Real-time Payments

October, 2022

• 13 October

  For Real Time Payouts, Remitly Adds Visa Direct in Canada

  

  Remitly Global Inc. Thursday announced it is making Visa Direct, Visa Inc.’s real-time push-payments platform, available to its customers in Canada. The deal expands Remitly’s online remittance service in Canada by providing Visa Direct as a payout option, the company says. With Visa Direct, Remitly customers in Canada can now …
• 12 October

  IPwe and Advasa Team Up To Expand Earned Wage Access

  

  IPwe Inc., a provider of predictive analytics and blockchain technology, is partnering with Advasa Co. Ltd., a provider of earned wage access solutions. The deal will enable Advasa’s to expand its earned wage access business globally. Earned wage access provides employees the ability to access a portion of their already …
• 7 October

  TCH, SWIFT, And EBA Clearing Close in on a Pilot for Real-Time Cross-Border Payments

  

  The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have taken the next step in making their planned real-time cross-border payments pilot a reality. The three companies announced late Thursday that the technology piece of the puzzle is ready. This includes technical messaging between …
• 7 October

  Crypto Exchange FTX Announces an Internationally Focused Debit Card Branded by Visa

  

  One of the ways cryptocurrency is becoming more familiar to consumers and merchants is through debit cards backed by crypto holdings. The latest development in this trend came to light early Friday with an announcement that the crypto exchange FTX.com will offer Visa-branded debit cards around the world. A launch …
• 7 October

  U.S. Retail Sales Increase 11% And Other Digital Transactions News briefs from 10/7/22

  

  U.S. retail sales, excluding automotive, increased 11% in September from September 2021, Mastercard Inc.’s latest SpendingPulse report found. E-commerce sales were up 10.7% year-over-year. The fuel and convenience sector had the highest growth, at 23.5%, last month. The luxury sector experienced a 5.2% loss against September 2021 sales.U.S. consumers plan to spend …
• 5 October

  SWIFT Completes CBDC Tests And Other Digital Transactions News briefs from 9/20/22

  

  The SWIFT international payments network announced two tests it has completed have shown that central bank digital currencies and other tokenized assets can be handled without incident on existing processing technology.In related news, the fintech CryptoBucks said its CrytoBucks Wallet is available for download from the App Store and Google Play. The wallet allows …
• 4 October

  Legislative Pressure Mounts to Curb Fraud on Zelle

  

  Pressure from the Senate Banking Committee on Early Warning Systems LLC, operator of the Zelle peer-to-peer payment network, is rising as committee members continue to press Early Warning for information about the extent of fraud on the network. A report released by Sen. Elizabeth Warren’s office late Monday charges that …
• 3 October

  Boston Consulting Group: Payments Revenues Will Stay Resilient Despite Headwinds

  

  Despite economic headwinds from supply-chain bottlenecks and geopolitical instability, the payments industry continues to show resilient revenue growth, says a new report from the Boston Consulting Group. Global payments revenues are projected to grow about 9.5% in 2022, according to the report. Beyond this year, revenues are projected to grow …
• 3 October

  Lightspeed Restaurant Tweaked And Other Digital Transactions News briefs from 10/3/22

  

  Lightspeed Commerce announced it has added a data-analytics capability, Lightspeed Advanced Insights, to its Lightspeed Restaurant payments service.The French payments company Worldline announced it has closed on the sale of its Terminals, Solutions & Services unit to Apollo Funds. The 2.2-billion-euro deal, which includes the Ingenico line of point of sale devices, was announced in …

September, 2022

• 30 September

  Circle Looks to Its Deal for Elements to Ease Crypto Payments for Merchants

  

  Blockchain players have been working for years to bring digital currencies to the point of sale, leading to Circle Internet Financial LLC’s announcement Thursday it has acquired a San Francisco-based payments-technology firm called Elements to make it easier for stores to take crypto, including Circle’s stablecoin, USD Coin (USDC). Terms …