Processor Stripe Inc. launched Stripe Treasury, a banking-as-a-service platform for its merchants, which can open Stripe Balance business accounts. Stripe is working with Evolve Bank & Trust on the service. Merchants can open interest-bearing accounts eligible for FDIC insurance in minutes. Commerce platform Shopify Inc. is one of the first to offer …

Houston-based P97 Networks Inc., a provider of cloud-based mobile-commerce technology, including pay-at-pump, has partnered with Cybersource, Visa Inc.’s fraud-management platform, to expand its PetroZone platform offering to fuel retailers both in North America and overseas. P97 has installations in 140 countries. PetroZone is an EMV-compliant application that enables mobile payment …

The Covid-19 pandemic is driving consumers and merchants to opt for contactless options, and now software that can enable an ordinary smart phone to accept cards via near-field communication is moving faster toward the point of sale. Visa Inc. on Wednesday granted a so-called security compliance allowance to MagicCube Inc.’s …

Sysnet Global Solutions said it acquired the Managed Complication Solutions division of ControlScan Inc. With the acquisition, Sysnet said almost 4 million small and mid-size businesses and payment processing companies use its services. Terms were not disclosed.Fido Merchant Services, a United Kingdom-based payment gateway and merchant services provider, is embarking on …

Nuvei Corp. is making a move to bolster its integrated payments offerings with the acquisition of substantially all the assets of Phoenix-based Base Commerce LLC. Announced Tuesday, the pending deal—it’s expected to close by Dec. 31—will expand Nuvei’s product capabilities with a proprietary automated clearing house platform and additional merchants, Montreal-based …

The Libra Association, the organization behind the Libra cryptocurrency project, said it is renaming itself Diem, Latin for “day.” Acknowledging pressure from governments and regulators worldwide, the association this spring changed course on several key strategies, setting out new plans for single-currency stablecoins and a stronger compliance regime.Commerce platform Shopify Inc. said its merchants had …

A burgeoning opportunity awaits payments firms that can integrate with software houses to serve mid-market clients. Mid-market businesses are increasingly faced with the need to execute on multiple priorities at once, from enhancing customer experience to increasing back-office efficiency to finding ways to drive additional revenue. As a result, they …

Payment at a distance has become a priority as a result of the Covid-19 pandemic. Here are five ways to make that shift go smoothly. The Covid-19 pandemic has transformed the way we live and work in countless ways, and that includes how we pay our bills. Consider a recent …

We are all living digitally infused lives as a result of the pandemic, and as the promise of a vaccine suggests that this may end in the coming year, the question is: will the changes stick? One area of keen interest to retailers and the payments industry is mobile payments, …

Visa Inc. isn’t taking it lying down. The card network last month delivered a rebuke to the Department of Justice over the government’s antitrust lawsuit attempting to block Visa’s $5.3-billion acquisition of Plaid Inc., calling the lawsuit “legally flawed and contradicted by the facts.” The Department of Justice, which had …