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- Digital-currency platform Bit.Store launched its Visa Virtual Crypto Card, a prepaid card that can store Bitcoin and offers cashback rewards on transactions.
- The social-media platform X has reportedly established a “dedicated account” that could transact in cryptocurrency for the platform’s expected peer-to-peer payments service. There has been no official word so far from X, formerly known as Twitter, concerning whether the P2P service will support currencies beyond fiat money.
- Fiserv Inc. said the almost 4 million consumers who hold credit or debit cards issued by institutions in the company’s uChoose Rewards program can use their card rewards to buy gas at some 7,000 BP and Amoco stations.
- The French bank Credit Agricole took a 7% stake in Worldline S.A., a Paris-based processor with global operations. The move follows a slump in Worldline’s equity that has seen its shares fall 66% in the past 12 months, to $13.45 Monday.
- In a bid to meet the concerns of European antitrust regulators, Apple Inc. agreed to allow other companies to leverage its payments technology. The move follows by days the technology company’s agreement to allow developers to accept payments on its app store through services other than Apple. For that concession, Apple is levying a 27% transaction fee.
- Mastercard Inc. said it is leveraging virtual-card technology to support a “first of its kind” service for medical-claims payments from insurance companies.
- Visa Canada has agreed to support efforts by Plug and Play, a venture-capital firm, to enter the Canadian fintech market and help it support fintech startups in that country.
- Brian Johnson, a senior executive at PayPal Holdings Inc., is among four new board members appointed by Surge Ventures, an investment firm.
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