PayPal Holdings Inc. announced early Monday it is launching a version of its Venmo peer-to-peer payment service tailored for teenagers. With the new program, parents holding a Venmo account can open one for a child aged 13 to 17 that will include a Mastercard debit card. Parents can exercise control …

Small businesses in Canada will reap lower interchange rates in that country, the Department of Finance Canada announced Thursday. The deal suggests a similar reduction is possible in the United States, the Merchant Payments Coalition quickly responded. Both Mastercard Inc. and Visa Inc. agreed to lower the domestic consumer credit …

Marathon Digital Holdings Inc., a digital-asset company that supports the Bitcoin ecosystem, is teaming up with Brink Technology to raise $1 million to support Bitcoin Core developers that maintain the Bitcoin protocol. Brink Technology works to strengthen the Bitcoin protocol and network. The Bitcoin protocol enables Bitcoin to function as …

Galileo Financial Technologies LLC has reached an agreement with Amazon.com to make its platform available to buyers on Amazon’s AWS Marketplace. AWS marketplace is a digital catalog that features software listings from independent software vendors. Businesses use it to find software that runs on Amazon Web Services (AWS), a unit …

Few, if any, business sectors are as hotly competitive these days for payments providers as hospitality, and in particular, restaurants. Major firms from Block Inc.’s Square unit to Toast Inc. to Shift4 Payments Inc. have big stakes in this market. But that hasn’t stopped one other entrant, Lightspeed Commerce Inc., …

Sezzle is fine-tuning the buy now, pay later experience with the debut of its Pay-in-2 product. Just as its name suggests, the new product splits transactions into two payments, which can help expand BNPL to new categories, such as grocery, monthly subscriptions, and other high-frequency categories, Sezzle says. Consumers choosing …

Paysafe Ltd. has been all about growth since Bruce Lowthers took over a year ago as chief executive, and on Tuesday he contended the London-based processor is expanding nicely in its key wallet and iGaming markets. “We returned to growth in the second half of 2022,” Lowthers told equity analysts …

Jack Henry & Associates Inc., one of the earliest participants in the Federal Reserve’s nascent FedNow real-time payments platform, said early Monday it is “operationally ready” to support the service when it launches commercially in July. The Monett, Mo.-based processor said more than 20 client institutions are set to connect …

Payroc WorldAccess LLC has acquired Atlantic Merchant Services, LLC for an undisclosed sum. Raleigh, N.C.-based-Atlantic Merchant serves merchants and businesses across the mid-Atlantic region, as well as West Virginia, Tennessee, Michigan, and Texas. Atlantic Merchant’s services include touchscreen POS, mobile solutions, e-commerce, countertop terminals, and smart-phone applications. Merchant segments serviced …

Mid-size payments processors have contended with a pandemic, a sharply rising cost of funds, and pronounced inflation over the past few years, but that hasn’t stopped them from capturing volume, particularly from the small and medium-size merchants that have long been their specialty. In results reported early Thursday, Alpharetta, Ga.-based …