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- Stride Bank N.A. announced it will issue the Affirm Card, a debit card from buy now, pay later platform Affirm Holdings Inc., becoming Affirm’s latest issuing partner. Affirm says it had 1.7 million active cardholders as of Dec. 31, 2024.
- Payfave Inc., which does business as Wink, announced it has merged with Phoenix Managed Networks as part of a goal to increase adoption of artificial intelligence and biometrics technology in payments. Wink’s checkout technology is integrated with Paze, the payments service from Early Warning Services LLC.
- Gen Z consumers are showing a preference for buy now, pay later programs and debit cards rather than credit cards, according to the “Why Credit Cards Give Gen Z The Ick” report from Cash App and Afterpay, units of Block Inc. Morning Consult surveyed 5,400 U.S. adults for the research.
- Garmin International Inc., the smart watch company, launched its vivoactive 6, a fitness watch that includes the company’s Garmin Pay contactless-payment technology.
- Paypaya Global announced it will serve as payroll and workforce payments provider globally for Lipton Teas and Infusions.
- Feedzai Group, whose technology detects payments fraud, has agreed to support the merchant-processing business offered by the fintech Highnote Platform Inc.
- Cardworks Inc. announced it has closed on its acquisition of Ally Financial’s credit card portfolio and platform, which serves 1.3 million active cardholders. Cardworks subsidiary Merrick Bank will manage the $2.2 billion file.
- Deluxe Corp. said it will process transactions for a fundraising platform from SchoolAuction.net.
- Chargeback Gurus said it is ready to work with the Visa Acquirer Monitoring Program (VAMP) announced recently by Visa Inc.
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