Credit Cards

Visa Inc.’s top executives made it plain Thursday afternoon that the story of the company’s growth into the near future is threefold, including cryptocurrency, cross-border transactions, and the buy now, pay later trend. “Visa is enabling scale for BNPL, crypto, and wallets,” Visa chief executive Alfred Kelly told equity analysts …

The vision of turning mobile devices into tap-and-go POS terminals took a big step forward Thursday as MagicCube Inc. announced i-Accept Cloud, an open, cloud-based softPOS acceptance platform. i-Accept Cloud is expected to simplify the creation of new merchant payment acceptance and digital commerce solutions. By connecting the currently siloed …

Top executives at Mastercard Inc. made it plain early Thursday the card network is determined to develop its account-to-account payment capabilities, while maintaining its distance from the dispute between its rival Visa Inc. and the e-commerce juggernaut Amazon.com Inc. over transaction pricing. “That’s fundamentally a question for Visa and Amazon,” …

Consulting firm The Strawhecker Group announced its list of best-performing payment gateways in a range of categories. CSG Forte and FIS (Express) were co-winners in the best-performing gateway category, with JPMorgan Chase (Orbital) as runner-up. Elavon (Fusebox) won for fastest transactions.With the majority of buy now, pay later accounts going unreported to …

Seeing an opportunity to offer payment acceptance along with its encryption and tokenization technologies to its enterprise clients, Bluefin Payment Systems LLC has invested an undisclosed sum in payment facilitator Payfactory Inc. The investment, which will create a strategic relationship between the two companies, will enable Payfactory to expand its …

American Express Co. saw its crucial travel-and-entertainment business continue to recover in the final three months of 2021, leading top company executives Tuesday morning to express considerable optimism for 2022. But don’t look any time soon for the New York City-based card giant to make any major forays into buy …

Payments provider Digital River Inc. unveiled Drop-in Checkout, technology that streamlines payments acceptance for brands on Digital River’s platform.Payments provider Shift4 Payments Inc. said it will process payments for Concessions International, a provider of food-and-beverage technology for airports, at almost 40 of the company’s locations.Cantaloupe Inc., a payments provider for unattended locations, said it …

Blockchain platform XDC Network, working with blockchain developer LeewayHertz, released the XDC Network Stats platform, a presentation of key statistics about the network’s performance.RevoluGroup Canada Inc., a technology provider for banking, mobile apps, and remittances, announced a private placement of up to 10 million units at 20 cents each to raise …

Looking to help fintechs speed development of new banking applications, Unit, a banking-as-a-service platform, announced Thursday a pilot production environment that allows fintechs to instantly build and validate applications using real funds. The new product is expected to enable fintechs to build and test live bank accounts and issue virtual …

Discover Financial Services reported a net income of $1.1 billion in the fourth quarter, a 37.6% increase from $799 million in the fourth quarter of 2020. Net income for 2021 totaled $5.4 billion, a 391% increase from $1.1 billion in 2020. Discover said volume on its Pulse debit network was $64.8 …