Credit unions wanting another option among debit card networks have a new choice with the launch of Co-op Solutions’ Co-op Pay Network. Announced Monday, the network is open to all credit unions, regardless of their debit-processing relationships. The new network, which works with regular point-of-sale transactions, PINless transactions, mobile wallets, …

The average U.S. household spends $29,459 per year on bills, amounting to 42% of income, according to the “2023 U.S. Bill Pay Market Size & Category Breakout Report” from bill-pay processor doxo. Mission Lane, a fintech providing access to credit and debit products to more than 2 million consumers, said it …

NCR Corp. has expanded its agreement with Walgreens Co. to provide ATM services to nearly all Walgreens stores in the United States, the District of Columbia, and Puerto Rico. NCR already provides ATM services to an unspecified number of Walgreens locations through its Allpoint ATM network. Walgreens operates 9,021 stores …

Payments provider PayJunction released an updated version of its developer toolset to enable software companies to integrate account-to-account bank transfer connectivity within their platforms. Equipifi, a white-label buy now, pay later provider, said customers of credit union ACU of Texas can now use BNPL as a payment method with their existing debit …

Payments provider Repay Holdings Corp. said it has sold its Blue Cow Software LLC unit to PDI Technologies Inc., a software provider for convenience stores and petroleum-related companies. Terms were not disclosed. Blue Cow came to Repay in June 2021 as a result of Repay’s $503-million acquisition of BillingTree in 2021. Digital identity and fraud prevention …

Citizens Financial Group is partnering with Paymentus Corp., a Charlotte, N.C., provider of bill-payment processing, to offer real-time electronic bill payment and money-transfer services for retail banking customers nationwide. Citizens will be rolling out Paymentus’s Bill Center and Loan Payments products. Bill Center provides users with a view of their bills …

Georgia has joined a small but growing number of states that have introduced legislation to ban the portion of credit and debit card transaction fees that apply to sales tax. The Georgia bill, introduced late last week by Georgia state senator Billy Hickman (R-Statesboro), proposes prohibiting the fees from being …

In a quarterly earnings call held on short notice, top management at FIS Inc. confirmed early Monday the Jacksonville, Fla. -based company plans to spin off its merchant-services business within the next 12 months. The move comes less than four years after FIS acquired the big merchant processor Worldpay for …

Bank of America Corp. said the 608 patents it received in 2022 was a record number and was 19% more than in 2021, with grants covering areas such as mobile banking and payments, machine learning, artificial intelligence, and other technologies. Kasheesh, a digital payments platform than enables consumers to split payments …

Real-time payments are getting more attention in financial services, and vendors are quickly enabling the faster-payment capability. Among the latest to do so is Sionic Corp., with its suite of services that includes its Verified Rapid Payments, and Oracle Corp., with a new set of cloud-based banking services. Atlanta-based Sionic …