News

March, 2023

• 3 March

  A Looming Capitol Hill Meetup Triggers A Renewed Assault on Efforts to Cap Credit Card Costs

  

  As industry lobbyists prepare to converge on Capitol Hill next week, payments interest groups are issuing salvos designed to move the argument over limits on credit card acceptance costs in their favor. One such advance move came Thursday with an email campaign launched by the Electronic Payments Coalition citing a …
• 3 March

  Modern Treasury’s Cross Border Payments Plan And Other Digital Transactions News briefs from 3/3/23

  

  Payments-technology provider Modern Treasury and Silicon Valley Bank launched what they call a global payment solution to let clients of the two companies send cross-border payments at lower than prevailing costs and using local automated clearing house networks. SpecTrust Inc., whose Trust Cloud offers fraud protection for online transactions, said it has …
• 2 March

  Western Union Expands Its U.S.-to-Cuba Remittance Pilot

  

  Nearly two months after announcing it was resuming money transfers from the United States to Cuba, The Western Union Co. is significantly expanding the service to include more than 4,400 locations in the U.S. and Puerto Rico from which remittances to the island nation can be initiated. In addition, U.S. …
• 2 March

  Eye on Payment Tech: Repay’s Volume Rises 25%; CardFlight’s Merchant Base Swells to 125,000

  

  Payment technology provider Repay Holdings Inc. has high hopes in 2023 for two new business segments—Consumer Payments and Business Payments—as its posts $6.6 billion in processed card volume for 2022. In related news, CardFlight, developer of SwipeSimple, a mobile point-of-sale service, hits a record merchant count of 125,000. Repay’s plans …
• 2 March

  CFPB’s BNPL Report And Other Digital Transactions News briefs from 3/2/23

  

  “While many [buy now, pay later] borrowers who we observed used the product without any noticeable indications of financial stress, BNPL borrowers were, on average, much more likely to be highly indebted, revolve on their credit cards, have delinquencies in traditional credit products, and use high-interest financial services such as …
• 1 March

  New verticals now open for North American Bancard Sales

  

    An exciting part of growing a business is when you wade into uncharted territory. In the case of payments processing and the fintech industry, this could be when exploring a vertical that’s relatively new to the game. This excitement can be quickly dampened when banks and other financial institutions …
• 1 March

  Western Union And 7-Eleven Team Up To Enable Cross Border Remittances in Mexico

  

  Western Union Co. expanded its cross-border remittance capabilities Wednesday with the announcement it is partnering with 7-Eleven Mexico to enable money transfers from 1,800 7-Eleven locations in Mexico. The agreement will enable Mexican citizens to send money to more than 200 countries and territories in which Western Union operates, in …
• 1 March

  FIS’s Worldpay Joins With GoDaddy to Enable Multichannel Commerce for Small Sellers

  

  The major processor FIS Inc. said early Wednesday it will work with Web registrar GoDaddy Inc. to offer processing to small and micro merchants for online and in-person transactions. The new service, called Commerce 360, will rely on FIS’s Worldpay processing unit and aims to help sellers reach customers through …
• 1 March

  Elo Adds Tap to Pay Tech And Other Digital Transactions News briefs from 3/1/23

  

  Felix announced its Terminal Tap to Pay technology has been integrated with the Android-based M50 Mobile Computer from Elo, enabling contactless payments on the Elo device. The move follows Stripe Inc.’s move last week to launch Tap to Pay for Android technology in six countries, including the United States. Payments provider ACI Worldwide Inc. reported …

February, 2023

• 28 February

  Thryv Enhances Its Platform With Tap-to-Pay And Document Capabilities

  

  Thryv Holdings Inc., a fintech credit card issuer and provider of small-business management software, has rolled out a suite of new apps for its platform, including tap-to-pay. The new features will enable small businesses to speed payments, streamline document management, and improve communications, Thryv says. Users of Thryv’s platform can now …