Issuing/Originating

Mastercard Inc. announced early Wednesday the launch of One Credential, a digital-payment solution that supports multiple payment methods such as credit, debit, and prepaid, as well as installment loans, on a single card. Targeted primarily at Gen Zers, One Credential allows consumers to tailor their payment methods to better manage …

Separate stockholder meetings for Capital One Financial Corp. and Discover Financial Services voted to approve Capital One’s proposed acquisition of Discover, a deal that was first proposed a year ago. Cap One says it now expects the $35.3-billion transaction to close early this year, subject to approval from the Federal Reserve System’s Board of …

Global Payments Inc. will roll out its revamped Genius point-of-sale package of products and services domestically in May as a common brand, with an international rollout late this year, chief executive Cameron Bready assured listeners on a conference call early Thursday. A major repositioning of the Atlanta-based company’s acquiring technology, …

Stripe Inc. announced late Wednesday it is partnering with Spade, a provider of real-time merchant intelligence for card issuers, to provide issuers on the Stripe platform with data to verify a merchant’s identity during the authorization process. Spade provides information such as merchant name, category, and geolocation within 50 milliseconds. …

Zelle, the peer-to-peer payments service from Early Warning Services LLC, announced early Wednesday that dollar volume sent over the network last year totaled a record $1 trillion, up 27% from 2023. Transactions for the year totaled 3.6 billion, a 25% year-over-year increase, while the number of consumer and business accounts …

One Inc, a payments platform for the insurance industry, reported it signed 87 new agreements in 2024, with revenue up 55% for the year. The company exited the year at an annual run rate of $100 billion in processing volume, it said. Corpay Inc. said its cross-border payments platform launched Multi-Currency …

Top executives at FIS Inc. early Tuesday reported accelerating revenue in 2024 and see that momentum carrying into the new year, but the energy appears to be coming from financial technologies apart from the big Worldpay merchant-processing platform. “Worldpay has not been a growth driver in 2024, and won’t be …

Acquirer Square released a new video series called “Running a Restaurant Is No Joke” that uses humor to highlight how Square can help restaurant operators. Now live on Square’s Web site, the series also will appear in various media and social outlets. RedotPay, a digital-currency payments platform, said it is working with …

Paysafe Ltd., one of the world’s largest payments processors, has developed a highly sophisticated stake in online gaming, but lately the odds may favor a change in ownership for the publicly held London-based company, according to industry speculation. News emerged late Thursday that the company’s current valuation–$1.4 billion, down from …

U.S. District Court Judge Virginia Kendell extended the injunction against Illinois’s pending interchange law late Thursday to include more financial institutions but stopped short of providing blanket relief from the law for all financial institutions and the card networks. Kendall, a judge in the Northern District of Illinois, ruled that …