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- So-called hidden costs—such as overdraft charges, late fees, and identity fraud—linked to bill payments amount to $196 billion on an annual basis, up 18% from last year, according to a study from bill-payment platform doxo.
- Mastercard Inc. released its 2025 payment trends forecast that discusses AI, small business, and contactless payments, which Mastercard said now accounts for two-thirds of every in-person purchase made on its network.
- The U.S. Payments Forum released its fall market snapshot that includes updates on tokenization, artificial intelligence integration, payment account reference technology, and other emerging tech.
- Automated-billing platform FlexPoint has introduced a same-day automated clearing house payments option featuring artificial intelligence to control risk.
- Fintech Ramp has integrated its capabilities, which include card-issuance and payments services, with Intuit QuickBooks Desktop.
- Payroll and payments platform CloudPay will work with Instant Financial, a specialist in earned-wage access, to offer EWA globally.
- Installment payments provider Affirm Inc. said Sixth Street, a global investment firm, will invest up to $4 billion into Affirm by purchasing Affirm loans.
- Leawood, Kan.-based Euronet Worldwide Inc. announced it will acquire the ATM assets in Lithuania, Estonia, and Latvia from Swedbank and provide outsourcing services to the ATMs.
- The Ralph Dangelmaier Scholarship for Fintech Innovation said it is accepting nominations for $1,000 scholarships to be awarded to undergraduate students. Ralph Dangelmaier is the former BlueSnap Inc. chief executive.
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