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- The average U.S. household spends $29,459 per year on bills, amounting to 42% of income, according to the “2023 U.S. Bill Pay Market Size & Category Breakout Report” from bill-pay processor doxo.
- Mission Lane, a fintech providing access to credit and debit products to more than 2 million consumers, said it is expanding its links to open-banking provider Plaid to include Plaid’s open finance application programming interface. The API lets users link their Mission Lane accounts to more than 7,000 apps and services supported by Plaid, including payments and financial-planning tools.
- PayPal Ventures, the investing arm of PayPal Holdings Inc., announced three investments totaling $140 million.
- Cloud-based telecoms provider 800.com has added PayPal as a checkout option.
- The automated clearing house network processed 30 billion payments last year totaling $76.7 trillion, up 3% and 5.6%, respectively, from 2021, according to Nacha, the network’s governing body. Included in this volume were 697.5 million same-day payments amounting to $1.7 trillion in value, up 15.5% and 86.3%, respectively.
- The Western Union Co. and Regions Bank renewed an agreement that allows consumers to execute money transfers and bill payments at any of Regions’ 1,250-plus U.S. locations.
- Spreedly, a fintech payments-orchestration provider, said it will integrate Mastercard Inc.’s Click to Pay checkout for Cinepolis, a movie-theater chain. Click to Pay enables checkout without manually entering card details or entering a username or password.
- Stayntouch, a provider of hotel-management technology, has integrated with Lightspeed Restaurant, a payments platform from the payments provider Lightspeed Commerce Inc.
- Blackhawk Network launched its Joker Prepaid Visa open-loop card in Canada in partnership with Equitable Bank.
- Discover Financial Services launched the Discover Technology Experience, a Web site that will provide a platform for knowledge sharing and collaboration in financial-technology development.
- Mastercard announced Chief Compliance Officer Karen Griffin is taking on the role of chief risk officer. The company also named Jennifer Rademaker chief future of work officer. The appointments to these newly created offices are effective immediately.
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