To effectively service markets where speed of payment is critical, such as online gaming and cryptocurrency, Paysafe Ltd. announced Tuesday it is integrating Visa Direct in its platform. Paysafe will offer Visa Direct, Visa Inc.’s real-time push-payment network, to merchants, exchanges, operators, and other online businesses in the United Kingdom …

It’s May, and that means it’s time for our annual exercise to seek out and describe the nonbank players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …

As the mass exodus of Ukrainian refugees fleeing their war-torn country continues, charitable organizations and businesses are finding new ways to provide support. Cryptocurrency exchange and blockchain-infrastructure provider Binance joined those efforts Tuesday, announcing the Binance Refugee Crypto Card. The Visa-branded debit card will allow displaced Ukrainians to make or …

With the expected introduction by the Federal Reserve next year of a commercial real-time payments platform for the United States, total instant payments in the U.S. market will rise nearly five-fold, to 8.9 billion, by 2026. That’s up from 1.8 billion last year. The dollar volume on these transactions will …

Cryptocurrency payment gateway Data Mynt Inc. on Tuesday announced support for the Bitcoin Lightning Network. Data Mynt will facilitate payments to and from all Lightning Network-enabled wallets, such as Block Inc.’s Cash App and Strike.  The Data Mynt gateway, which says it is agnostic as to wallet, asset, and blockchain, …

Payment fraud continued to decline in 2021 with 71% of organizations reporting they have been victims of payments fraud activity, compared to 74% in 2020 and 81% in 2019, according to the Association for Financial Professionals’ annual fraud report. The 2021 results are the lowest since 2014. The Bethesda, Md.-based …

Payments-technology provider MagTek Inc. on Tuesday launched the latest product on its DynaFlex platform, the DynaFlex II card reader, and also unveiled its DynaProx family of readers for transactions involving NFC mobile wallets as well as barcodes. The new technology follows a two-year span in which businesses have sought out …

With rate increases expected this month, it’s time for the annual confrontation over interchange. Can this issuer-retailer argument ever be resolved? In the payments business, nothing gets the attention of the entire industry as effectively as the topic of fees. And no fee wins that attention as much as the …

The popularity of debit cards for card-not-present transactions, particularly online payments, is surging, and a new proposal from an industry trade group could expand that popularity while preventing fraud and facilitating merchants’ transaction-routing choices. The proposal is contained in a white paper released Tuesday by the U.S. Payments Forum, an …

The past two years have seen merchants become frequent targets of ransomware attacks, largely due to their weaker cybersecurity practices. The threat only promises to get worse. For cybercriminals, ransomware attacks are easy money. To cash in, hackers need only plant malware on a target’s network to gain entry. Once …