Issuing/Originating

Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing House Payments Company LLC, totaled 20.7 billion in 2024, a 6.2% year-over-year increase, TCH reported late Monday. Dollar volume during the period totaled $56.4 trillion, a 7.6% rise from a year earlier. Dollar volume on …

Stride Bank N.A. announced it will issue the Affirm Card, a debit card from buy now, pay later platform Affirm Holdings Inc., becoming Affirm’s latest issuing partner. Affirm says it had 1.7 million active cardholders as of Dec. 31, 2024. Payfave Inc., which does business as Wink, announced it has merged …

Ingo Payments, a provider of account funding, transfer, and payout solutions, has chosen Marqeta Inc. to be the issuer processor for Ingo’s enhanced embedded-banking platform. The deal will help Ingo Payments provide its customers a scalable technology stack to develop financial products and bring them to market quickly, the company …

Fiserv Inc. has introduced its Clover point-of-sale technology in Australia. The system is now available in 11 countries, supporting a total of 3.5 million POS devices, according to the company. SumUp Payments Ltd. is working with FreedomPay Inc. to offer to the hospitality industry and merchants generally a payments platform with offline capability …

The big automated clearing house network Nacha says the volume of ACH payments made at originating institutions increased 7.4% from 2023’s report on the top 50 originators and receivers. Nacha released its annual rankings Thursday and says the volume of ACH payments made at originating financial institutions accounted for 93.8% …

The payments platform Wirex Ltd. has launched Wirex Travel, a travel-booking utility offering discounts and cashback to users paying with a Wirex card. Nayax Ltd. has agreed to embed its payments technology within products from N-and Group, starting with the latter’s automated self-service commerce machines. Payments provider Priority Technology Holdings Inc. has launched Ambient, a …

Trumpeting its financing services for small and mid-size businesses, payments giant PayPal Holdings Inc. disclosed Wednesday that it has passed $30 billion in global loan originations. It has extended more than 1.4 million loans and cash advances to more than 420,000 business accounts worldwide since 2013, the company said. PayPal, …

Two U.S. banks, Custodia Bank and Vantage Bank, executed what they say is the country’s first tokenization via blockchain of U.S. dollar demand deposits held at a bank, with the resulting transfer and redemption of stablecoins for a customer. The banks say the test carried low transaction costs and fast settlement. …

Payments platform Blackhawk Network announced it will work with Exchange Solutions, an offers service, to develop loyalty programs for businesses. An American Express Co. and Forbes Insight survey found that 73% of consumers choose a credit card as their preferred payment method followed by debit card, 56%, and cash, 50%. The survey canvassed 2,507 …

Galileo Financial Technologies LLC’s Digital First product ranks first among digital debit card issuers in Javelin Strategy & Research’s inaugural Digital Issuance Provider Scorecard. Sandy, Utah-based Galileo earned top billing for its flexibility, security, and scalability. Javelin ranked eight digital-issuance vendors’ products, using 25 criteria across features and functionality, technology, …