Transaction Processing

Quisitive Technology Solutions Inc., a payments-technology provider and Microsoft Corp. cloud partner, announced Monday it has completed the sale of its LedgerPay Inc. subsidiary, including its PayiQ platform, to Fulcrum IT Partners for an aggregate price of up to $45 million. The sale price includes $27 million worth of preferred …

PayPal Holdings Inc. has put its new stablecoin to work as an investment tool with a PayPal USD investment in Mesh Connect Inc., an embedded-finance platform. Announced Monday, the stake from PayPal Ventures, the digital wallet’s investment arm, was made almost entirely in PayPal USD, a stablecoin PayPal introduced in …

Payments-technology provider i2c Inc. announced it will support payments services for fintech clients signed by The Bank of Missouri, a community bank. Ackroo Inc., a Canada-based payments and gift card platform, reported unaudited revenue of $6.8 million for 2023, up 9% from 2022. Global transactions involving biometric authentication—palm, face, or iris recognition—will total …

American Express Co. reported record revenue and record earnings early Friday as it posted a fourth-quarter 2023 performance that the company says proves it has put the languor of the pandemic behind it. “Looking back over two years, we have achieved what we set out to do. We are a …

A new way of shopping using the PayPal app and related services is in the offing. Announced Thursday, the update includes a one-click guest checkout experience, digital receipts PayPal calls Smart Receipts, a revised offers platform, and improvements to business profiles for Venmo, its social peer-to-peer payments service. The moves …

Data compromises reported in the United States reached a record high in 2023, totaling 3,205, a 78% rise over 2022 and up 72% from the then record high of 1,860 in 2021, according to the Identity Theft Resource Center’s annual Data Breach Report. It is the first time the number …

Mastercard Inc. is taking on the problematic use of passwords with its new Biometric Authentication Service. Announced Wednesday, the new global service is meant to help resolve friction and vulnerability issues that arise from ceaseless passwords and multi-factor authentication prompts, Mastercard says. The service relies on standards from the Fast …

Mastercard Inc. has extended its partnership in a multi-year agreement with The Clearing House Payments Co., which operates the Real Time Payments (RTP) network. The deal continues Mastercard’s role as the network’s instant-payments software provider. The agreement will drive more volume through the RTP network by maintaining the network’s reliability …

Klarna AB, a buy now, pay later provider, is entering the subscription arena with the U.S. launch of Klarna Plus. For $7.99 a month, Klarna Plus enables eligible consumers to earn double rewards points on their purchases, pay no service fee when using Klarna at merchants outside of the Klarna …

Affinipay, an e-commerce payments provider specializing in professional markets, launched a generative AI capability in its platform for law offices, including its LawPay service. Generative AI refers to predictive technology based on artificial intelligence. The cryptocurrency exchange KuCoin announced users of its KuCard debit card can spend their digital currency from their …