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- The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.
- Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.
- Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not disclosed.
- The Western Union Co. and Walgreens Boots Alliance Inc. announced they have extended for five years an agreement that allows Walgreens customers to initiate money transfers and bill payments at almost 9,000 U.S. stores. Western Union also posted a third quarter profit of $173.9 million, down 25.3% from $232.7 million in the same quarter in 2021. It posted revenue of $1.1 billion, down 15.4% from $1.3 billion a year ago.
- Payments provider ACI Worldwide Inc. announced its revenue for the quarter ended Sept. 30 totaled $307 million, up 1% when adjusted for foreign exchange and the divestiture of the company’s corporate online banking unit, which was closed in September. Revenue in ACI’s merchant segment fell 3% adjusted for FX.
- Money mule schemes, multi-customer cross-wallet activity, and the use of crypto exchanges are the most common money laundering techniques, according to a new report from Feedzai.
- Honeywell International Inc. released Honeywell Smart Pay, a contactless payment service for two of its mobile terminals.
- Across a broad swath of emerging payments technologies, Millennials are more likely to embrace the services than their younger cohort, Gen Zers, according to research from the big processor FIS Inc.
- The Consumer Financial Protection Bureau reopened the public comment period for 30 days for its evaluation of big tech platforms.
- Online fraud-protection provider McAfee Corp. will offer its software to holders of personal and business Mastercard cards under a new agreement between the companies. The offer includes 30-day free trials and discounted pricing.
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