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- Circle Internet Group Inc. has launched a public test for its Arc blockchain, with participation from more than 100 companies. Circle announced Arc in August for cross-border payments using cryptocurrency.
- A report from Money20/20, “How will North America’s money move in the future?” forecasts total cross-border payments volume from the Americas will grow to $13.1 trillion in 2032 from $8.8 trillion last year.
- The payments provider Network Merchants LLC (NMI) released its developer-first experience, aimed at helping software developers embed payments more easily and bring the products to market more rapidly.
- Fintech Wildfire Systems said Bold.org, a platform to help individuals find and apply for higher education scholarships, is the first debit card issuer to use Wildfire’s rewards program for purchases made on major artificial intelligence platforms.
- Payments advisory firm TSG released a report on merchant activation that found it takes an average of 17 days to activate a retail merchant post boarding compared with 39 days for those merchants using an integrated payment service.
- Checkout.com said Uber Technologies Inc. will use its acquiring and gateway access for multiple markets for its ridesharing and on-demand delivery platforms.
- Mastercard Inc. launched Mastercard Threat Intelligence that it said includes real-time alerts and proactive decline of fraudulent test transactions, quantitative data to help merchants assess skimmer impacts and card-related malware, and threat data to help merchants assess risk and enable faster responses to it, among other features.
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