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- Alphabet Inc. will discontinue Google Pay, including its peer-to-peer payments capability, in the U.S. market on June 4, though it will maintain a Google Pay website. In the place of Google Pay, which launched amid much fanfare in 2011, Alphabet is promoting Google Wallet, which appeared in 2022 with wider functionality than payments, including the ability to store documents such as driver’s licenses.
- TD Bank launched a tap-to-pay on iPhone feature aimed at its U.S. small and mid-sized business clients. The technology allows businesses to accept payments by asking customers to tap their credit card on an ordinary smart phone. TD ranks as the 10th largest bank by assets in the U.S. market, according to the Federal Reserve ranking of large commercial banks.
- CanPay, a payments app that lets users pay for purchases at cannabis shops, can now link to consumer accounts at more than 14,000 financial institutions, the company said. Payments are handled via an automated clearing house debit from users’ accounts.
- Payments-technology provider Finzly said it will install technology for embedded banking at Quaint Oak Bank, allowing fintechs to link to the bank via an application programming interface.
- Healthcare payments specialist RevSpring completed an integration with SalesVu, a business management and point-of-sale platform, that enables RevSpring’s merchant services and patient billing in the SalesVu platform.
- Kani Payments said its platform is now available to clients of Pismo, a card-issuing and banking platform owned by Visa Inc.
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