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- Cross-border payments specialist Flywire Corp. reported its payment volume rose 75% year-over-year in the fourth quarter, to $3.1 billion. Volume for 2021 totaled $13.2 billion, up 76% from 2020.
- Walmart Inc. announced customers can send remittances from any of its U.S. stores to any of its stores in Mexico for a fee as low as $2.50 through the chain’s Walmart2Walmart money-transfer service. The chain says the fee is 50% or more less than competing services.
- Euronet Worldwide Inc., a U.S.-based international ATM network operator, said Ukrainian cardholders can withdraw cash at its machines in Ukraine, Poland, Hungary, Slovakia, and Romania without fees. The company is also waiving send fees on transfers on its Ria remittance service to Ukraine and Poland.
- ThetaRay said its transaction-monitoring technology, based on artificial intelligence, can help financial institutions detect transactions that violate trade sanctions, including those imposed on Russia this week in response to that country’s invasion of Ukraine.
- FIS Inc. said applications for its 2022 FIS Fintech Accelerator program are now open. Applications will be accepted through April 15.
- Chatsworth Securities LLC announced it is working to help launch Oper Pay, a startup looking to ease mobile payments for restaurants and merchants.
- A health-care payments startup called Lynx said it has received $17.5 million in equity financing in a Series A round led by Obvious Ventures and 406 Ventures.
- Visa Inc. named Frank Cooper III chief marketing officer, effective in May, reporting to chief executive Al Kelly. Cooper comes to the company after five years at BlackRock as senior managing director and global chief marketing officer.
- Fiserv Inc. added chairman of the board to Frank Bisignano’s slate of titles at the processor and financial services provider. Bisignano also is president and chief executive and a current board director. The appointment is effective May 18 pending reelection at the annual shareholders meeting.
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