In a bid to make it easier for consumers to pay myriad credit card bills each month, a startup called Fyncr Inc. on Thursday launched a bill-payment app that allows users to aggregate and pay their credit card bills in one application.  With the Fyncr app, credit card holders can …

As part of its effort to help users of its Phixius payment-data network mitigate fraud and enhance payment-routing certainty, Nacha announced Thursday the network will enable originators, fintechs, and financial institutions that originate and receive electronic payments to verify payment-related information, such as account ownership, account numbers, and routing information. …

It was probably only a matter of time before the two global card networks, which have already made overtures to blockchain technology, began venturing into support for central bank digital currencies. News of the latest development emerged very early Thursday with an announcement from Visa Inc. and blockchain software developer …

The chip shortage plaguing POS terminal makers is starting to inflict pain on payment card manufacturers. The forecast for 2022 is that the worst is yet to come. It was only a matter of time before the semiconductor shortage plaguing manufacturers such as auto and computer makers trickled down to …

Mastercard Inc. said it is acquiring Dynamic Yield, a data personalization platform, from McDonald’s Corp. Terms of the deal were not disclosed.The University of Kansas has agreed to support the Passport app to pay for parking at 3,600 spaces across the campus. More than 800 cities, universities, and private operators now deploy Passport, …

To make cryptocurrency more accessible to the general public, BitPay Inc. on Tuesday announced a limited-time promotion with Simplex, a fiat-to-cryptocurrency gateway, to waive fees when BitPay wallet users purchase crypto using a credit or debit card. BitPay wallet users can buy the currency using the BitPay debit card or …

Building on the concept of transferring money directly from a bank account to a debit card, Astra Inc., a provider of bank-to-bank transfer technology, has introduced an application programming interface that enables money to be transferred from one debit card to another using the debit card networks.  The API, which …

The explosion in buy now, pay later point-of-sale lending was bound to catch the eye of regulators sooner or later, and on Thursday the other shoe dropped with a letter sent to five leading BNPL firms from the Consumer Financial Protection Bureau requesting information on their services. The five—Affirm Inc., …

Sweden’s Klarna AB has 21 million users in the U.S. market for its buy now, pay later app, but it wants a lot more. On Tuesday, it announced it will ease payments for its users by letting them pay off installments via direct transfers from their bank account. The service …

The momentum behind open banking has received another boost. Open-banking provider MX Technologies Inc. is partnering with upSWOT Inc. to enable small-to-medium-size businesses to connect their bank accounts to import transaction and account information to dashboards that allow them to view the overall health of their businesses. The dashboards offer …