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- Payments provider North American Bancard has rebranded as North. The independent sales organization, which debuted in 1992, said North is emblematic of upward movement. Its values, business strategy, and merchant commitment stay the same, North said in a blog post.
- Nuvei Corp. said it will acquire Pay2All Instituição de Pagamento Ltda., a Brazil-based payment institution. Because Pay2All is licensed by the Central Bank of Brazil, Nuvei will be able to offer payment acceptance, e-wallet management, and betting accounts. Terms were not disclosed.
- Job loss or reduced income has taken over as the leading cause of consumer tardiness in paying bills, displacing inflation, according to a survey by Achieve, a digital finance company, whose research effort surveyed 2,000 consumers. While 21% in the second quarter cited inflation as the leading factor causing them to fall behind, that figure fell to 10% in the latest survey. Instead, 18% in the latest poll cited job loss or reduced income.
- A fintech called Mbanq launched banking apps that it said can be offered by financial institutions for a variety of consumer functions, including debit, prepaid, and credit cards, as well as cross-border transfers.
- Nacha, the automated clearing house governing body, said SouthState Bank joined as a direct member, enabling the bank to vote on Nacha rules and participate in its board of directors.
- Fortis Payment Systems LLC named Robert West executive vice president of business-to-business. West formerly was at EBizCharge and at OnPay Solutions.
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