Competitive Strategies

Visa Inc. has restructured its money movement services under the Visa Direct portfolio, which now includes Visa B2B Connect, Currencycloud, Yellowpepper, and Visa Direct. Cash App, the peer-to-peer payment service and wallet from Square, said Lyft ride-share users can now pay for fares with Cash App. Truist Financial Corp. launched its Electronic …

Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, announced early Thursday that consumers and small businesses sent $481 billion dollars over the network during the first half of 2024, a 28% increase from the same period a year ago. Zelle users sent $1.8 million per minute, $110 million …

With several factors at play, CPI Card Group Inc. is launching fresh card technology that reduces the amount of first-use plastics while providing issuers new formats and shapes for their credit, debit, and prepaid cards. Announced Wednesday, the All-in-One technology using the Secora Pay Green technology has been developed in …

Oracle Corp. launched Oracle Health Payments, which the company says combines gateway routing, processing, and acquiring in a single contract for health-care providers. Capabilities include tap-to-pay with Apple Pay, Google Pay, or Samsung Pay. Visa Inc. said it is collaborating with Analytic Partners to enable a data-analytics service for merchants. The fintech Pivot …

Tyfone Inc., a provider of consumer and commercial digital banking services for community banks and credit unions, has launched Payfinia Inc., a separate company that provides real-time payments technology. Payfinia’s flagship product will be the Instant Payment Xchange (IPX), which provides consumers with the ability make an account-to-account payment using …

Two payments providers, in separate developments, are fine- tuning their services for veterinary-practice software makers. Gravity Payments Inc. has an integration with Fear Free LLC, a software developer, and Weave is updating its software for veterinary clinics. Broomfield, Colo.-based Fear Free says it will offer Gravity’s payment option with its …

J.P. Morgan Payments has entered into an expanded relationship with One Inc, a payments platform specializing in the insurance industry, to focus on property & casualty insurance clients. Consumers will spend $1,778 on average during the upcoming holiday season, according to projections from Deloitte Consulting LLP. The FIDO Alliance, a group backing …

Plaintiffs in the lawsuit seeking to overturn the Illinois Interchange Fee Prohibition Act filed a motion late Friday requesting the court deny a request from several merchant organizations to join the Illinois Attorney General as defendants in the suit. At the heart of the plaintiffs’ argument is that the Illinois …

Payments revenue, which grew at a healthy clip through last year, is going to see a drastically slower growth rate over the next five years, argues the Boston Consulting Group in a report issued early Monday. Worldwide payments revenues, which totaled $1.8 trillion last year, will increase at a compound …

Six years after dropping its support for cryptocurrency, Stripe Inc. is once again enabling its merchants to accept the digital money. As of Oct. 9, Stripe merchants can now accept USD Coin, a stablecoin that settles transactions in U.S. dollars. In the first 24 hours after launch, consumers from more …