Digital Currency

Cardworks Inc. and its banking unit, Merrick Bank, have agreed to acquire Ally Financial Inc.’s credit card portfolio. The business includes $2.3 billion in receivables and serves 1.3 million active cardholders. Terms were not announced. The card-issuing platform Marqeta Inc. is supporting efforts by Trading 212, a developer of financial apps, to launch …

Point-of-sale terminal maker Sunmi launched several POS devices, including the Flex series, which uses the Android operating system. Bigg Digital Assets Inc., owner of Netcoins, Blockchain Intelligence Group, and TerraZero, said Netcoins Canada is launching eight crypto coins that begin trading Jan. 21.

Reuters is reporting that Apple Inc. is talking to Barclays to become the iPhone maker’s new partner for credit cards, replacing Goldman Sachs. Other financial institutions are said to be candidates as well, including Synchrony. Apple and Goldman launched the Apple card in 2019, but since then Goldman has indicated it will move …

As 2025 begins to unfold, some experts and network providers are beginning to think the year could see a breakthrough for stablecoins, the digital currency generated by a blockchain but with a value tied to a national currency, such as the dollar. That link allows users to deploy digital dollars, …

Payments platform Checkbook has acquired sureti, a provider of technology for the distribution of insurance payouts. Terms were not announced. The Consumer Financial Protection Bureau said it is asking for comment on implementing existing financial privacy law and how to address what it labeled intrusive data collection and personalized pricing. It also wants comment …

A state senator in Oklahoma has introduced the Bitcoin Freedom Act, a bill that would legalize payroll and vendor transactions in Bitcoin in that state. The move follows the state’s passage last May of a Bitcoin Rights bill. FV Bank, a digital financial institution, has expanded its stablecoin offerings with an integration …

The Consumer Financial Protection Bureau sued credit reporting agency Experian over claims it unlawfully failed to properly investigate consumer disputes. In a statement, Experian says the lawsuit is without merit. “It is contrary to longstanding regulatory and judicial precedent and is another example of irresponsible overreach by the CFPB. Our legal position …

The payments industry is heading into the new year with a significant question mark hanging over its head: What does it mean that the massive social network X is apparently planning to launch a payments network? Little is known so far about the initiative. A New Year’s Eve post on …

A software company called Quantum International Corp. said it will launch LootUpApp, technology that it says will use artificial intelligence to help simplify cryptocurrency transactions. A specific date for the launch was not announced. The global prepaid card market is forecasted to have an 18.2% compound annual growth rate through 2031, a Verified Markets …

PAR Technology Corp., a provider of restaurant point-of-sale technology, has paid $132 million to acquire Delaget LLC, a platform providing analytics and business intelligence to the dining industry. The purchase was chiefly made with PAR common stock. The social-media network X will launch a service this year called X Money, which …