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- The Department of Justice approved Capital One Financial Corp.’s $35-billion proposal to acquire Discover Financial Services, noting it does not see strong enough competition concerns to scrub the deal, which was first proposed by the two parties in February last year.
- PointsKash Inc. said it has concluded an agreement with Discover Network to issue prepaid rewards cards to PointsKash users from PointsKash kiosks around the country.
- Payments stocks across the board are down in early trading Friday along with the general market as investors respond to tariffs imposed recently by the Trump Administration.
- Processor Nayax Ltd. said it will hold hardware prices steady on shipments to U.S. customers in spite of new import tariffs. The company assembles most of its devices in Israel and the Philippines, serving more than 95,000 merchants globally.
- Aria, a business-to-business payments provider, has chosen a digital-wallet service from Mangopay for its embedded-payments solution.
- Mastercard Inc. agreed to work with Unipaas Payments Technologies Ltd., an embedded-payments platform, to boost card acceptance for small merchants that largely process transactions manually and in an off-line mode.
- The Western Union Co. said it is offering money transfers at no fee to consumers globally responding to the earthquake in Myanmar.
- The cryptocurrency exchange KuCoin said it has completed its SOC Type II audit, which relates to security and compliance under the international SOC 2 standard.
- Yumi Hosaka, whose experience includes positions at Capital One, Intuit, and PayPal, has joined the board of directors of buy now, pay later platform Kueski Inc.
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