Issuing/Originating

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, …

Merchant interest in accepting cryptocurrencies continues to expand, with headline progress stemming from high-end luxury-goods segments. The latest example comes from ECD Auto Design, a Kissimmee, Fla.-based dealer in restored luxury cars. The company on Thursday announced it is accepting crypto for vehicle purchases. ECD’s move comes as digital currencies …

Plaintiffs seeking to overturn Illinois’s interchange law filed a motion for summary judgement earlier this week and requested that the state’s attorney general drop the case to enforce the law, which is scheduled to go into effect July 1. A motion for summary judgment asks a court to decide a …

Nayax Ltd. has launched what it calls its State-of-Charge feature for EV Kiosk, a service that lets users pay for EV charging while capturing session details separately on a mobile device by scanning a QR code. Klarna AB has agreed to offer payments options, in including pay in full and buy now, …

Fiserv Inc. has acquired CCV, a payments provider operating in Germany, Belgium, and the Netherlands, in a deal aimed at speeding the deployment of Fiserv’s Clover point-of-sale platform in Europe. Terms were not disclosed. Lightspeed Commerce Inc., a payments provider specializing in hospitality, launched an AI-based product that lets clients build …

CellPoint Digital announced early Tuesday Southwest Airlines Co. will begin using its cloud-native payment-orchestration platform. The platform, which launched last month, is designed for airlines and travel companies and supports multiple payment methods, including credit cards, travel credits, alternative payment methods, and Southwest Rapid Rewards frequent-flier points. Consumers can also …

Buy now, pay later provider Klarna AB announced early Monday it is partnering with digital wallet provider OnePay to be the exclusive provider of installment loans to Walmart Inc.’s customers in the United States. Klarna is replacing rival Affirm Holdings Inc. as the retailer’s installment loan provider. Affirm had been …

The Independent Community Bankers of America said its ICBA Payments subsidiary is working with Mastercard Inc. to offer upgraded and enhanced card and payment services for 1,400 community banks. Mastercard will manage all cardholder communication and marketing while ICBA Payments will move its sponsored card programs to Mastercard at no cost and …