Issuing/Originating

Same-day pay for hourly workers is not only top-of-mind for employees, but many employers—73% in a new Onbe survey—think so, too, enough for many to begin planning for it. Buffalo Grove, Ill.-based corporate payouts platform Onbe says that is one finding from its 2024 Same Day Pay Survey. Released Monday, …

U.S.-based digital banking and payments platform i2c Inc. said it will work with Beyon Money Business, a banking-technology provider, to launch a corporate expense card program for small and mid-size companies, first in Bahrain and later more widely. Ackroo Inc., a point-of-sale technology provider and gift card platform, announced revenue for the …

At more than $16 billion, revenue for American Express Co. hit an all-time high in the company’s June quarter, and now the travel-and-entertainment card giant is looking to ramp up marketing—radically. The company’s top brass said early Friday AmEx will pour $6 billion this year into selling consumers and businesses …

For the second consecutive quarterly earnings call, executives at Discover Financial Services had little to say about the company’s financial performance, plans going forward, or anything else. With a proposed $35.3-billion merger with Capital One Financial Corp. hanging over them, Discover executives again took no questions, and equity analysts were …

Jifiti, a provider of embedded-financing solutions, is giving a new twist to the buy now, pay later trend with the introduction of Tap Now, Pay Later, a financing tool for large-ticket purchases. Examples include home-remodeling projects, in which funds are loaded into a consumer’s digital wallet via a virtual credit …

Buy now, pay later provider Sezzle Inc. has added Spanish-language capability to its app. The addition is expected to broaden Sezzle’s appeal among Spanish-speaking consumers in the United States. There are more than 40 million Spanish-speaking consumers in the United States, according to Sezzle, while Spanish-speaking customers represent about 22% …

The U.K.-based payments platform Wirex said it will work with Visa Inc. to integrate digital currencies with Visa cards in the U.K. and European Economic Area. As part of the collaboration, Wirex said it is launching Wirex Pay, a service aimed at easing use of both traditional money and cryptocurrency. Payment gateway Freedom …

The Electronic Payments Coalition’s attack this week against the Credit Card Competition Act calls out retailers Target Corp. and Walmart as greedy mega-corporate stores that stand to profit at the expense of consumers should the legislation pass. The aggressive tone of the EPC’s “high six-figure” campaign, unleashed this week, signals …

U.S.-based embedded-finance platform Inswitch announced it will issue and process Visa debit cards locally and internationally for n1co Technologies, a fintech based in El Salvador. Online travel agency Expedia Group Inc. signed a multiyear agreement with Wells Fargo Co. and Mastercard Inc. to launch two new cobranded credit cards. Digital-payments platform Billtrust said Visa Inc. has …

Under pressure from the European Commission, Apple Inc. agreed Thursday to open the contactless-payment technology in its iPhone for payments on wallets from outside developers. The agreement follows two years of investigation by the regulator, which has argued the exclusion of rival wallets from using the iPhone’s near-field communication chip …