Competitive Strategies

• Wells Fargo & Co. will introduce cardless withdrawals to all 13,000 of its ATMs after testing the smart-phone-based service in various locales, a bank executive told Reuters. Wells reportedly is the first bank to roll out cardless ATM withdrawals across its entire ATM fleet. • ATM network operator Cardtronics plc …

• Payments Canada, which owns and operates that nation’s payment clearing and settlement infrastructure, has hired consulting firm Accenture to advise it on a multiyear program called Modernization, which is aimed at creating a faster-payments regime. • Payments-solutions provider ACI Worldwide said its network of more than 130 payment-service providers serving more …

The name might evoke yawns, but the messaging standard known as ISO 20022 will be playing an increasingly important role in electronic payments in the future. The standard goes beyond bare-bones data related to a payment to facilitate the exchange of more information. The Federal Reserve Banks are encouraging more …

• Payments-automation specialist linked2pay has added a real-time merchant-onboarding capability to its Bank Centric Payments platform, allowing independent sales organizations and other resellers enrolled with a sponsor bank to register, underwrite, and board merchants for card processing electronically and immediately. • Mobile-commerce provider Sionic Mobile said it is integrating its ION Commerce …

If it seems payments networks and processors are opening up to outside developers right and left these days, it may be because they are. “I don’t know when the tipping point was, but it feels like it was over the last 12 months,” says Ben Milne, chief executive of Des …

• Money transfer firm MoneyGram International Inc. said last week’s unsolicited $1 billion bid from Euronet Worldwide Inc., outdoing Ant Financial Services Group’s $880 million offer in January, meets the “company superior proposal” definition in the merger agreement with Ant. The determination means MoneyGram can further consider the Euronet offer. • Private-label and cobranded credit …

The Office of the Comptroller of the Currency has provided additional details about evaluating applications for its proposed limited-purpose national bank charter for financial-technology companies, but voices critical of the charter are growing louder. The OCC, a unit of the U.S. Treasury Department that regulates national banks, first proposed the …

As the sweeping plan to update the U.S. automated clearing house network and other parts of the country’s payments system—an initiative known as faster payments—draws nearer, the first hints of what it could mean for merchants are being discussed. The faster-payments project, under the aegis of the Federal Reserve, will …

Boston-based Flywire Corp., which for years has been processing tuition payments for students attending universities in foreign countries, is in the closing stage of a plan to enter the enormous market for processing payments between businesses in different countries. Pilots involving nine companies will run through the end of this …

Ten months after prepaid payments specialist Green Dot Corp. made amends with investor Harvest Capital Strategies LLC over a dispute about the company’s direction, Green Dot is adding a Harvest executive as an observer and advisor to its board of directors, the company announced Monday. Pasadena, Calif.-based Green Dot says Jeffrey …