OwlTing Group, a blockchain-technology company, is working with MoneyGram International Inc. to support cash-in transactions from local fiat currencies to USD Coin in its OwlPay Wallet Pro service at nearly 50,000 MoneyGram locations in 30 countries. OwlPay Wallet Pro is a blockchain-based, unhosted digital wallet that enables cross-border transactions. USD Coin is …
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Digital-payments platform Flexa is working with Electric Coin Co., to integrate Flexa technology into Electric Coin’s Zcash wallet in an effort to ease the use of digital currencies at U.S. retail locations that use Flexa technology. Licel Corp. said its Virtual Trusted Execution Environment (vTEE) has been approved by the standards body EMVCo …
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Some 79% of airline passengers globally use debit and credit cards for all or most airline travel, but digital wallets and instant payments are gaining ground, according to “Online Airline Booking Insights 2024,” a report from ResearchAndMarkets.com. Some 72% of passengers book most of their trips online. Nearly two-thirds of U.S. …
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PayPal Holdings Inc. has made another move in its efforts to leverage its Xoom cross-border payments platform for its stablecoin, PYUSD. The payments giant early Tuesday said Xoom users will be able to use PYUSD to settle money transfers they make through the service. The news comes just seven months …
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Debit cards not using prepaid funds accounted for 58% of U.S. card spending in 2022, the Atlanta Fed noted in a review of a Federal Reserve Payments Study released last week. Credit cards were used for 36% of payments and 6% of payments were made with prepaid debit cards. Cantaloupe Inc. will serve as …
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Prepaid card platform Blackhawk Network launched eGift Card Links, which allows brands to let customers paste a link into an email, text, or social-messaging app. Recipients access the e-gift card by opening the link and can redeem it immediately. Judopay, a United Kingdom-based mobile-payments platform, said it is entering the North American …
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The National Football League’s Jacksonville Jaguars agreed to use Shift4 Payments Inc. to process ticket sales at its home venue, Everbank Stadium. Buy now, pay later provider Sezzle said retailer Rural King, with 130 stores, will offer the BNPL service. Payments provider Repay Holdings Corp. reported third-quarter revenue of $79.1 million, up 6% from the same …
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Visa Inc. announced it is bringing its Visa Flexible Credential to the U.S. market, starting with Affirm Inc.’s Affirm Card, a debit card that supports buy now, pay later functionality. The network simultaneously is launching the technology in the United Arab Emirates. The flexible credential technology enables users to make payments from a …
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The Western Union Co. announced a data-sharing service aimed at allowing businesses to use information from the payments platform to more sharply target marketing efforts at consumers globally. Visa Inc. has agreed to support palm-recognition technology for payments developed by Tencent, the China-based social-media company, starting in Singapore. The fintech PhotonPay announced it will …
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The Motor City will add cryptocurrency payments for taxes and some fees in 2025, while Alchemy Pay gains money-transmitter licensing approvals in four U.S. states. Detroit will begin accepting cryptocurrencies for city fees and taxes, becoming the largest U.S. city so far to do so, says a statement from Mayor …
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