Payments processor Nuvei Corp. launched a number of new services, including decoupled pay-ins and payouts, and split payments. Embedded-finance fintech Sunbit announced an integration with payments-technology platform Stripe. The move will bring Sunbit’s services to a wider array of in-person service businesses, the company says. Business-automation provider BlueBean Technologies Inc. said it has completed an integration …
Read More »The Justice Department May Haul Visa Into Court Over Debit Card Issues
The biggest question the payments industry is wrestling with this week is whether the U.S. Department of Justice is about to sue Visa Inc., apparently over debit card issues. The financial wires were abuzz with speculation Tuesday morning that the DoJ could file an antitrust lawsuit before the day is …
Read More »AppBrilliance Teams With Wallet Factory to Bring Real Time Payments to Digital Wallets
AppBrilliance Inc., a provider of real-time payments, has partnered with digital-wallet solutions provider Wallet Factory to enable real-time payments on Wallet Factory’s platform. Wallet Factory will use AppBrilliance’s Money API to enable payments on closed-loop digital wallets via The Clearing House’s RTP and the Federal Reserve’s FedNow networks. AppBrilliance launched …
Read More »Mothership Opts for UnionPay and other Digital Transactions News briefs from 9/24/24
Logistics provider Mothership Technologies Inc. announced it has adopted UnionPay as a payment option to ease international transactions. First Pacific Bank will adopt FedNow real-time payments through a connection to software provider Finastra’s Payments to Go platform. Relay Payments said it is extending its trucking and logistics payments network to Love’s Travel Stops. The …
Read More »Bluefin And Moneris Move to Enhance Point-to-Point Encryption for Merchants
Bluefin Payment Systems LLC expects its deal with processor Moneris Solutions Corp. will significantly streamline Canadian merchants’ payment card security through what the parties say is an enhanced point-to-point encryption solution. Under the terms of the deal, announced last week, Moneris will include point-to-point encryption (P2PE) capabilities in Bluefin’s PCI …
Read More »Walmart’s Pay-by-Bank Option and other Digital Transactions News briefs from 9/23/24
Walmart Stores starting next year will offer a pay-by-bank option through an agreement with processor Fiserv Inc.’s NOW network, which has integrated with the Federal Reserve’s FedNow system and the Real Time Payments network offered by The Clearing House Payments Co. The new payment method, if widely adopted, is expected to …
Read More »A Top Visa Official Outlines Four Big Trends Impacting Acquirers
Acquirers and independent sales organizations wanting to improve their standing among merchants should take note of four trends affecting payments today, according to Bill Dobbins, head of acquiring and enablement at Visa Inc. Dobbins, speaking at the Western States Acquirers Association conference in Las Vegas this week, outlined why the …
Read More »Mastercard’s deal with Safari.com and other Digital Transactions News briefs from 9/20/24
Mastercard Inc. has agreed to a partnership with Safari.com, an Africa-based telecom company, to promote payment acceptance and cross-border payments in Kenya. The Sling Money money-transfer app announced a capability that allows users to load, send, or receive stablecoins while interacting with other wallets or with exchanges. In related news, software developer Envoc said it …
Read More »The Electronic Payments Coalition Weighs in on a Lawsuit Challenging Illinois’s Interchange Law
The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs in a lawsuit challenging the Illinois Interchange Fee Prohibition Act. The lawsuit, brought by Illinois Bankers Association, Illinois Credit Union League, American Bankers Association, and America’s Credit Unions and filed last month in the United …
Read More »Card91’s Digital Prepaid Card and other Digital Transactions News briefs from 9/19/24
Card91, an India-based technology company, introduced a platform that offers a digital prepaid card that also functions as an ID and access card. The product is aimed at corporate employees and students. KM Malta Airlines, a new air carrier, has agreed to adopt a payments-orchestration platform from CellPoint Digital. Online-security firm DefenseStorm said it …
Read More »