Saturday , November 23, 2024

X Gets More State OKs and other Digital Transactions News briefs from 3/25/24

  • X Payments LLC, the payments platform for the social-media network X (formerly Twitter), received money-transmitter licenses last week from New Mexico, Oregon, and Illinois, bringing to 22 the number of states that have approved the platform for money movement.
  • Fleetcor Technologies Inc., a business-payments provider, said it has now renamed itself Corpay Inc. The company announced earlier this month it would make the move.
  • Apple Inc.’s tight control over mobile wallets and access to the iPhone’s near-field communication technology for tap-to-pay transactions is a point in common between complaints by European regulators and a recent antitrust suit brought against Apple by the U.S. Department of Justice, according to news reports.
  • Users of Google Wallet in Europe are reporting a new requirement that they unlock their mobile phones for every transaction, not just those for sums exceeding set thresholds, which can vary by country. U.S. users have long been required to unlock their phones for all transactions except for mass-transit payments.

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