March 18, 2022
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Cannabis-payments platform CanPay said it has passed half a billion dollars in transactions, processing for more than 800 merchant locations in 31 in states.A cryptocurrency-investment platform called BitStore introduced a Mastercard-branded prepaid card that allows users to make payments at merchants with their crypto assets. Processing is handled by Alchemy Pay.Payments provider PayTrace Inc. announced it …
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March 16, 2022
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Payments-technology provider XTM Inc. said it has added Apple Pay and Google Pay to its U.S. Today mobile wallet. The company says it has rolled out more than 100,000 wallets so far.Payments provider Nuvei Corp. said it will process payments for cryptocurrency by holders of the Ledger hardware wallet. With the agreement, holders can buy crypto …
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March 15, 2022
Automated Clearing House, Competitive Strategies, Debit Cards, Issuing/Originating, Marketing, Transaction Processing
CloudPay, a provider of employee payment solutions, is partnering with Visa Inc. to enable payroll to be deposited directly to employee debit or credit cards through Visa Direct, Visa Inc.’s real-time payment network The new service is expected to provide employees immediate access to their funds compared to the two …
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March 15, 2022
ATMs, Competitive Strategies, Credit Cards, Debit Cards, Electronic Bill Payment, Issuing/Originating, Marketing, Mergers & Acquisitions, Transaction Processing
Underscoring the rising profile of open banking in consumers’ financial lives, Green Dot Corp. early Tuesday said it has completed an integration for its GO2bank mobile banking app with the Plaid Exchange network from Plaid Inc. The move will connect users of Green Dot’s app, launched only in January last …
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March 11, 2022
Automated Clearing House, Competitive Strategies, Featured, Issuing/Originating, Marketing, Transaction Processing
With momentum accelerating behind faster payments on the automated clearing house, fraud prevention is taking on a higher profile at the nation’s banks. In the latest move, Bank of America Corp. on Thursday introduced ACH Positive Pay on its CashPro mobile app. The move will let app users review and …
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March 10, 2022
Competitive Strategies, Digital Currency, Issuing/Originating, Law and Regulation, Point-of-sale, Transaction Processing
The steady development of the cryptocurrency industry worldwide and domestically has led the executive branch of the federal government to lay the groundwork for regulation of these assets. The move, embodied in an executive order signed Wednesday by President Joe Biden, has drawn applause from some payments trade groups, though …
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March 9, 2022
Competitive Strategies, Credit Cards, Debit Cards, Electronic Bill Payment, Marketing, Mobile Wallets, Point-of-sale, Transaction Processing
Bill-payment platform provider PayNearMe Inc. will dramatically expand its merchant network with the addition of Walgreens Co. in an agreement announced Wednesday. The pharmacy chain adds nearly 9,000 Walgreens and Duane Reade locations to PayNearMe’s merchant network, bringing the company’s total to more than 40,000 retail locations. PayNearMe’s platform lets …
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March 8, 2022
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Wallets, Point-of-sale, Transaction Processing
Having posted strong revenue growth in 2021, Payoneer Global Inc., a provider of online money transfer, digital payment services, and working capital to businesses, sees significant growth opportunities in such markets as Latin America, Asia, the Middle East, and Africa. “These are regions that are in the early stages of …
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March 3, 2022
Acquiring, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The actions taken by the SWIFT payments-messaging network and by Visa Inc. and Mastercard Inc. to punish Russia for its invasion of Ukraine will have an impact, but a muted one, observers say. The 49-year-old SWIFT system, which on Saturday said it is banning Russian banks, has not barred all …
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March 2, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Volante Technologies Inc., a cloud payments and financial messaging provider, said it will offer U.S. financial institutions a unified real-time payments service that offers access to The Clearing House’s RTP network and the upcoming FedNow service, which is expected to launch in 2023. Volante has been in the FedNow pilot program since 2021.Facepay …
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