Transaction Processing

Payment-technology provider Galileo Financial Technologies opened its Latin American headquarters in Mexico City, the company’s first office outside the United States. Galileo is a unit of Social Finance.NTT Data Corp. launched Platea Banking, a digital-banking platform aimed at helping financial institutions modernize back offices to support open banking.Payment gateway Exact Payments LLC appointed Ravi Rajamiyer …

By linking directly to UnionPay’s SecurePlus two-factor authentication application, digital-commerce platform provider Merchant e-Solutions Inc. expects to significantly reduce decline rates for UnionPay debit card transactions in the United States.  Decline rates are an especially nettlesome issue for UnionPay debit card holders, who account for about 60% of UnionPay’s 9 …

Visa Inc. said U.S. debit volume increased 31% in January and 16% in February over the comparable 2020 months, while its credit volume dipped 6% and 8%, respectively. In an 8-K filing, Visa, which did not release actual volume data, said for the quarter to date overall U.S. payments volume …

All eight hotels in The Kessler Collection will accept Bitcoin and other cryptocurrencies under an agreement with digital-currency processor BitPay Inc. Guests will receive an email, from which they may pay using their crypto wallet.Personas Social Inc. launched its Paysonas payment-processing platform, which supports online real-time debit and Bitcoin.Menufy, a provider of online-ordering …

ParkMobile LLC will have a new owner with the pending sale of its parent company, Park Now Group, to EasyPark Group. Announced Tuesday, the deal will see Atlanta-based ParkMobile, which says it has more than 22 million users in 450 cities, become part of Stockholm-based EasyPark. Park Now has been …

Point-of-sale technology provider Handpoint has agreed to adopt the i-Accept technology from MagicCube Inc. The technology allows merchants to accept card transactions on off-the-shelf mobile devices.Citcon, a provider of mobile-wallet acceptance at the point of sale, has agreed to integrate its technology with that of Agilysys Inc., a vendor of point-of-sale technology …

Building on its strategy to support cryptocurrency, PayPal Holdings Inc. announced Monday that it has agreed to acquire Curv Inc., a provider of cloud-based infrastructure for digital-asset security, for an undisclosed sum. Once the acquisition is completed later this year, Tel Aviv, Israel-based Curv will become part of a PayPal …

Payments on the automated clearing house network  have been gliding upward for some time, allowing processors that handle ACH volume to tap into that growth. On Monday, Paya Holdings Inc. showed it’s among the beneficiaries. ACH volume for Atlanta-based Paya reached $3.5 billion in last year’s fourth quarter, up fully 46% from …

Payments provider Priority Technology Holdings Inc. announced it has agreed to acquire Finxera Holdings Inc., a provider of banking-as-a-service technology. Terms were not announced for the transaction, which is expected to close in the third quarter.Mastercard Inc. said it is expanding its Engage platform to digital first deployment, assistance and training through the …

Cryptocurrency can be a volatile store of value and continues to struggle as a medium of exchange, but merchants in some markets are slowly moving to accept it as a faster and cheaper payment method than cards in the face of complications brought on globally by the pandemic or by …