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- Co-op Financial Services, which operates a network of 30,000 ATMs for credit unions, has rebranded as Co-op Solutions.
- Processor Evertec Inc. announced an extension of agreements with Banco Popular de Puerto Rico, which includes a 10-year extension of a merchant acquiring independent sales organization agreement. Evertec also announced it was acquiring BBR SpA, a Chile-based payments and business tech company for approximately $60 million.
- 4th Wave Inc., a Canada-based banking-platform provider, launched a business-to-business payment service, along with an integrated working capital financing feature, in the United Arab Emirates. The company said its service will rely on the Mastercard Track Business Payment Service as both a buyer payment agent and supplier payment agent. Mastercard Track is an open-loop platform designed to automate payment and data flows between buyers and suppliers.
- RevoluGroup Canada Inc. said its RevoluSend service has initiated a remittance service to Cuba and Morocco, bringing to more than 116 the number of countries the service reaches.
- PayGround, an e-commerce payments specialist, said its application programming interface is now applicable to health-care transactions.
- Payment card shipments will represent $11.7 billion in revenue for providers by 2026, up 20% from $9.7 billion this year, according to Juniper Research. Metal cards alone will account for $4.4 billion four years from now, nearly quadrupling from $1.2 billion this year.
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