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- The Federal Reserve announced its FedNow real-time payments network this summer will raise its transaction limit to $1 million from $500,000. FedNow was launched in 2023.
- Kasheesh Inc. launched a loyalty program called Kasheesh Rewards, aimed at letting users earn rewards based on spending. Kasheesh’s platform allows users to split transactions across credit, debit, and gift cards.
- Expedia Group, a provider of technology for travel, said it will rely on Flex Pay for payment options offered in the U.S. and Canadian markets for cruise vacations.
- Swipesum, a consultancy for payment processing, has launched AllyPay with Facility Ally, a provider of technology for sports and entertainment venues. AllyPay offers embedded-payments capability for venues.
- Research by SecurityMetrics indicates that all cases of data skimming by online criminals are due to security failures on the merchant’s referring page rather than because of malicious script on a third-party hosted payment page, indicating skimming risks stem from a merchant webserver rather than from the payment provider.
- The payments platform Papaya Global said it will work with Sumsub, a provider of compliance technology, to support verification and fraud-prevention capabilities for Papaya.
- Organic Payment Gateways said it will provide payment processing for medical spas, also known as medspas
- Embedded-payments specialist VoPay International Inc. has launched its API GPT Assistant, a utility based on artificial intelligence and aimed at assisting engineers and others in integrating financial technology.
- Mews Systems B.V., a payments-technology provider for the hospitality industry, said it raised $75 million in a funding round led by Tiger Global. The company said it processed more than $10 billion in 2024.
- Buy now, pay later platform Equipifi Inc. has added former Congressman Patrick McHenry as a senior advisor.
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