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- Ninety-nine percent of large enterprises—those with annual revenue of $1 billion to $9.9 billion—expect to send real-time payments in the next five years, found the 2023 AFP Real-Time Payments Survey released by the Association for Financial Professionals and sponsored by The Clearing House Payments Co. LLC. It also found that 77% of corporate entities expect to receive business-to-business real-time payments in the five years. TCH operates the Real Time Payments network.
- Prepaid card platform Blackhawk Network announced an integration with Salesforce to offer rewards technology to businesses.
- J.P. Morgan Payments said it will use person and business identity verification services from Trulioo to help counter fraud and other financial crimes.
- Mastercard Inc. said Remitly Global Inc. will integrate Mastercard’s Send and Cross-Border Services to expand Remitly’s cross-border payments and remittances capabilities.
- Payments and finance fintech Airwallex has agreed to acquire MexPago, a payment-service provider based in Mexico. Terms were not announced. Australia-based Airwallex also announced several executive appointments for its U.S. office in San Francisco.
- Goldman Sachs Group Inc. has joined automated clearing house regulator Nacha as the organization’s 46th direct member. Direct members are able to vote on proposed operating rules, among other duties.
- Samsung Next, part of Samsung Electronics, has invested in Skipify, a U.S.-based digital-wallet developer. Terms were not announced.
- Fiserv Inc. said third-party developers now have access to its core banking APIs, pieces of software code that ease integrations, through its Banking Hub.
- Jim McCarthy, former president of payments processor i2c Inc. and before that a long-time Visa Inc. executive, has been appointed chief executive of U.K.-based payments platform Thredd, replacing Kevin Schultz, who is retiring. The move comes as Thredd says it will soon launch a product line in the U.S. market.
- Alfred Kelly will retire as chairman of Visa Inc.’s board of directors on Jan. 23, remaining as a senior advisor until Feb. 15. A former American Express Co. executive, Kelly served as Visa’s chief executive from 2016 until February this year and has been chairman since 2019.
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