News

January, 2025

• 30 January

  Full Send-And-Receive Capabilities Are Key to Growing Real Time Payments, a Report Argues

  

  Despite many financial institutions lagging behind when it comes to the adoption of full send-and-receive capabilities for real-time payments, that trend is expected to reverse itself starting in 2025, says a report from Q2 Holdings Inc., a provider of digital-banking solutions. As more financial institutions add full send/receive capabilities for …
• 30 January

  Mastercard Addresses the Fate of Cap One’s Debit Cards

  

  The pending $35.3-billion merger of Capital One and Discover has concentrated minds in the payments industry for nearly a year, but perhaps nowhere so much as at Mastercard Inc. That became apparent early Thursday as equity analysts quizzed the card network’s top brass about the combination’s potential impact on Mastercard, …
• 29 January

  Opponents of the Illinois Interchange Law Hedge Their Bets With Legislation To Repeal It

  

  A bill was introduced late Tuesday in the Illinois House of Representatives seeking to repeal the Interchange Fee Prohibition Act. The legislation, introduced by Rep. Margaret Croke, chairperson of the House Financial Institutions and Licensing Committee, is the latest twist in an ongoing battle over the IFPA, which became law …
• 29 January

  Eye on POS: Cake POS Taps PopMenu; Shopstr Lands in Shopify’s App Store

  

  Just as acquirers always seek a competitive advantage when courting restaurant clients, so too do restaurateurs. The latest along these lines is an integration between Cake POS and Popmenu, a restaurant-services developer. Shopstr, a travel-booking service, also is now available as a Shopify app. Mad Mobile Inc., the Tampa, Fla.-based …
• 29 January

  Porter Airlines’ New Card and other Digital Transactions News briefs from 1/29/25

  

  Porter Airlines this spring will launch its VIPorter Mastercard card program, working with Mastercard Inc. and the Canadian banking giant BMO. Payments platform Repay announced an integration with the underwriting platform Worth to allow for faster merchant onboarding and vendor connections. Credit union service organization Velera released its card-on-file service that enables cardholders to update …
• 28 January

  How Mega Data Breaches Dominated in 2024

  

  2024 was the year of the mega-data breach, with six breaches accounting for 85%, or 1.4 billion, of the 1.7 billion breach notices sent to victims in 2024. That’s according to The Identity Theft Resources Center’s annual Data Breach report, released early Tuesday. At least 100 million breach notices were …
• 28 January

  Codego Launches Gateway Software While KuCoin Looks to Recover From Its Legal Woes

  

  The fintech Codego Ltd. has launched its Cryptogateway software, which enables merchants in 33 countries to accept cross-border in-person and e-commerce transactions in cryptocurrency and receive the funds in fiat money in an IBAN account. IBAN accounts are typically used to hold funds arising from cross-border transactions. The new service, which works …
• 28 January

  XMoney Signs Visa as Partner and other Digital Transactions News briefs from 1/28/25

  

  X, the social media platform formerly known as Twitter, appears to have signed a deal with Visa Inc. for the card brand to be a partner in XMoney Account, the platform’s possible payments service, reported CNBC.com. Fuel discount platform GasBuddy launched its Pay with GasBuddy+ card issued by Fifth Third Bank N.A. bearing the …
• 27 January

  C-Store Chain RaceTrac Deploys 10-4 by WEX for Cardless Fuel Payments

  

  RaceTrac Inc., an Atlanta-based convenience store chain with more than 800 locations, is debuting cardless payments for truck drivers via the 10-4 by WEX app. The free app enables independent owner-operators to pay for diesel fuel without a physical card at the pump. Users upload their credit or debit card …
• 27 January

  A Japan Deal Expands Nuvei’s Asia Footprint, While Nayax Embeds Payments for Self-Service Devices

  

  Canada-based processor Nuvei Corp. announced early Monday it has closed on its acquisition of Paywiser Japan Ltd., a deal that will expand Nuvei’s position in the Asia-Pacific market. The deal, which includes Paywiser’s acquiring license, will connect Nuvei to merchants in Japan through direct acquiring capabilities. It also includes links …