Person-to-Person Payments

The warehouse-store chain BJ’s Wholesale Club said it has added electronic benefits transfer payment capability to its Web site for in-store or curbside pickup of SNAP-eligible items. The service applies to stores in Florida and North Carolina. The processor is FIS Inc.’s Worldpay. SNAP is the federal Supplemental Nutrition and Assistance Program.Independent …

Peer-to-peer transactions have taken off as a way to pay digitally during the pandemic, and now the biggest bank-owned P2P network is getting a big lift through its integration with the country’s most extensive real-time payments network. Early Warning Services LLC announced early Thursday payments on its fast-growing Zelle P2P payments …

Square Inc. started out in 2009 as a slick new way for micro merchants and small sellers to get sophisticated point-of-sale gear along with payment processing. On Tuesday, the company showed it’s still getting more than half its gross profit from its merchant business, but its Cash App trade is …

Gateway provider NMI said it acquired USAePay in a deal that will strengthen NMI’s coverage in verticals, including retail and restaurant, where USAePay has had success. The deal, terms of which were not disclosed, also will help create a stronger omnichannel capability for NMI. The combined company had more than $100 billion in annual …

MoneyGram International Inc. reported its digital business generated $57.4 million in the fourth quarter, up 79% year-over-year. Real-time transfers via Visa Direct transactions grew 650%. Meanwhile, Rising Bank, a division of Midwest BankCentre, has added Zelle, a person-to-person payments service, to its product roster. Dallas-based MoneyGram said MoneyGram Online, its …

PayPal Holdings Inc. on Tuesday threw the door wide open for applications for its new Venmo credit card. The Visa-branded card, which the company has had in the works since 2019 and began issuing to select users in October, includes a Quick Response code, a rewards structure, and, through the Venmo …

The push to increase the utility of cryptocurrency for purchases got a shot in the arm Friday as BitPay Inc., an Atlanta-based processor that offers crypto e-wallets, announced its prepaid Mastercard cardholders can add their card to the Apple Wallet and make purchases using Apple Pay. The BitPay Mastercard is …

Hampered early on by Covid-19, The Western Union Co. late Wednesday said its growing digital-transfer business helped buoy its results for the fourth quarter and the full year. Overall, revenue from digital transfers, including activity on Westernunion.com, grew 36% in the fourth quarter year-over-year and accounted for just over one-fifth …

Like many of its rivals, Fiserv Inc. is looking for ways to prosper as hope begins to rise for a recovery from the Covid-19 pandemic that has ravaged much of the world. Tuesday afternoon, the Brookfield, Wis.-based payments provider revealed a promising report card for its fourth-quarter performance, with high-flying …

Buoyed by an explosion of e-commerce activity following the onset of Covid-19, PayPal Holdings Inc. last year enjoyed what turned out to be a record year for growth. Now, it looks to roll out a flurry of new services. “We released more products and services in 2020 than in any …