Five months after announcing its deal to acquire buy now, pay later provider Afterpay Ltd., Block Inc. is making Afterpay available to Square sellers in the United States and Australia. The move comes as Block, Square’s parent company, officially closed the Afterpay acquisition on Monday. Block agreed to buy Afterpay …

Silvergate Capital Corp. late Monday confirmed widespread reports that it has acquired assets from the stablecoin venture Diem Group. The deal, valued at $182 million in cash and stock, includes Diem’s intellectual property and “other technology assets related to running a blockchain-based payment network,” according to the announcement. The La …

Consumers have turned to mobile and desktop buying in record numbers. Merchants and processors are figuring out how to sustain the surge. E-commerce has been booming since the start of the Covid-19 pandemic and is showing no signs of slowing down. In 2021, online consumer spending totaled a record $855 …

The market for direct transfers between bank accounts is attracting fintechs—as well as the two global card networks—as real-time payments loom. While account-to-account transactions—think the automated clearing house—have been around for years, the shift to real-time payments is giving them a new boost. Little happens overnight in the payments industry. …

Consulting firm The Strawhecker Group announced its list of best-performing payment gateways in a range of categories. CSG Forte and FIS (Express) were co-winners in the best-performing gateway category, with JPMorgan Chase (Orbital) as runner-up. Elavon (Fusebox) won for fastest transactions.With the majority of buy now, pay later accounts going unreported to …

The turbulent story of the Diem digital currency recorded yet another twist with reports on Tuesday that the two-and-a-half-year-old project is seeking to dispose of its assets. The latest news, first reported by Bloomberg, comes less than a year after the Diem Association moved its headquarters from Switzerland to the …

On Tuesday, Plaid Inc., a bellwether of the open-banking movement, announced the availability of Plaid Portal US, a privacy tool for consumers using Plaid’s technology. The move comes as firms that connect financial-services providers with consumer-account data seek to help account owners manage how their information is distributed and used by …

Lost in much of the conversation about digital payments, particularly since the onset of the pandemic, is what to do about the cash merchants take in. The Brink’s Co., which has been hauling and securing cash since 1859, says it has an answer, and on Tuesday it announced it also …

Central bank digital currencies, cryptoassets, and privacy are three major priorities for the Electronic Transactions Association in 2022, the payments industry’s top lobbying group announced late Friday. All three are hot-button topics featuring strong opinions on opposing sides, presenting the payments industry with an uncertain roadmap for navigating the issues …

The acquisition of independent sales organization Payix is expected to bolster payments provider Repay Holdings Corp.’s ability to acquire new merchants, including in the fast-growing and wildly popular buy now, pay later space. Repay on Monday announced its $115-million deal for Payix, which is a registered independent sales organization of Wells …