Marqeta Inc. late on Tuesday announced it will continue processing transactions for Block Inc.’s Cash App card product for another four years under a new agreement between the companies. The renewal will see San Francisco-based Block using Marqeta’s issuing platform through June 2027. The announcement comes days after Block reported …

BitPay Inc. expanded the payment capabilities of its cryptocurrency wallet Tuesday with inclusion of bill payment. BitPay users can now pay bills with digital currency at more than 5,000 billers, the Atlanta-based company says. To enable bill payment, BitPay has partnered with Method Financial, an Austin, Texas-based provider of embedded …

As account-to-account payments raise their profile in the payments arena, Dwolla Inc. has launched Dwolla Connect to enable businesses to integrate the payments into their apps and connect with existing cash-management systems. One of its chief utilities is enabling a centralized location for payment information. Announced Tuesday, Dwolla Connect provides …

Card skimming remains a vexing problem in the United States, with the number of reported incidents increasing 20% during the first half of 2023 compared to the same period in 2022, according to the credit-data firm FICO. More concerning, however, is that the number of cards compromised as a result …

Add a stablecoin to the roster of PayPal Holdings Inc.’s financial and payments products. Announced Monday, the PayPal USD will begin rolling out to PayPal accountholders today and in coming weeks. A stablecoin is a form of cryptocurrency pegged to a reserve asset viewed as stable, such as gold or …

Canadian fintech Nuvei Corp. is partnering with iGaming operator 888 Holdings Inc. to provide card acquiring and payment in the United States. The deal expands both companies’ footprint in the U.S. market Montreal-based Nuvei will enable 888 to accept deposits into iGamers’ accounts. In addition, iGamers will be able to …

Block Inc., corporate parent of Square and Cash App, posted $5.5 billion in second-quarter revenue, a 25% jump from $4.4 billion in the same quarter a year ago, as the payments provider pushes on with its move to add larger merchants. The midmarket segment now accounts for 40% of its …

FedNow, the Federal Reserve’s real-time payments platform, was supposed to start up toward the end of last month. It’s been eagerly awaited by the U.S. payments industry and will add to the rarefied ranks of instant-payments services for businesses and consumers. But what can we expect when the rollout’s hullaballoo …

The top brass at fast-growing payments processor Shift4 Payments Inc. indicated early Thursday the company is banking on sophisticated platforms like its SkyTab point-of-sale system in the face of rivals’ efforts to hit hotels and restaurants with additional fees. The Allentown, Pa.-based company is also looking to expansion in Europe …

The Clearing House Payment Co. LLC, operator of the Real Time Payments network, said Wednesday that more financial institutions are making use of its Request for Payment capabilities. Request for payment has been a feature of The Clearinghouse’s real-time payments network since it launched more than five years ago. The …