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- Almost two-thirds of U.S. consumers prefer to pay bills manually rather than through automated services, according to a survey by payments platform MX Technologies Inc. The online research embraced 1,059 adults and was conducted during the first quarter.
- Embedded payments startup Forward closed a $16 million seed financing round led by Commerce Ventures, Elefund, and Fiserv Inc. Forward said the funding will help it meet demand from software partners.
- The medical-payments platform PatientFi said it is widening its collaboration with LaserAway, a dermatology-services chain. The lending platform CredCompare stands behind the effort.
- Point-of-sale system maker POSaBIT Corp., which specializes in the cannabis segment, said its first-quarter interim results will be delayed because its late filing of its 2023 annual financials did not allow enough time to complete the Q1 documents by the May 30 filing deadline.
- Apple Inc. launched Tap to Pay on iPhone in Italy. Payments platforms Adyen, myPOS, Nexi, Revolut, Stripe, SumUp, and Viva are among the first to offer the contactless payment service.
- The FIDO Alliance, developer of the FIDO Authentication standard, debuted the first globally available certification program to test and certify the performance of remote biometric verification technology when verifying a user against a trusted identity document for accuracy, liveness, and bias.
- The Interledger Foundation, charged with building and advocating for an open, interoperable payment network, announced an initiative to fund fintechs that use is Interledger Protocol to develop payments capabilities for emerging markets and underserved populations.
- Mastercard Inc. reported it has opened its European Cyber Resilience Centre at its European headquarters in Belgium. The new office is expected to improve defenses against online threats and improve collaboration between private and public cybersecurity entities.
- Mastercard also announced seven startups joined its Start Path in Solidarity program, which helps fintechs grow by providing financial tools and connections to a broader network.
- The global financial-messaging agency Swift said it and its member banks are experimenting with artificial-intelligence technology to combat cross-border payments fraud.
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