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- American Express Co. said it is making more than $2,000 in statement credits available to holders of AmEx’s Business Platinum card. The move is part of an update to the company’s U.S. Consumer and Business Platinum cards, said by AmEx to be “the largest investment ever in a card refresh.”
In related news, Mastercard Inc. launched “The Mastercard Collection” a set of dining, entertainment, and travel benefits for its World, World Elite, and World Legend cards. - Fraud-prevention specialist Fingerprint announced new features aimed at detecting malicious bots and AI agents as distinct from legitimate traffic.
- Payments platform Bluefin will offer its point-to-point encryption technology, Decryptx, on Allied Electronics’ NeXGen Prime forecourt controller platform under a new agreement.
- Uber said Wegmans, Gopuff, and Family Dollar have signed on to accept payments via Supplemental Nutrition Assistance Program (SNAP) benefits for transactions on Uber Eats. Some 51 U.S merchants now accept SNAP EBT payments for orders on Uber Eats.
- The parking-payment app ParkMobile will release a redesigned app in coming weeks that will include added features and “streamlined navigation” capabilities, the company says.
- The convenience-store chain Raceway has contracted with payments platform PAR Technology Corp. to support the chain’s new RaceWay Rewards program.
- Federal Reserve Financial Services said its Fedwire Funds Service has finished its conversion to the ISO 20022 message format. The move is expected to help combat fraud and generate a more complete set of payments data for banks and allied entities.
- The fintech Payfinia Inc. said it has worked with Patelco Credit Union to create a service allowing Patelco members to receive real-time payments via the Federal Reserve’s FedNow platform. The service has processed transactions totaling more than $5.4 million so far.
- Nacha, the governing body for the automated clearing house network, has released a video called “Protecting Payments in the Quantum Era: Prepare for Impact.” The video covers the implications of quantum computing for payments.
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