Person-to-Person Payments

Payments-technology fintech Preferred Payments is working with WebbRes, a provider of management systems for trailer dealers, to enable dealers to process payments within the WebbRes platform. Ascend, a provider of payments technology to the insurance industry, announced an integration with the AMS360 agency-management platform from Vertafore. The Western Union Co. said money transfers …

Merchant Machine, a United Kingdom-based payments information and comparison site, issued a report on contactless transaction limits around the world. Only two nations, Ecuador and the United States have no limit, though banks or merchants may set their own limits, Merchant Machine said. Payments-technology provider BHMI announced an entity-relationship component for its …

The Federal Reserve late Wednesday narrowed the launch window for its FedNow real-time payments network to July of this year. The move comes seven months after the banking regulator announced it would introduce the service some time between May and July. Formal certification of system participants will start the first …

The stunning bank failures of recent days, all of them involving institutions with wide exposure to cryptocurrency, are likely to have a deep impact not only on blockchain products but on payments more broadly, experts say. A stronger case for a digital dollar, stricter regulation of digital currencies in general, …

RevoluGroup Canada Inc. said its RevoluPay mobile-payments app has added payments on the automated clearing house in the United States, the Faster Payments Service (FPS) in the United Kingdom, and SEPA Instant in Europe. The company said it will add Visa Direct in May. The total value of payments made with …

Digital-currency operators are working behind the scenes despite a depressed outlook brought on by the collapse of the major exchange FTX and a general rout in most cryptocurrency values. One example is Mercuryo, a London-based fintech, which on Friday said it has introduced a banking-as-a-service (BaaS) application that enables digital-asset …

Nearly two months after announcing it was resuming money transfers from the United States to Cuba, The Western Union Co. is significantly expanding the service to include more than 4,400 locations in the U.S. and Puerto Rico from which remittances to the island nation can be initiated. In addition, U.S. …

Western Union Co. expanded its cross-border remittance capabilities Wednesday with the announcement it is partnering with 7-Eleven Mexico to enable money transfers from 1,800 7-Eleven locations in Mexico. The agreement will enable Mexican citizens to send money to more than 200 countries and territories in which Western Union operates, in …

Felix announced its Terminal Tap to Pay technology has been integrated with the Android-based M50 Mobile Computer from Elo, enabling contactless payments on the Elo device. The move follows Stripe Inc.’s move last week to launch Tap to Pay for Android technology in six countries, including the United States. Payments provider ACI Worldwide Inc. reported …

More than 4.1 billion apps to enable consumers to verify their identity online are projected to be in use globally by 2027, up 82% from 2.3 billion this year, according to Juniper Research. Use of government-backed digital identities that replace physical-identity documents as a source of verification for third-party apps, …