While mobile-payments growth has fallen short of expectations in the United States, worldwide mobile volume will grow at an average annual rate of 33.8% through 2023, reaching $4.57 trillion by that year, according to projections by Allied Market Research. Market drivers include consumer preference for digital and cashless payments, the firm …

The Request Network, a decentralized payment network built on the Ethereum digital currency, says it is now live on the main network used by Ethereum. This development enables requesting and sending cryptocurrency payments for goods, services, or as peer-to-peer payments, Request Network says. These initial digital-currency payments are available only …

Processor Payment Data Systems Inc., which acquired the independent sales organization Singular Payments LLC in September, reported revenues of $5.62 million in 2017’s fourth quarter, up 94% from $2.89 million a year earlier. Revenues for all of 2017 totaled $14.6 million, up 21%. Full-year credit card transaction and dollar volume …

The Federal Reserve announced Thursday that work began this month on a new study to measure fraud and associated costs to the U.S. payments system as well as identify fraud’s causes and contributing factors. After a competitive bidding process, the central bank hired Boston-based The Boston Consulting Group to do …

JetPay Corp. reported a 15% year-over-year increase in fourth-quarter 2017 revenues to $19.9 million. The payment and payroll processor posted a net loss of $3.9 million, including $2.87 million in accretion of convertible preferred stock. Shift4 Payments said more of its payments services are available to users of ResortSuite, a …

Canadians are now quite comfortable with contactless payments, but they view other new payment forms cautiously, according to new findings from Visa Inc.’s Canadian unit. Some 52% of 1,000 adults polled in February for Toronto-based Visa Canada said they are regular users of contactless cards. Also, 80% of respondents said …

PayPal Holdings Inc.’s Braintree e-commerce processing unit launched Braintree Extend, a service offering that includes support for transaction services, rewards and loyalty, and contextual commerce. Brazil’s central bank this week announced a cap on debit card interchange of 0.80% of the transaction, while averaging no more than 0.50%, according to …

Best known for serving prepaid card providers, Galileo Processing says it is rapidly expanding into other parts of the electronic-payments industry with new services, including application programming interfaces supporting cryptocurrency transactions. Salt Lake City, Utah-based Galileo declined to disclose actual numbers, but said earlier this week that it posted a …

Remember micropayments? Most payments providers gave up on this class of electronic payments several years ago when it became apparent that technology couldn’t crack the problem of high-cost transactions applied to very low-value goods. But now at least one player is attacking the market with cryptocurrency. On Track Innovations Ltd., …

E-commerce platform provider Shopify Inc. chose Google’s cloud services to help host its online stores, Bloomberg reported. Payments provider Net Element Inc. said Jonathan Fichman, a former Bank of America Merrill Lynch executive who currently is managing director of C-Anax Ventures & Advisory, joined its board of directors.