- Corporate card issuer Corpay announced it is selling off a fuel-card portfolio in a deal it says will bring in $60 million and free up $35 million in working capital, funds the company says will aid its $2.2 billion acquisition of Alpha Group International plc., a United Kingdom-based banking company.
- Pumpkin Insurance Services Inc., which offers Pumpkin Now, a faster-payments service for payouts on pet-insurance claims, says that since Pumpkin Now’s launch in April the platform has served 3,200 pets with $4.6 million in payouts at an average claim-completion time of 8.5 minutes.
- Meriwest Credit Union said it now offers Zelle peer-to-peer payments as part of its banking services.
- At least five consumer-oriented providers are accepting stablecoins directly for purchases of goods and services, with payments processed on-chain, according to a tally by Motley Fool. They are: AMC Theatres, Gucci, Newegg Commerce, Regal Cinemas, and Shopify.
Check Also
PayPal and Google Team Up on Agentic Commerce
PayPal Holdings Inc. and Google Inc. have partnered to leverage their artificial intelligence capabilities in …