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- Silvergate Capital Corp. said it will wind down its operations and return deposits to customers after it was forced to sell assets at a loss. Silergate last year acquired the assets of stablecoin venture Diem Group, formerly known as Libra.
- U.S. retail sales in February, excluding automotive, were up 6.9% from February 2022, Mastercard Inc. said in its latest SpendingPulse report.
- Restaurant point-of-sale software maker Snack POS released a dual pricing feature that enables restaurants to display pricing when paying with a card and pricing when paying with cash at the time of sale.
- Fraud prevention firm Riskified Ltd. said Gametime, a marketplace for sports, concerts, theater, and comedy show tickets, is using its Chargeback Guarantee service to provide real-time fraud decision information and aid approval rates.
- Credit union service organization Member Access Processing announced founder Cyndi Martini will retire as chief executive on Aug. 31. MAP also appointed Dan Ruppe senior vice president of product services. He previously worked at PaySys International, Hogan Systems, and PSCU. MAP opened what it calls a virtual office and will close its headquarters building.
- Cryptocurrency exchange CoinZoom said users can now use Apple Pay and Google Pay as funding options in the respective CoinZoom apps.
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