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- Nacha, the regulatory body for the automated clearing house network, said its Payments Innovation Alliance group has initiated an effort to define the term “pay by bank” for various industry stakeholders.
- Flexa announced it will now process digital-currency transactions for more than 750 Sheetz convenience stores in the Mid-Atlantic region. The move follows a rollout of the service at a limited number of locations.
- Melio Solutions Inc., a payments platform, raised $150 million in a Series E funding round led by Fiserv Inc. The round values the company at $2 billion.
- Klarna AB announced it is supporting Pay Now and Pay Later services for subscriptions to the Zoom Workplace. Pay Now is available in 16 countries through the collaboration, and, of the 16, Pay Later is available also in the United States, Sweden, and Germany.
- A payments startup called GetAugie Inc. said it has completed necessary integrations to launch its Augie Secured Credit Card during the current quarter on behalf of a national grocer and a payroll-service platform, both unnamed. The issuing institution is TCM Bank, a credit card specialist.
- Voice artificial intelligence services provider SoundHound AI Inc. said its AI phone ordering technology has processed more than 100 million interactions at restaurants. Among its clients are Chipotle, Jersey Mike’s, and Casey’s General Stores.
- The payments fintech BlytzPay named former venture-finance executive Alison Andreozzi president and chief financial officer.
- Former Silvergate Bank president Ben Reynolds has been appointed managing director and head of USD Standard at BitGo, developer of the USD Standard stablecoin.
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