Gross dollar volume on prepaid and other debit cards issued by The Bancorp Bank grew 15% year-over-year in the second quarter, and the bank expects volume growth will exceed that rate in 2024 as it expands existing programs and books new partners. Dollar volume hit $32.8 billion for the quarter, …

With payments-industry competition rapidly getting more intense, long-established players such as Mastercard Inc. could lose out if they don’t change with the times. But Mastercard’s chief executive signaled Thursday that change is just what his company is doing. “We stand ready to compete,” declared Michael Miebach during Mastercard’s second-quarter earnings …

Payments-technology provider Aevi said it is working with contactless-technology firm Bleu to offer tap-to-pay functionality in North America and Europe on both Android and iPhone devices. Cross River Bank said it will enable an expanded menu of payment options through open-banking platform Plaid, including instant transfers for payroll and other applications. Payments provider Lightspeed …

Payments provider Euronet Worldwide Inc. said its money-transfer segment handled 41.1 million transactions in the second quarter, up 10% from 37.3 million a year earlier. The U.S. Treasury Department’s Office of the Comptroller of the Currency, which regulates national banks, assessed a $15 million civil fine against American Express Co.’s American Express National …

NCR Corp. announced names for its two major business units once the company spins off its ATM operations, with both retaining the NCR moniker. The digital-commerce business will be called NCR Voyix, while the ATM operations will be named NCR Atleos. FIS Inc.’s Worldpay processing unit launched Revenue Boost, a service based on …

American Express Co. is working to sign more card deals like the one it has with merchants using Block Inc.’s Square merchant-processing unit, while cardholder spending and revenue for the company have rebounded to hit record quarterly highs, top executives for the travel-and-entertainment giant said early Friday. The good news …

Service provider Finzly said it supports the FedNow real-time payments service that launched Thursday. Other providers— Jack Henry & Associates Inc. and Pidgin—also support the instant payment service. Fiserv Inc. said two of its clients are live on FedNow and nearly 100 others anticipate doing so in coming months. Banking services provider CSI said it offers FedNow access and noted …

The Federal Reserve’s instant-payment service, FedNow, is officially live with 35 banks and credit unions participating, the nation’s banking regulator announced early Thursday. The launch, which culminates four years of work since the Fed first announced its intention to build a real-time payments rail, comes as the payments industry moves …

Payments provider Nuvei Corp. and open-banking specialist Plaid Inc. expanded their relationship to include new services, including bank-based payments for recurring payments and payouts, and new vertical markets, including utilities and business-to-business transfers. Synchrony said its Synchrony Pay Later service will be the exclusive buy now, pay later option at the At Home …

With the Federal Reserve’s rollout of the FedNow real-time payments service expected by the end of the month, a regional Federal Reserve Bank official on Wednesday outlined a roadmap for the new network that includes network interoperability, the possible addition of peer-to-peer payments, and, overall, the prospect of fewer payment …