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- The Clearing House Payments Co. LLC’s automated clearing house network, EPN, reported volume of more than 19 billion transactions for 2023, up 8%, with a total value of $52.4 trillion.
- Taulia, which provides technology to manage working capital, said it will incorporate into its Taulia Virtual Cards digital payments technology from Visa Inc. under a new agreement.
- Banking and payments provider Green Dot Corp. said it has onboarded Repay, Facebank, and Pana as Green Dot Network partners, enabling the three fintechs to offer cash transactions and services through Green Dot’s network of retailer clients.
- Sal Rehmetullah and Suneera Madhani, the cofounders of Stax Payments, have started Worth AI, a risk-management and underwriting platform based on artificial-intelligence technology.
- Investment firm Frazier Healthcare Partners announced it has closed on its acquisition of RevSpring, a provider of payments technology for health-care companies, from the private-equity firm GTCR. Terms were not announced.
- A report from identity-verification firm AU10TIX indicates there was, between May and December last year, an organized barrage of some 22,080 fraudulent onboarding efforts that leveraged variations of a single passport, with all the attempts generated by artificial intelligence. Half of the attacks occurred over a period of two to three weeks. The firm also found that the payments industry accounted for almost half of all fraud attempts globally in the fourth quarter.
- Bitcoin Depot said it will operate 50 Bitcoin ATMs it sold to Sopris Capital, an investment firm, as part of Bitcoin Depot’s franchise program. The machines will be deployed in Canada.
- Cartamundi, a provider of board games, trading cards, and collectibles, said it is working with Digital River to continue an expansion into new global markets using Digital River’s merchant-of-record technology.
- Ninety-two percent of U.S. consumers prefer at least one digital or electronic payment method when receiving a payout or incentive, found the 2024 Payouts Landscape Report from Onbe, a corporate payouts platform, and NRG, a strategy firm.
- Advisory firm 733Park Inc. said it has been appointed to represent Project Treasure, a merchant processing portfolio that produces $175,000 in net monthly revenue net of agents.
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