In the summer of 2019, the giant processor FIS Inc. massively expanded its merchant-acquiring business with its deal for Worldpay. The $43-billion acquisition was supposed to hand FIS a huge advantage in economies of scale and let it leapfrog rivals like Fiserv Inc., which itself had just completed a $22-billion …

These days, reaping the benefits of account based ticketing requires knowledge, vision, and planning. Account based ticketing (ABT) is not a new technology in the transportation industry. In fact, smart ticketing—from card-based to account-based—has been around for decades, dating back to the 1980s. The obvious appeal to riders initially was …

Astra Inc., a provider of bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises, announced late Thursday that fintech developers have processed more than $100 million of annualized gross payment volume and 650,000 in real-time transfers through its Instant Payment solution since May. Instant Payment leverages Visa Direct as …

Ever since its 2021 acquisition of the payments-technology company Poynt Inc., the big Web registrar GoDaddy Inc. has been pressing steadily into a variety of payments markets. In its latest move, the company said early Thursday it will let businesses accept payments through a registered domain name. The new Payable …

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 …

Early Warning Services LLC, operator of the Zelle peer-to-peer payments network, is celebrating a year just passed in which both dollar volume and transactions processed rose at double-digit rates. But the company also has its eye on promising markets like small businesses and on countering charges from U.S. Senators about …

Entrust Group, an IRA administrator, said it is working with Stripe Inc. to ease credit card and automated clearing house payments for client contributions. Block Inc.’s Cash App will support a cash-giveaway promotion for Moe’s Southwest Grill on Feb. 24, with the total payout expected to be $25,000. U.S. Bank launched its Business …

Industry opinions are mixed regarding a move by banking trade groups to plead for more time to act on a ruling issued in October by the Federal Reserve. The ruling orders all banks to comply by July 1 with an 11-year-old requirement that merchants have a choice of at least …

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 …