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- Mastercard Inc., working with Subaio, which offers a subscription management service for banks, launched a subscription control service to make it easier for consumers to identify and unsubscribe from recurring payments via banks’ apps and online access. The move comes after the Federal Trade Commission proposed a rule that would require sellers to offer a “click to cancel” button to halt subscriptions more easily.
- Volante Technologies said it helped a U.S. bank complete pilot testing of the FedNow real-time payments service.
- Digital River Inc., a payments provider for online commerce, announced an enhancement of its logistics capabilities worldwide, including a single integration enabling clients to ship to more than 240 countries.
- News emerged early Thursday that Alibaba Group Holdings’ Ant Group unit applied in China for a patent covering the use of palm-recognition technology for digital payments. Ant Group is the parent of the Alipay mobile-payments giant.
- The big processor Paysafe Ltd. will stop processing transfers of euros to and from the cryptocurrency exchange Binance, according to news reports early Thursday. Binance is the subject of lawsuits from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.
- Digital-currency platform Circle Internet Financial appointed Craig Broderick to its board of directors. Broderick’s experience includes three decades of service in risk management roles at Goldman Sachs.
- Card-issuing platform Marqeta Inc. named Karna Crawford chief marketing officer. Crawford’s experience includes positions at J.P. Morgan Chase, Verizon, and Ford Motor Co.
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