Stripe Inc. has doubled its office space in Chicago, leasing more than 44,000 additional square feet on the fifth floor of a building in the city’s River North neighborhood and bringing its total space to about 89,000 square feet, according to Crain’s Chicago Business. Business-technology provider Globant announced it has developed systems for …

Processor Priority Technology Holdings reported fourth-quarter 2024 revenue of $$227.1 million, up 13.9% year-over-year. Revenue for the year totaled $879.7 million, up 16.4% over 2023. The company’s net income swung to a positive $7.2 million for the quarter from a $106,000 loss a year earlier. For the full year, net income was …

The Federal Reserve announced its FedNow real-time payments network this summer will raise its transaction limit to $1 million from $500,000. FedNow was launched in 2023. Kasheesh Inc. launched a loyalty program called Kasheesh Rewards, aimed at letting users earn rewards based on spending. Kasheesh’s platform allows users to split transactions across credit, debit, and …

Compliance services provider LegitScript released a suite of services to help with merchant risk management. Among them is its Xray AI Risk Intelligence platform that can help with scanning merchant Web sites for card network violations, automatically detecting merchant category codes, and matching merchants against LegitScript’s risk intelligence database. Visa Inc. is working …

Fiserv Inc. said it has closed on its previously announced acquisition of Payfare Inc., a Toronto-based earned-wage access firm, for approximately $193 million Canadian, or $133 million U.S. Health-care payments provider RevSpring Inc. launched Let’s Talk, a virtual agent created via artificial intelligence to handle inbound calls from patients, including answering questions and …

The Consumer Financial Protection Bureau has canceled five enforcement moves, including an action against Capital One, Reuters and other news sources reported early Friday. The news came as the nominee to head the bureau, Jonathan McKernan, was testifying Thursday before the Senate in a confirmation hearing. Treasury Secretary Scott Bessent has been …

Marqeta Inc. said it will acquire TransactPay, a processor operating in the United Kingdom and Europe. In related news, Marqeta said its board has appointed chief financial officer Mike Milotech as interim chief executive. He will continue in the CFO role. He succeeds Simon Khalaf, who has resigned as CEO and as a …

Sightline Payments, a specialist in payments for the gaming industry, announced it has completed a recapitalization, with participation from “most” existing major investors. The 15-year-old company estimates the U.S. digital gaming industry at $30 billion in annual revenue. Generation Z is overwhelmingly adopting digital-payment methods, with 92% using peer-to-peer payment …

Cybersecurity provider VikingCloud Inc. announced a multiyear agreement with processor Fiserv Inc. to help small and medium-size merchants counter cyber risks. Cross-border remittance provider DolFinTech said it will work with payments platform Green Dot Corp. to offer a direct-deposit account based on Green Dot’s embedded-finance capabilities and related services. American Express Co. said its eligible …

Thesis, a venture-financing platform, said its client Fold Holdings Inc. has become the first Bitcoin-related company to go public on the Nasdaq. Fold, trading under the symbol FLD, enables users to earn Bitcoin as rewards on ordinary purchases. Payments processor RevitPay appointed Jack Berry chief revenue officer. Berry formerly was an executive with PaymentCloud. …