Five Star’s Tap-to-Pay on iPhone And Other Digital Transactions News briefs from 8/21/23

Community financial institution Five Star Bank launched tap-to-pay on iPhone capability for its business clients, allowing merchants to accept contactless payments directly on their iPhones.
Fluency, a provider of technology for central bank digital currencies, said it has been selected by Mastercard Inc. to work with the card network on CBDC initiatives.
Payments provider Novo Payments has agreed to offer cybersecurity protection services from VU Inc.
Payments provider XTM Inc. announced it has closed on its $3.5-million acquisition of earned-wage access platform QRails Inc.
Jeffrey De Petro has joined payments provider Merchant Lynx Services as chief operating officer. De Petro was formerly chief administrative officer and executive vice president at Esquire Bank, Merchant Lynx’s sponsor bank.

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