News

June, 2022

• 13 June

  How Small Businesses Are Including P2P Among the Payments Options They Accept

  

  Signs continue to mount that peer-to-peer payments are being adopted by businesses, and in turn could be encroaching on card payments at the point-of-sale.  A recent survey of 530 small businesses conducted by The Strawhecker Group and titled “P2P Payment: A Disruption To Plastic?” reveals that 82% of small businesses …
• 13 June

  AmEx Will Offer A Crypto Rewards Card Later This Year in Tandem With Abra

  

  Abra, a financial-services company specializing in digital assets, and American Express Co. have announced they will offer a rewards credit card that will let users pay with U.S. dollars but earn rewards in cryptocurrency. The new card, expected to debut late this year, will feature benefits such as Amex Offers, …
• 13 June

  Clover Sport in 300 Venues and other Digital Transactions News briefs from 6/13/22

  

  Fiserv Inc. said more than 300 sports and entertainment venues are now using Clover Sport to provide payment and marketing services to fans. Clover Sport is based on Fiserv’s Clover point-of-sale technology.MoneyGram International Inc. launched a service that supports money transfers via the Stellar Network’s public blockchain and USD Coin, a stablecoin from Circle Internet …
• 10 June

  Fleetcor Will Expand Cross-Border Payments With Pending U.K. Acquisition

  

  In a diversification move, business-to-business payments provider Fleetcor Technologies Inc. reported Thursday it had signed a definitive agreement to acquire Global Reach Group, a London-based cross-border payments provider. Terms of the deal were not announced, and a Fleetcor spokesperson could not be reached for comment Friday. Atlanta-based Fleetcor expects the …
• 10 June

  Circle Internet Bids for Taiwan’s Cybavo in a Move to Boost Its Digital Dollar Stablecoin

  

  Circle Internet Financial Ltd. said early Friday it has agreed to acquire Cybavo, a Taiwan-based developer of tools for digital-asset custody and blockchain development. The Boston-based company, perhaps best known as the developer of USD Coin, a stablecoin linked to the U.S. dollar, said the acquisition will provide the technical …
• 10 June

  Mastercard Opens up to NFT Purchases and other Digital Transactions News briefs from 6/10/22

  

  Mastercard Inc. said it is working with seven companies to enable its branded payment cards to be used for making non-fungible token purchases. NFTs are digital goods.Sardine, a provider of anti-fraud and compliance technology to fintechs, said it will work with cryptocurrency-technology provider Zero Hash to enable instant settlement on the …
• 9 June

  Apple’s Decision to Self-Finance Its BNPL Offering Raises Key Questions, Observers Say

  

  When Apple Inc. on Monday announced Apple Pay Later, its buy now, pay later program, the computing giant added an unexpected twist. The new program will not rely for financing on Goldman Sachs, Apple’s long-time partner for Apple Pay. Rather, Apple is setting up its own unit, to be called …
• 9 June

  MX Technologies Formalizes a Partner Network and Rolls Out a Partner Portal

  

  With consumers increasingly turning to fintechs to round out their financial services and get access to those services on their terms, the need to partner with providers of open banking platforms is growing rapidly. To facilitate such partnerships, open-banking network MX Technologies Inc. late Wednesday announced the formalization of its …
• 9 June

  May Online Spending up $1 Billion and other Digital Transactions News briefs from 6/9/22

  

  Online spending in May totaled $78.8 billion, more than $1 billion above April, said Adobe Inc. in its Adobe Digital Price Index.E-commerce platform WooCommerce said it has enhanced its card reader to add the ability for merchants to enter an order in the WooCommerce mobile app and automatically synchronize inventory between in-person and …
• 8 June

  Fiserv Brings Digital Checks to Businesses Through Its Carat Platform

  

  While companies have been steadily moving towards digitalized payments, checks remain a large portion of the business-to-business payment ecosystem. To help accelerate the trend away from paper checks and toward digital payments, Fiserv Inc. announced a partnership Wednesday with Checkbook Inc., a push-payments processor, to enable its Carat operating system …