Buy now, pay later platform Affirm Holdings Inc. early Tuesday announced it will begin credit reporting for all its loan products to TransUnion LLC, effective May 1. TransUnion is the second of the three credit bureaus to which Affirm is reporting. In March, San Francisco-based Affirm announced it would begin …
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The stablecoin platform Circle Internet Group Inc. late Monday unveiled a payments network aimed at linking financial institutions and digital wallets for cross-border payments. The network, which will enable real-time settlement using what Circle calls regulated stablecoins, represents a major new thrust for the 11-year-old, New York City-based company into …
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Brightstar Credit Union will add real-time payments capabilities through processor Jack Henry & Associates Inc. under a new agreement. The capabilities will include the Federal Reserve’s FedNow service and the RTP network from The Clearing House Payments Co. RentRedi, a mobile app for rent payments and other landlord-tenant functions, introduced Chat 2.0, …
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CompoSecure Inc., a provider of metal payment cards and security technology, is integrating its Arculus cold-storage wallet with MoneyGram Access, which allows digital-wallet users to convert cash into digital currencies. These include such media as USD Coin, a stablecoin backed by U.S. dollars and dollar-denominated assets. In addition, CompoSecure announced …
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Fiserv Inc. announced it will open later this year what it calls a strategic fintech hub in Overland Park, Kan., a suburb of Kansas City, Mo. The new location is expected to create approximately 2,000 jobs. Brightstar Credit Union will add real-time payments capabilities through processor Jack Henry & Associates Inc. under a …
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[Editor’s Note: Following Digital Transactions News publication Friday, a U.S. District Court judge temporarily halted the layoffs at the CFPB, according to the Associated Press. Judge Amy Berman Jackson has scheduled an April 28 hearing on the matter.] A dramatically reduced Consumer Financial Protection Bureau will still operate, but with …
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Shift4 Payments Inc. has extended until May 6 its previously announced all-cash tender offer for all outstanding shares of Global Blue Group Holding AG. The $2.5 billion deal for the Swiss company was announced in February. Shares in Global Payments Inc. tumbled nearly 17.5% Thursday to $69.46 following the news that the payments firm …
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Global Payments Inc. agreed early Thursday to purchase the big processor Worldpay LLC for $22.7 billion. GTCR, a Chicago-based private-equity firm acquired a 55% stake in Worldpay in July 2023 from FIS Inc., while parent FIS retained ownership of the remaining share. Concurrent with the announcement of the Worldpay deal, …
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Top management at American Express Co. early Thursday said the card company’s deal for Center ID Corp., a developer of expense-management software, falls into an overarching strategy to build and reinforce ties with small businesses following years in which AmEx was known for catering to the needs of major firms. …
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Electronic Merchant Systems LLC said it acquired Peel Payments, marking a significant expansion into the petroleum and convenience store segment. Peel also brings familiarity with Fiserv Inc.’s platform, says Afshin Yazdian, EMS chairman and chief executive, “which aligns perfectly as we prepare to launch on that platform and integrate with Clover. …
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