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- American Express Co. said it will build a new headquarters building in New York, encompassing nearly 2 million square feet of office space. Expected to be completed in 2031, AmEx will be the sole occupant and owner of the structure. It did not disclose the estimated cost of the 55-floor building, though it said it will not have a material impact on its financial results.
- The Clearing House Payments Co. LLC said its RTP network processed 2.05 million payments on Feb. 13, the first time the real-time payments work met or exceeded 2 million transactions in a single day, TCH said. RTP also set a single-day value record of $8.36 billion on Feb. 18.
- Embedded payments provider Rainforest Pay Inc. said it is working with PayPal Holdings Inc. on an embedded payment integration to enable PayPal, Venmo, and PayPal Pay Later acceptance in software applications.
- Processing-technology developer BHMI said it has enhanced its Concourse Financial Software Suite to serve companies operating in the Interac debit-payments network in Canada.
- Bluefin Payment Systems LLC said it will support a stored-value wallet and loyalty program from Accrue, a loyalty fintech.
- Card-issuing platform Marqeta Inc. reported $109 billion in total processing volume for the December quarter, up 36% year-over-year. Revenue came to $172 million, up 27%. For the full year, volume was $383 billion, a 31% rise, while revenue rose 23% to $625 million.
- MNEE Pay, a stablecoin-acceptance platform for retailers, announced its launch with fees of less than 1% plus a nickel per transaction.
- Cryptocurrency ATM provider Bitcoin Depot Inc. said it has started a phased rollout of a new compliance policy requiring customers to provide identification for each transaction at its kiosks as part of its First-Transactions ID Verification policy announced in October. In 2024, the FBI’s Internet Crime Complaint Center reported a 99% increase in cryptocurrency ATMs/kiosks fraud reports over 2023.
- Fideo Intelligence launched Verify for Payments, a service that provides real-time identity risk assessment.
- Fintech Worth named Keith Durden chief financial officer and Christian Miller chief revenue officer. Durden joins Worth from Stax. In addition to sales oversight, Miller also will help scale the company’s artificial intelligence use.
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