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- Walmart Stores starting next year will offer a pay-by-bank option through an agreement with processor Fiserv Inc.’s NOW network, which has integrated with the Federal Reserve’s FedNow system and the Real Time Payments network offered by The Clearing House Payments Co. The new payment method, if widely adopted, is expected to cut the mega-retailer’s acceptance costs significantly.
- Business-software developer i3 Verticals Inc. announced it has closed on the $438-million sale of its merchant-services business to Payroc WorldAccess LLC. The deal was announced three months ago.
- DailyPay Inc., an earned-wage access platform, said it will this fall begin offering its services and products in the United Kingdom in a move that represents its first venture outside the U.S. market. The company last week announced a savings feature for its newly issued Visa prepaid card.
- Boom Technologies, a blockchain-based payments platform, launched a new offering aimed at providing payment services to underbanked and unbanked consumers.
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