Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing House Payments Company LLC, totaled 20.7 billion in 2024, a 6.2% year-over-year increase, TCH reported late Monday. Dollar volume during the period totaled $56.4 trillion, a 7.6% rise from a year earlier. Dollar volume on …
April, 2025
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1 April
Eye on Acquiring: PAX Debuts Evolve App; Verifone’s $235 Million Investment
With payment terminals as a foundation, PAX Technology Inc. is extending its acquiring support into payments management with its new Evolve payment application. Meanwhile, Verifone Systems Inc. has lined up $235 million in investment in its latest funding exercise. PAX, which has a U.S. office in Jacksonville, Fla., says Evolve …
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1 April
Stride Is New Affirm Debit Issuer and other Digital Transactions News briefs from 4/1/25
Stride Bank N.A. announced it will issue the Affirm Card, a debit card from buy now, pay later platform Affirm Holdings Inc., becoming Affirm’s latest issuing partner. Affirm says it had 1.7 million active cardholders as of Dec. 31, 2024. Payfave Inc., which does business as Wink, announced it has merged …
March, 2025
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31 March
Ingo Payments Looks to Marqeta to Enhance Ingo’s Embedded Banking Platform
Ingo Payments, a provider of account funding, transfer, and payout solutions, has chosen Marqeta Inc. to be the issuer processor for Ingo’s enhanced embedded-banking platform. The deal will help Ingo Payments provide its customers a scalable technology stack to develop financial products and bring them to market quickly, the company …
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31 March
Crypto Gains Altitude as Private Jet Charters See Potential in the Coins
Two private-jet operators early Monday announced news about their acceptance of cryptocurrency, raising yet again questions about the usefulness of digital currency both for luxury spending and everyday shopping. Clearwater, Fla.-based Hera Flight said it has started accepting Bitcoin, Ethereum, and other cryptocurrencies for charter flights. Meanwhile, Paramount Business Jets …
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31 March
Fiserv’s Clover Goes Down Under and other Digital Transactions News briefs from 3/31/25
Fiserv Inc. has introduced its Clover point-of-sale technology in Australia. The system is now available in 11 countries, supporting a total of 3.5 million POS devices, according to the company. SumUp Payments Ltd. is working with FreedomPay Inc. to offer to the hospitality industry and merchants generally a payments platform with offline capability …
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28 March
QorPay Adds Services From Visa’s Cybersource to Its Payments Menu
QorPay Inc. reported Thursday that it has integrated its payment technology with Visa Inc.’s Cybersource unit to provide new merchant-acquiring and security services to its business customers. Founded in 2019, Scottsdale, Ariz.-based QorPay is a payment facilitator and independent sales organization that works with several banks and a software company …
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28 March
Mobile Wallets And Payment Apps Are Favored for Different Uses, an Onbe Survey Finds
Diners visiting a fast-casual restaurant—think Chipotle, Five Guys—are more likely to choose a mobile wallet to pay rather than a payment app, according to data from disbursement platform Onbe. In its Payouts Landscape Report, 56% of consumers prefer to use a mobile wallet for paying at a fast-casual restaurant, compared …
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28 March
Alacriti Updates Credit Union’s Payments Operations and other Digital Transactions News briefs from 3/28/25
Lighthouse Credit Union said it will work with payments-technology provider Alacriti Inc. to update the credit union’s payment operations. Point-of-sale equipment maker MagTek Inc. announced an integration with KwickPOS, a restaurant management POS system provider. A survey by Bitget Global Inc. of 4,599 cryptocurrency users shows 46% prefer crypto payments because of speed, but 37% point …
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27 March
NMI Taps Mastercard to Power Its New Tap-to-Pay Service for Small Merchants Eyeing Mobile Payments
With an eye on small merchants, payment processor NMI on Thursday announced a tap-to-pay feature driven by Mastercard Inc.’s Cloud Commerce app for Android smart phones or tablets. The service will enable Android-using small and mid-size businesses to accept electronic payments without adding new hardware, Schaumburg, Ill.-based NMI says. NMI-connected …