Issuing/Originating

Payments provider North American Bancard LLC launched its Payments Hub Developer Portal, aimed at allowing developers to view specifications for application programming interfaces, see product information, and link directly to NAB sales and engineering personnel.Buy now, pay later specialist Splitit Payments Ltd. said it will offer its service on purchases by users of the …

Digital fraud, while nothing new for merchants and payment processors, continues to gain momentum and is predicted to surge even higher during the upcoming a holiday season, a report from Arkose Labs says.  Overall, fraud attacks have increased 15% compared to the previous quarter. In addition, Arkose is predicting 8 …

The Western Union Co. named Devin B. McGranahan as its new chief executive, replacing Hikmet Ersek, who is retiring at the end of 2021. Ersek’s 21-year Western Union career includes the past 11 years as CEO. McGranahan comes to the money-transfer giant from processor Fiserv Inc. where he most recently was …

The Western Union Co. is boosting its tie-ins with Mastercard Inc. by integrating the card brand’s direct-to-card and cross-border payments products. Announced Friday, the integration sees Mastercard Send added to broaden Western Union’s payout capabilities in the United States. U.S. recipients of any Western Union transfer will be able to …

Cryptocurrency platform Bakkt Holdings Inc. reported $9.1 million in revenue for the quarter ended Sept. 30, up 38% year-over-year. The company’s net loss expanded 61% to $28.8 million. Bakkt has recently formed partnerships with Mastercard Inc. to allow banks to issue crypto-linked credit and debit cards and with Fiserv Inc. for a future integration …

Klarna AB said it is extending its Pay in 4 buy now, pay later service to subscriptions, the first time BNPL has been offered to this segment of the economy, according to the company.Payfare Inc., a specialist in instant payouts to gig workers, reported its user count rose 37% in the …

Presto, a provider of payment tablets for the restaurant industry, said it will go public through a merger with Ventoux CCM Acquisition Corp., a special purpose acquisition company. The deal values the combined company at an estimated $1 billion. Presto, whose clients include major brands like Applebee’s and Outback Steakhouse, …

Processor Nuvei Corp. announced it handled $21.6 billion in volume in the third quarter, up 88% year-over-year, with e-commerce accounting for 83% of that total. Revenue grew 96% to $183.9 million. Nuvei completed its initial public offering last month and trades on the Nasdaq.Global business-to-business and business-to-consumer e-commerce volume will hit $6 trillion next year, …

Payables-automation company Tipalti Inc. is partnering with Intercash, a provider of prepaid card solutions, to offer Mastercard-branded prepaid cards in 192 countries, including Latin America and Southeast Asia. Tipalti views the cards, which are available to the general public, as a way for businesses to pay unbanked and underbanked workers …

Digital payments have been moving to the automobile dashboard for some time, and now the latest development is user authentication. Visa Inc. and the big automaker Daimler AG are planning to launch so-called native in-car payments starting next spring, according to an announcement early Monday. The new capability will replace …