Digital Currency

Fanatics, a retailer selling sports merchandise, is one of the first merchants to sign up for a point-of-sale installment payment service from Fiserv Inc. and QuadPay.Lightspeed POS Inc. made its shares available for purchase in the United States. The Canadian point-of-sale system developer also filed its application to list its shares …

Debit card spending increased 9.4% for the week ending Aug. 30 from the week ending Sept. 1, 2019, for credit unions working with PSCU, a credit union service organization. For the same period, credit card spending was down 2.5%. Mobile wallet use with a debit card increased 68% and those with …

In the nearly four months since it underwent a major downgrade in the incentive it offers miners, Bitcoin has seen its price rise nicely, but holders of the digital currency have not yet, at least, witnessed the wild upswing that followed the last such adjustment. Bitcoin was trading at $10,483 …

TransferMate Ltd., a provider of cross-border business-to-business payments technology, said it has won a payments license in Mexico.The Association of International Certified Professional Accountants and CPA.com announced they are seeking applicants for the 2021 startup accelerator program, whose specialty is accounting, finance, and regulatory technology.Cryptocurrency provider Crypto.com launched a French version of its app …

Blockchain-based business-to-business payments platform Paystand Inc. reported its service now supports 140,000 businesses, up 40% year-over-year, including 150 new enterprise clients. It also said its revenue has grown 1007% over the past three years.Cryptocurrency provider PayFBit announced it is organizing an initial coin offering to help fund the company, which offers a wallet, peer-to-peer …

Payments providers Fortis Payment Systems LLC and Blue Dog Business Services LLC announced they have merged. Terms of the transaction were not disclosed.ATM portfolio manager Payment Alliance International Inc. said it has acquired the Cash-N-Go ATM portfolio of Cash N Go ATM Network Inc. The deal adds almost 400 machines to Payment Alliance’s portfolio, …

Consumer complaints about payment products and services have shot up since March, when the national emergency was declared to deal with the Covid-19 pandemic. Complaints about credit and prepaid card products are up 29% over the same period last year, and gripes about money-transfer, virtual-currency, and money services have soared …

The big card networks have been introducing a one-click e-commerce checkout and plan to take it overseas by next year, but now a Ripple Labs Inc. executive may beat them to the punch with a single-click capability for Ripple’s XRP cryptocurrency. In what he characterizes as a “personal project,” Ripple director …

Payment processor Repay Holdings Corp. acquired cPayPlus LLC, a provider of accounts-payable automation technology. Repay paid $8 million at closing and could pay $8 million more in 2021’s third quarter depending on cPayPlus’ achievement of growth targets.After a limited release in May, a 3-year-old challenger bank called Dave announced it will issue debit cards …

U.S. Bancorp, owner of merchant acquirer Elavon Inc., saw merchant-processing revenues decline 34% year-over-year in the second quarter to $266 million thanks to reduced consumer and business volumes caused by the Covid-19 pandemic.Processor Shift4 Payments Inc. has been named the official credit card processing company for the Las Vegas Raiders National Football …