To make cryptocurrency more accessible to the general public, BitPay Inc. on Tuesday announced a limited-time promotion with Simplex, a fiat-to-cryptocurrency gateway, to waive fees when BitPay wallet users purchase crypto using a credit or debit card. BitPay wallet users can buy the currency using the BitPay debit card or …
December, 2021
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9 December
Fortis Fortifies Its Position With ISVs Via Its Acquisition of VIP Integrated Payments
Fortis has proven in recent months to be one of the country’s most active payments providers when it comes to extending capabilities for independent software vendors, and now it has expanded further in that business with its acquisition of VIP Integrated Payments in a deal announced Wednesday. Terms were not …
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8 December
Eye on Crypto: Visa Launches a Consulting Unit; Nextech Links to Coinbase for Acceptance
With interest in cryptocurrency increasing at the two major card networks, it was only a matter of time before one of them launched a consulting service specializing in the subject. Visa Inc. early Wednesday announced it is launching its Global Crypto Advisory Practice as part of its existing Visa Consulting …
November, 2021
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17 November
Citing a Need for Faster Funding, Euronet Launches a Real-Time Cross-Border Payment Network
To help speed and simplify cross-border payments for businesses, Euronet Worldwide, a Leawood, Kansas-based fintech, on Wednesday launched Dandelion, an end-to-end real-time cross-border payment network. Typically, initiating a cross-border transaction is a slow and manually driven process that involves exchanging emails, phone calls, and invoices between participating parties. Further slowing …
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3 November
Klarna Launches a New App That Brings BNPL Capability to Any Online Store
Two trends have buoyed the payments business since the onset of the pandemic—online shopping and buy now, pay later capability—and on Wednesday Klarna AB launched a new app that exploits both trends by letting consumers use Klarna’s BNPL service regardless of whether the store is a Klarna merchant. The new …
October, 2021
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19 October
B2B and Health-Care Payments Help Drive a Robust Quarter for the ACH
Driven by a surge in business-to-business and health-care claims payments, transactions on the nation’s automated clearing house network swelled 7.7% year-over-year in the third quarter, according to Nacha, the organization that governs the network. Transactions totaled 7.3 billion, up by 520 million, while dollar volume totaled $18.1 trillion, a 13/8% …
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11 October
The Clearing House, SWIFT, And EBA Clearing Partner to Speed Cross-Border Payments
The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have completed a proof-of-concept aimed at introducing faster cross-border payments than are currently available. The three member-owned companies announced Monday they have finished a project to synchronize cross-border payments occurring in one instant-payment system with …
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6 October
The Latest EMVCo Standards Update Aims at Broader—And Streamlined—User Authentication
Stronger authentication for voice-activated payments, as well as streamlined identity checks and support for a wider array of authentication technologies for online payments generally, are included in the latest version of EMVCo’s 3-D Secure standard, the global payments-standards body said Wednesday. EMVCo said its new update, version 2.3, responds to …
September, 2021
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29 September
PayPal Adds Staples to Its List of ‘Return Bars’ for Its Happy Returns Service
As part of its efforts to extend its contact with consumers and merchants beyond checkout, PayPal Holdings Inc. announced Wednesday that Staples Inc. has become the latest merchant partner to serve as a return center for its Happy Returns in-person return service. Staples will roll out the service at its more …
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24 September
Startup Clik2pay Enables Consumers to Tap Their Bank Account For Online Purchases
Seeking to provide online merchants with a lower-cost payment option and consumers a better user experience, a 3-year-old, Toronto-based payment-service startup called Clik2pay is enabling Canadian consumers to pay for online purchases directly from their bank accounts at participating merchants. The new payment option, which launched Thursday, leverages the Interac …