Digital Currency

Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its posting lower than projected gross profits during the first quarter, the company said during a conference call late Thursday to discuss its first-quarter results. Block is the parent company of the …

Cryptocurrency remains far from mainstream payments, but it keeps edging closer in the United States and worldwide. Further evidence emerged early Friday with news that the money-transfer platform MoneyGram International Inc. has launched MoneyGram Ramps, an application programming interface aimed at easing crypto-based transfers. Simultaneously, a crypto app called Bitget …

The payments industry may soon be wrestling with the fallout from the upcoming $35-billion merger of Capital One Financial Corp. and Discover Financial Services, and one key question emerging from the deal is how it will affect Mastercard, the network for Cap One’s credit and debit cards. Early on Thursday, …

Electronic Merchant Systems, also known as EMS, said it has invested in Payment Nerds and Pet Payments, both of which have signed distribution agreements with EMS. The extent of the investment was not disclosed. Merchant services and check printer Deluxe Corp. reported $536.5 million in first quarter 20245 revenue, up 0.3% from …

Affirm Inc. has launched AdaptAI, a promotions platform aimed at merchant clients and relying on artificial-intelligence technology. Business-software platform onPhase announced it will incorporate the Paymode business-payments feature from Bottomline Technologies Inc. Bluefin Payment Systems LLC has agreed to integrate its payment-processing platform and point-to-point encryption technology in C-Park, the parking-management software from Campus …

PayPal Holdings Inc. recorded a tepid 1% growth rate in revenue in the first quarter, with overall transaction revenue flat, but the company’s stress on branded checkout appears to be yielding more optimistic results, the company reported early Tuesday. PayPal is also building up its cryptocurrency business and beginning a …

Shift4 Payments Inc. reported early Tuesday it logged volume of $45 billion for the first quarter, up 35% year-over-year, while revenue climbed 20% to $848.3 million and gross profit hit $240.7 million, up 37%. OneCause launched OneCause Payments, a payments platform for nonprofits that offers processing from Stripe Inc. and Deluxe Corp. …

Stripe Inc. will launch a stablecoin-based payments service aimed at businesses outside the United States, United Kingdom, and European Union, its chief executive, Patrick Collison, announced on social media. The news follows last week’s announcement by Circle Internet Group Inc. of a cross-border stablecoin initiative. Payments fintech WEX Inc. launched WEX EV Depot, a service …

In keeping with Washington’s friendlier attitude toward cryptocurrencies, the Federal Reserve and the Federal Deposit Insurance Corp. on Thursday pulled statements they had issued early in 2023 that had indicated a tougher stance on crypto regulation for banks. The regulators’ new approach, as indicated in a statement issued late Thursday …

The payment-services unit of Discover Financial Services reported $96 billion in volume for the first quarter, a 4% drop year-over-year, though increased debit card activity lifted Pulse’s dollar volume 3%. Diners Club volume also increased, growing 18%, but the Network Partners unit recorded a 73% slide “reflecting the anticipated exit of a …