Issuing/Originating

Unlike Visa and Mastercard, Plaid is not just another credit and debit card company largely beholden to the big banks. It uses modern technology, in a sector that has been slow to adopt it, to create a new payments paradigm. It likely has no plans to issue cards or use …

Finally! No doubt, merchants throughout the country are applauding the Justice Department’s suit against Visa to stop its planned acquisition of Plaid, a potential competitor. For far too long, we’ve witnessed the growth of Visa’s dominance of the debit card business, which has come at a huge cost to America’s …

Payment Alliance International Inc. said its fleet of more than 95,000 ATMs will redeem Bitcoin for cash under an agreement with B4U Financial LLC, whose BitLoad4U technology will manage authorization, clearing, and settlement and allow redemption from any cryptocurrency mobile wallet.A Bitcoin variant called Bitcoin Latinum announced a pre-sale launch with availability on exchanges in …

The Western Union Co.’s  real-time digital payout service for sending money real-time to bank accounts, digital wallets, and cards, is now available in 100 countries. The service, which was announced in September 2019 at Western Union’s investor day conference, leverages Western Union’s more than 40 banking and payment partnerships covering more than …

Visa Inc. has formed a partnership with virtual-payments technology provider Conferma Pay to launch Visa Commercial Pay, a venture in virtual commercial cards. Available globally, the suite will be available from Visa’s financial institution clients. Visa and Conferma Pay have a long-standing relationship. “Consumerization of [business-to-business] payments has significantly accelerated during …

Credit cards historically have either been secured by a deposit or tied to a credit limit that remains fixed over time. On Friday, a Toronto-based payments-technology provider announced it is developing an unsecured card that comes with a credit line that varies with cardholder behavior. The Visa-branded Vert card, managed …

Payroc World Access LLC announced the acquisition of Bluestone Payments LLC, an independent sales organization founded by Linda Rossetti. Rossetti will remain Bluestone president and take on the executive vice president, strategic initiatives, role at Payroc. Terms were not disclosed.Payments processor Nuvei Corp. said its Nuvei Technologies Inc. unit has been approved by …

With the Covid-19 pandemic surging across most of the United States, sports and entertainment venue operators are looking for ways to convert cash transactions to cashless payments. In response, Atlanta-based InComm Payments on Wednesday announced the Jacksonville Jaguars organization of the National Football League is allowing consumers to exchange cash …

Point-of-sale technology provider CardFlight Inc. said more than 20,000 new merchants so far this year have installed the company’s SwipeSimple software, bringing the total to 70,000. The technology lets merchants accept mobile as well as in-store payments.Square Inc. released Square KDS, software that displays restaurant order tickets from various points of origin, including point of …

Visa Inc. may be stymied for the time being in its quest to enter the increasingly crucial data-networking business, but its archrival Mastercard Inc. now expects to become a key player in that arena by the end of the year. That’s when the number-two card network says it will close …