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- Visa Inc. announced it will start a pilot in November for Visa AR Manager, a platform intended to automate more functions in commercial card acceptance.
- PayNearMe, a specialist in payments for iGaming and sports betting, will add to its MoneyLine platform the “Cardless Cash at ATM” feature from NCR Atleos Corp.
- Discover Global Network released its third annual Fintech State of the Union report, with a global perspective. For the North American market, the report indicates two-thirds of venture capitalists see payment processing as having the second-most potential for growth over the next five years, behind only investments/capital markets technology. The report surveyed 5,004 consumers, 852 fintechs, and 83 venture capitalists in the first two quarters of this year.
- The Bank of England has licensed the processor Elavon Financial Services DAC, a unit of U.S. Bank, as a financial-services provider.
- ABM, a provider of electric-vehicle charging technology, said it has finished the rollout of its ABM EV Charging Network, which among other features includes acceptance of payments by card, QR code, or ABM’s proprietary app. The network includes some 30,000 chargers so far.
- Rego Payment Architectures Inc. announced it has completed a technical integration with Q2 Software Inc.’s digital-banking platform, allowing the more than 450 Q2 client institutions to develop family digital wallets for customers.
- U.S. Representative Bryan Steil (R-Wis.) has introduced the Earned Wage Access Consumer Protection Act, which seeks to set up a regulatory regime for EWA while arguing the service is not a credit product and so should not be subject to the Truth in Lending Act.
- Since it began operating in March 2021, Nacha’s Phixius service has validated data for more than 4 million accounts, Nacha announced.
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