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- Lighthouse Credit Union said it will work with payments-technology provider Alacriti Inc. to update the credit union’s payment operations.
- Point-of-sale equipment maker MagTek Inc. announced an integration with KwickPOS, a restaurant management POS system provider.
- A survey by Bitget Global Inc. of 4,599 cryptocurrency users shows 46% prefer crypto payments because of speed, but 37% point to security risks as an important barrier to adoption. Bitget Global operates Bitget Wallet and Bitget Exchange.
- The U.K.-based payments fintech Zilch Technology Ltd. has been recognized by the Financial Times as the country’s fastest-growing unicorn. Unicorns are private companies with valuations of $1 billion or more. Zilch said it doubled its revenues last year compared to 2023, without disclosing a number.
- The Interledger Foundation, which says it promotes efforts to create “an open, interoperable payment network,” says it has opened $5 million in available funding for projects from fintechs and Web-based “platform projects.”
- Payments platform Adyen NV said its Giving service has generated more than $25 million in donations since 2020.
- Payments fintech Zil Money Corp. appointed Mohanraj Makkuni chief marketing officer. Makkuni previously was founder and director of Greenvironment Innovation and Marketing Ltd.
- Forter Inc. has appointed Jim Lejeal chief financial officer and Cyndy Lobb chief product officer. Lejeal has served in finance roles at Absolute Software, Rally Software, and Splunk. Lobb arrives at Forter from Square, a unit of Block Inc.
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