Digital Transactions Authoritative, insightful and timely information for payments professionals
- Credit unions and other credit card issuers cheered as the provisions of the proposed Credit Card Competition Act fell short of becoming an amendment to a defense-authorization bill in Congress. The bill’s sponsors, including Sen. Richard Durbin, D-Ill., had attempted to attach the CCCA to the defense bill as a shortcut to making it law.
- Payments provider Priority Technology Holdings Inc. announced it is working with fintech Valor PayTech to offer a broad array of payments via Valor’s terminals.
- Payments provider Fortis said it has processed more than $20 billion in transaction volume so far this year, up 80% over the same period last year.
- Payments provider BlueSnap Inc. said it is working with cryptocurrency-services provider BitPay Inc. to offer cryptocurrency acceptance capability to merchants.
- In related news, BitNile Holdings Inc. said its BitNile Inc. unit has started work on an online marketplace that will accept Bitcoin and other blockchain-based currencies for consumer-oriented goods. The marketplace is intended to launch in the first half of next year.
- Payments-technology provider i2c Inc. announced it is working with Bank of George to enlarge the bank’s offering for the gaming industry to include virtual and physical credit cards. Bank of George is a unit of GBank Financial Holdings Inc.
- Payments platform Adyen NV announced it is launching what it calls a unified commerce service in Mexico, where the company recently introduced full acquiring capabilities. Adyen says the new service will allow Adyen to control—and offer businesses a full view of—payments flows for both in-person and e-commerce transactions.
- Visa Inc. unveiled its Visa Ready Creator Commerce program, aimed at enabling video-gaming companies, social-commerce providers, and other companies to adopt faster payouts and other services via Visa Direct.
- Card-to-card funding platform Astra announced a $10-million Series A funding round led by FPV Ventures.
Related Articles
Check Also
Google Pay Adds Afterpay And Klarna; BluPeak CU Launches BNPL for Its Debit Card Holders
Afterpay, Block Inc.’s BNPL service, is making its service available to select Google Pay merchants …