Mastercard And Bill Payments and other Digital Transactions News briefs from 10/28/24
Digital Transactions News staff
October 28, 2024
Acquiring, E-Commerce, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Real-time Payments
- Mastercard Inc. has launched Bill QKr, a service supporting merchants and acquirers in accepting and more quickly processing card-based bill payments. 2C2P, AXS, CardUp, Curacel, and FitBank are among the first to adopt the new service.
- Real-time cross-border payments platform Nium launched Nium Verify, a service the company says can verify both business and consumer accounts in 50 geographic markets.d consumer accounts in 50 geographic markets.
- Card-issuing platform Marqeta Inc. announced Marqeta Flex, a service aimed at easing buy now, pay later services delivered inside digital wallets and payment apps.
- In related news, cross-border payments provider Thunes announced what it calls its Pay-to-Card solution, linking network users to some 15 billion cards from Mastercard, Visa, and UnionPay.
- The processor Worldpay announced merchants enrolled in its FraudSight fraud-prevention service will automatically receive its services when accepting a card issued by Capital One, through a direct link between FraudSight and the bank’s risk engine.
- Embedded-payments platform Tilled said it will work with payments provider North to provide payments processing for independent software vendors looking to support embedded-payments services. North was formerly known as North American Bancard.
- Embedded payments represent a $185-billion annual-revenue opportunity for software-as-a-service companies, up 25% since 2022, according to a study from Adyen NV and the Boston Consulting Group.
- Coinstar LLC unveiled a digital wallet called CINQ by Coinstar, developed with cryptocurrency processor Zero Hash. The new wallet will enable purchases of digital currency with cash at more than 9,500 Coinstar kiosks and on the company’s mobile app, Coinstar says.
- Digital-currency platform BlockFills introduced a service it says helps payments platforms and fintechs process transactions between cryptocurrency and fiat money.
- Vaiu Global, a provider of banking software, unveiled its Ephemeral Token technology, aimed at supporting real-time payments on networks such as the Federal Reserve’s FedNow system.
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