed Says It Will Remain Public As It Posts a 17% Revenue Bump

  

  After more than 19 weeks of strategic review, Lightspeed Commerce Inc. said Thursday it will remain a publicly traded company. That will mean a renewed emphasis on retail, too, it said. Montreal-based Lightspeed announced the review in September, having brought back founder Dax Dasilva as chief executive a year ago, …
• 6 February

  Another Step for Pay by Bank and other Digital Transactions News briefs from 2/6/25

  

  Trustly, an open-banking specialist, will work with payments specialist Spreedly to offer pay-by-bank services to merchants. ACI Worldwide Inc. will work with Banfico, a provider of technology for open banking and regulatory compliance, to help banks and payment service providers in Europe comply with confirmation of payee and verification of payee …
• 5 February

  Fiserv Gets Set for a New CEO As Bisignano Trumpets a Strong Quarter

  

  President Donald Trump may have tapped Frank Bisignano to run the Social Security Administration, but for the time being he remains very much in charge of the big processor Fiserv Inc. Early on Wednesday, he reported a robust 2024 in which the company recorded 16% growth in organic revenue—growth apart …