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- The NFC Forum, a global standards body for near-field communication technology, issued Release 15, which extends the range of certified compliant NFC contactless connections up to 2 centimeters, four times greater than the current standard 0.5 centimeters.
- Some 97% of decision-makers in the hospitality industry said they are confident about meeting future data-security needs, according to a survey of 200 decision-makers conducted in April by the payments platforms FreedomPay and Toast.
- U.S Bank said it has expanded its set of embedded-payment services, including an enhanced for-benefit platform used to move money on customers’ behalf.
- Relay Payments, a fuel-payments platform for trucking companies, announced it has expanded its service to include service and repair at Southern Tire Mart at Pilot, Boss Truck Shops, and AMBEST Service Centers.
- Ubyx, which offers a stablecoin-clearing service for banks and fintechs, announced a $1-million seed round led by Galaxy Ventures.
- Payabli, whose technology helps software companies embed payments capabilities, said it has closed on a $28-mllion Series B funding round, bringing its total capital so far to $60 million. The latest round was led by Fika Ventures and QED Investors.
- Vantage West Credit Union said it has launched a buy now, pay later program for its credit card customers. The program, available through the institution’s digital-banking service, is managed by equipifi Inc. In 2022, equipifi raised $12 million in Series A funding to launch its BNPL platform aimed at financial institutions.
- Electronic Verification Systems has launched AssureLocate, a geolocation-verification service to verify users’ locations in activities such as online gaming.
- SaturnX, a startup specializing in stablecoins for cross-border payments, closed on a $3-million seed-funding round led by White Star Capital.
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