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- The Federal Reserve launched a user group for the 607 financial institutions that have signed on so far to participate in FedNow, the real-time payments network the regulator launched last summer with 35 participants, a count that had reached 400 by January. All live financial institutions and certified service providers are eligible to participate, the Fed says. Interaction among group members will be mainly during webinars, roundtables, and working groups.
- The payments platform GoCardless said it has agreed to acquire open-banking service Sentenial Ltd., which operates under the name Nuapay, from EML Payments Ltd. Terms were not announced. GoCardless says it processes more than $35 billion in payments volume annually in more than 30 countries.
- Cannabis dispensary point-of-sale system provider CanPay released RemotePay, a service that enables consumers to prepay their cannabis purchases when ordering online or through a participating dispensary’s app.
- Processor Jack Henry & Associates Inc. announced the Independent Community Bankers of America has adopted four of its technology offerings for the association’s Preferred Service Provider program, including Banno Business, JHA SmartPay Remote Deposit Now, Synergy Document Management, and Centurion Data Backup and Recovery.
- RightCrowd, a provider of technology for identity and access-management, appointed Jason Bohrer chief executive. Bohrer comes to the company from the Secure Technology Alliance, where he served as executive director.
- WorkWave, a field services software provider, said it will offer pay-over-time financing for home services from Wisetack and embedded financing services from YouLend to its clients. Wisetack can help consumers finance larger purchases and YouLend provides WorkWave clients access to capital.
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