Transaction Processing

Cybersecurity provider VikingCloud Inc. announced a multiyear agreement with processor Fiserv Inc. to help small and medium-size merchants counter cyber risks. Cross-border remittance provider DolFinTech said it will work with payments platform Green Dot Corp. to offer a direct-deposit account based on Green Dot’s embedded-finance capabilities and related services. American Express Co. said its eligible …

Bank of America Corp. customers using Zelle initiated a record 1.6 billion transactions totaling $470 billion in 2024. Transaction volume increased 25%, and dollar volume 26%, last year compared to 2023. Zelle has become more popular than checks as a payment method, with Zelle transactions nearly triple the number of …

A top executive at Coinbase Global Inc. said Friday the Securities and Exchange Commission has withdrawn an enforcement action against the cryptocurrency platform, a move the executive lauded as a “victory not just for Coinbase, but for our customers, the United States, and individual freedom.” “We’ve always maintained that we …

Thesis, a venture-financing platform, said its client Fold Holdings Inc. has become the first Bitcoin-related company to go public on the Nasdaq. Fold, trading under the symbol FLD, enables users to earn Bitcoin as rewards on ordinary purchases. Payments processor RevitPay appointed Jack Berry chief revenue officer. Berry formerly was an executive with PaymentCloud. …

Cash App was a big growth driver last year for Block Inc. and is expected to remain so as 2025 unfolds, the company said during a conference call late Thursday to discuss Block’s fourth-quarter results. Block is the parent company of the Square and Cash App businesses. During the last …

New West Technologies Inc. has launched PayFusion365, which relies on an integration of payment processor Braintree with Microsoft Dynamics 365 that is expected to offer merchants the ability to more readily divide payments among retail, e-commerce, subscription, and other uses. Braintree is a unit of PayPal Holdings Inc. Users of the Venmo payments …

Galileo Financial Technologies LLC announced early Thursday the launch of a co-branded debit rewards card for the hospitality and travel industries. In addition to enabling debit card holders to earn rewards on their purchases, Galileo will use its card-issuing, processing, Cyberbank Digital, and program-management technologies to reduce time to market …

Consumers shopping for the latest in Adidas shoes and sportswear have a new payment option online and in-app with Amazon.com Inc.’s Buy with Prime option. In related e-commerce news, pay-over-time provider Affirm says its exclusive buy now, pay later service for Shop Pay on the Shopify platform will be available …

For financial institutions that have so far adopted real-time payments, 58% have opted for both FedNow and The Clearing House Payments Co.’s RTP system. But only 41% of large banks and 28% of businesses agree that the United States is moving fast enough toward adoption of faster payments. This is …

Mastercard Inc. announced early Wednesday the launch of One Credential, a digital-payment solution that supports multiple payment methods such as credit, debit, and prepaid, as well as installment loans, on a single card. Targeted primarily at Gen Zers, One Credential allows consumers to tailor their payment methods to better manage …