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Search Results for: cryptocurrency

Priority Pairs With Valor PayTech And Other Digital Transactions News briefs from 10/14/22

Priority Technology Holdings Inc. said it is working to integrate omnichannel products from Valor PayTech into the Priority MX Merchant ecosystem.Raiven Capital said it has exited from an unspecified early-stage investment in Whizmo, a fintech that helps small businesses in emerging countries convert from cash acceptance to contactless payments.Mastercard Inc. launched Start Path …

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Issuers Laud Durbin Bill’s Shortfall And Other Digital Transactions News briefs from 10/13/22

Credit unions and other credit card issuers cheered as the provisions of the proposed Credit Card Competition Act fell short of becoming an amendment to a defense-authorization bill in Congress. The bill’s sponsors, including Sen. Richard Durbin, D-Ill., had attempted to attach the CCCA to the defense bill as a shortcut to making it …

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IPwe and Advasa Team Up To Expand Earned Wage Access

IPwe Inc., a provider of predictive analytics and blockchain technology, is partnering with Advasa Co. Ltd., a provider of earned wage access solutions. The deal will enable Advasa’s to expand its earned wage access business globally. Earned wage access provides employees the ability to access a portion of their already …

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Crypto Exchange FTX Announces an Internationally Focused Debit Card Branded by Visa

One of the ways cryptocurrency is becoming more familiar to consumers and merchants is through debit cards backed by crypto holdings. The latest development in this trend came to light early Friday with an announcement that the crypto exchange FTX.com will offer Visa-branded debit cards around the world. A launch …

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Uber Readies Its Pro Card And Other Digital Transactions News briefs from 10/6/22

The ride-share provider Uber is working with card-issuing platform Marqeta and fintech bank Branch to launch the Uber Pro Card, aimed at allowing drivers and couriers to earn cash back on gas, fees, and other costs. The card will be enabled through digital wallets.London-based International Game Technology PLC has expanded operations in the …

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As Consumers Return to In-Store Shopping, Fraudsters Follow

It’s a fact of the payments world that fraudsters are adept at watching and following consumer behavior to maintain their criminal revenue flow. Just as consumers have returned to shopping in stores, criminals have returned to the point-of-sale, albeit without neglecting their online activities. That’s the summation from Visa Inc., …

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Eye on Mastercard: Efforts To Reduce E-Commerce Fraud And Ease Review of Crypto Purchases

The unceasing effort to eliminate e-commerce fraud while allowing legitimate transactions to flow unimpeded could be getting another boost as Mastercard Inc. pairs with Ravelin Technology Ltd., a machine-learning fraud platform, to better validate a consumer’s identity without adding friction to the checkout flow. Mastercard also introduced Crypto Secure, a …

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Crypto’s Uphill Battle for Acceptance

More merchants have begun accepting cryptocurrency, and processors say there’s others to come. Good luck with that, say skeptics. A dozen years after the emergence of Bitcoin, widespread merchant acceptance of digital currency remains more a vision than a reality. Most merchants that do accept cryptocurrency insist on converting it …

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Circle Looks to Its Deal for Elements to Ease Crypto Payments for Merchants

Blockchain players have been working for years to bring digital currencies to the point of sale, leading to Circle Internet Financial LLC’s announcement Thursday it has acquired a San Francisco-based payments-technology firm called Elements to make it easier for stores to take crypto, including Circle’s stablecoin, USD Coin (USDC). Terms …

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Finastra Adds Visa Direct for Payouts And Other Digital Transactions News briefs from 9/23/22

Financial-technology provider Finastra said it is incorporating Visa Direct, a real-time push-payment capability developed by Visa Inc., as a cross-border payout offering for banks.Coinsquare, a crypto asset trading platform based in Canada, said it has agreed to acquire Simply Digital Technologies Inc., owner of the CoinSmart trading platform and a unit of …

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Digital Transactions