Payments platform Fleetcor Technologies Inc. has closed on its acquisition of Global Reach Group, a United Kingdom-based provider of cross-border payments. Terms of the deal, which was announced in June, were not released. Ionia, a provider of embedded-payments technology, has joined Visa Inc.’s Fast Track Program, a service enabling fintechs to tap …

At a time when many businesses are struggling to fill job openings, payments provider VizyPay LLC announced on Tuesday it is planning a “hiring blitz” in 2023. In preparation for the influx of new employees, the Waukee, Iowa-based processor named Alex Schaeffer director of learning and development and Marj Chaffin …

The growth of real-time payments over the next five years will gain momentum from cross-border transfers in a global economy, according to research released early Monday. Indeed, the total number of real-time transactions, also known as instant payments, worldwide will reach 376 billion in 2027, up 289% from 97 billion, …

American Express Co. announced AmEx Business Link, a business-to-business payments ecosystem for network issuing and acquiring clients to offer their business customers. Payments provider Newtek Business Services said it has received conditional approval from the Office of the Comptroller of the Currency to close on its acquisition of the National Bank of New …

About three-quarters of online shoppers walk away when they get to checkout, erasing more than $100 billion a year in potential revenue. What is to be done? Most people celebrate December because they’re expecting to enjoy the season’s good cheer—as well as some long-expected gifts. Merchants, of course, like the …

As the market for real-time payments continues to develop in the United States—and as the Federal Reserve prepares for a commercial launch of its own real-time network next year—the race is on to capture market share. There are a number of contenders, but one clear frontrunner is The Clearing House …

Payments provider Adyen Inc. said Moneybird, a software-as-a-service platform, has agreed to use card-issuing and business-accounts services the payments company has recently released. Prepaid card specialist Blackhawk Network announced its rebates-redemption platform has exceeded 1 billion transactions. Rebates are processed via branded gift or prepaid cards. POSaBIT Systems Corp., a specialist in payments processing …

As the market for real-time payments continues to develop in the United States—and as the Federal Reserve prepares for a commercial launch of its own real-time network next year—The Clearing House Payments Co. is celebrating the five-year anniversary this month for its own nationwide service. “We keep plowing forward,” Jim …

Buy now, pay later provider Klarna AB said its service is now included in Viva Wallet, a European payment platform. Klarna says it serves 150 million active users globally, conducting 2 million daily transactions.In the wake of the implosion of cryptocurrency exchange FTX, Silvergate Capital Corp. said FTX’s deposits at the bank totaled $11.9 …

Overall consumer spending per household moderated in October compared to September, up 2.9% year-over-year vs. 3.2%, according to a study from Bank of America Institute. Still, total transactions for the bank—cards, ACH, wires, bill pay, P2P, cash, and checks—increased 9%. Payments provider Green Dot Corp. reported consolidated gross dollar volume of $18.7 billion …