Repay Holdings Corp. launched its Instant Funding product in Canada. The service uses Visa Inc.’s Visa Direct service to send funds directly to eligible Visa debit and prepaid cards. Repay said Canadian lenders and finance companies can disburse funds electronically and eliminate traditional checks and electronic funds transfer transactions. Repay also …

Wells Fargo & Co. said former Mastercard Inc. executive Colleen Taylor is joining the bank as head of Wells Fargo Merchant Services, the bank’s merchant-acquiring joint venture with Fiserv Inc. Fiserv took over the operation as part of its acquisition of First Data Corp., which last year reached an agreement with Wells …

ClearSale, an online fraud-prevention provider, said online shopping cart 3dcart will offer ClearSale services to its merchants.Payrailz, a payments provider to banks and credit unions, announced it has launched a credit-union service organization (CUSO) called CU Payz.Payments-technology firm Verrency said it has collaborated with Coinify, a digital-currency payments provider, to allow banks …

Prepaid card program manager InComm said it is working with the Los Angeles County Metropolitan Transportation Authority to expand from 450 to 2,000 the number of retail locations where riders can buy and reload the transit system’s TAP cards. The expansion is expected to be complete next year.Associated Bank launched a digital checking …

Apple Inc. made its upcoming Apple Card available to the public on a limited basis. The full rollout of the card—which was unveiled in March, is issued by Goldman Sachs Group Inc., and runs on the Mastercard network—is expected later in the month.Automated clearing house network administrator Nacha said it is “committed to working cooperatively …

Ending months of speculation, the Federal Reserve confirmed Monday it will launch a real-time payments service by 2023 or 2024. The banking regulator, which also published Monday a notice in the Federal Register outlining its plan and requesting comment, will thus take what it says is its biggest move in …

The Federal Reserve is widely expected to announce Monday whether it will enter the business of real-time payments as an operator competing with existing private-sector players.  A so-called public option from the national banking regulator could please retailers and small financial institutions concerned about whether the nascent real-time payments market …

ControlScan expanded its agreement with Clark Brands LLC to offer managed firewall and PCI-compliance services to the petroleum retailer.Installment-payments specialist Klarna, which has processed payments for fashion retailer ASOS in the United Kingdom, extended that relationship to the U.S. market, the companies said.In related news, installment-payment processor Splitit said a survey of more than …

Square Inc. agreed to sell its Caviar food-delivery service to DoorDash for $410 million in cash and DoorDash preferred stock. Square acquired Caviar in 2014 for a reported $90 million.Montreal-based payment firm Nuvei Technologies completed its acquisition of U.S.-based SafeCharge International Group Ltd. for $889 million; the deal brings to Nuvei technology assets and merchant …

The PCI Security Standards Council and Retail & Hospitality ISAC issued a joint bulletin about a growing threat to e-commerce Web sites that the cybersecurity organizations say requires “urgent awareness and attention.” The threat, sometimes dubbed Magecart, involves sites infected with difficult-to-detect malware that skims payment card information during a transaction without …