Mobile Commerce

Payments platform Paysafe, already a competitive processing option for online gaming sites, added a pay-by-bank option enabling online bettors to fund deposits instantly in their accounts. It also can be used for cashing out winnings. The service, which Paysafe says carries no fees to bettors but offers a tiered pricing …

Veritran, a U.S. technology company, said it is working with global financial-messaging service Swift to enable a smoother process for bank customers looking to make cross-border payments. Some 78% of community and regional banks plan to widen payments and merchant services for small businesses in coming months, with 96% planning …

Microchip Technology Inc. has launched a new line of touchscreen controllers aimed at making unattended payment terminals at electric-vehicle charging stations more secure. The new line of controllers, which are part of Microchip Technology’s maxTouch family of touchscreen controllers, encrypt data that flow into the terminal via the touch screen, …

Capital One Corp.’s chief executive late Thursday struck back against concerns that the banking giant’s proposed acquisition of Discover Financial Services will dampen competition in banking and payments. “The facts will show there are no barriers to entry in the credit card business,” declared Richard Fairbank as he fielded questions …

Paystand Inc., a business-to-business payments fintech, announced it has acquired Teampay, a developer of spend-management software. Terms were not announced. Treez Inc. released an e-commerce application for cannabis retailers using its Treez point of sale technology. The new service lets stores create an online storefront and accept payments. Payments platform RevoluGroup Canada Inc. said …

Buy now, pay later provider Splitit Payments Ltd. has launched an installment-payment option for financial institutions that consumers can access at the point-of-sale. Financial institutions can offer the option by connecting directly to Splitit’s merchant networks, through a direct link or through a card network. The payment option, called FI-PayLater, …

Visa Inc. said early Thursday it has joined a network of service providers maintained by Amazon.com Inc. The e-commerce giant’s AWS Partner Network will enable Visa to reach new clients for its payment services, particularly fintechs and independent software vendors (ISVs) accustomed to operating through cloud computing, Visa said. The …

Consumers using SNAP and electronic benefits transfer payments at a U.S. Walgreens Boots Alliance Inc. store now have broader access to the services through DoorDash Inc., a third-party delivery service. Announced Wednesday, the deal means Walgreens shoppers can use their SNAP/EBT payments card at any Walgreens, regardless of where they …

Citing “relative stability” across key business metrics, such as cross-border volume, Visa Inc. late Tuesday reported March-quarter increases of 10% year-over-year in both net revenue ($8.8 billion) and net income ($4.7 billion). Driven by stable consumer spending, dollar volume grew 8%, while total cross-border dollar volume grew 16% and processed …

Block Inc.’s Square point-of-sale unit announced offline-payments capability is now available on all Square devices in all geographies around the world. The move covers Square Stand and Square Reader for contactless and chip, in addition to Square Register and Square Terminal. Square Reader for magstripe, the original Square device, has been covered …