Digital Currency

The big processor FIS Inc. may be a possible acquisition target of Visa Inc., according to news reports that emerged last week. The card network reportedly was eyeing FIS before the processor announced last month it would spin off its Worldpay processing unit but might still bid to acquire all or part of the …

Payments-technology provider Modern Treasury and Silicon Valley Bank launched what they call a global payment solution to let clients of the two companies send cross-border payments at lower than prevailing costs and using local automated clearing house networks. SpecTrust Inc., whose Trust Cloud offers fraud protection for online transactions, said it has …

Buy now, pay later provider Klarna AB said its 2022 loss of 10.47 billion krona ($1 billion) grew on its 2021 loss of 7.1 billion krona ($680 million). This comes amid growth in 2022. The United States became Klarna’s largest market in December. Also, Klarna will begin collecting late fees from United Kingdom consumers who miss a payment, …

The U.S. Supreme Court has agreed to hear a case challenging the constitutionality of the Consumer Financial Protection Bureau. The move follows a federal appeals court decision in October that ruled the way the CFPB is funded is unconstitutional because it is not controlled by Congress. Financial marketplace LendingTree launched a Visa credit card in partnership …

The Western Union Co. has collaborated with the fintech Beforepay to offer users in Australia the option of boosting money transfers with loans up to 2,000 Australian dollars ($1,349 US) in a service billed as send now, pay later. American Express Co., working with the National Trust for Historic Preservation, will …

Block Inc. has been a fast-growing payments machine over the years since its founding in 2009, and now the company is looking to slow down somewhat and focus more intently on profit growth, according to top executives. That move could start with personnel. “We plan on slowing our pace of …

Payments provider Nuvei Corp. closed on its previously announced $1.3-billion deal to acquire Paya Holdings Inc. Nuvei will release fourth-quarter and full-year 2022 results on March 8. Earlier this week, Paya released figures indicating its 2022 payments volume totaled $49.5 billion, with 2022 revenue of $282.7 million and net income of $8.3 million. Processor Evertec …

The leading digital currency Bitcoin hasn’t returned to the values it enjoyed early last year, but it appears to have rebounded from the beating it—and the cryptocurrency industry as a whole—took in the wake of the sudden collapse in November of the major trading platform FTX.com and the bankruptcy in …

The cryptocurrency exchange Bitcoin of America announced users can pay their utility bills at kiosks operated by the company in Illinois and Texas by converting their virtual currency holdings into dollars at the machines. Samsung Electronics Canada launched a new version of its Samsung Galaxy S23 Series of mobile phones in that country, with …

Bank of America Corp. said the 608 patents it received in 2022 was a record number and was 19% more than in 2021, with grants covering areas such as mobile banking and payments, machine learning, artificial intelligence, and other technologies. Kasheesh, a digital payments platform than enables consumers to split payments …