FIS Inc. said it is one of the first fintechs certified to offer send capability on credit transfers through the FedNow real-time payments network, operated by the Federal Reserve. The company is offering the new service to bank clients for use by both consumers and commercial clients. Hospitality point-of-sale services specialist Olo said …

The Clearing House Payments Co.’s Real Time Payments Network said it passed 1 billion cumulative payments on Friday. The network, operated by TCH since 2017, also set single-day records Friday for number of payments, at 1,592,419, and value, at $1.44 billion. New York City-based TCH is owned by 20 large commercial banks. President Donald …

Bluefin said it will offer point-to-point encryption capability for the event-management platforms Event Guru and Registration Guru. AstroPay, a Brazil-based cross-border payments fintech, said it has been granted a payment-institution license by the Central Bank of Brazil. Magwitch, a lending-as-a-service platform, has integrated real-time point-of-sale lending technology from U.S. Bank Avvance. …

Same-day ACH payment volume topped 1.2 billion payments in 2024, said Nacha, the automated clearing house rule maker, and was valued at $3.2 trillion. Nacha said same-day ACH volume increased 45.3% from 2023 to 2024. Overall, ACH Network payment volume rose 6.7% from 2023 to 2024, to 33.6 billion payments in …

Porter Airlines this spring will launch its VIPorter Mastercard card program, working with Mastercard Inc. and the Canadian banking giant BMO. Payments platform Repay announced an integration with the underwriting platform Worth to allow for faster merchant onboarding and vendor connections. Credit union service organization Velera released its card-on-file service that enables cardholders to update …

X, the social media platform formerly known as Twitter, appears to have signed a deal with Visa Inc. for the card brand to be a partner in XMoney Account, the platform’s possible payments service, reported CNBC.com. Fuel discount platform GasBuddy launched its Pay with GasBuddy+ card issued by Fifth Third Bank N.A. bearing the …

Freightos, a freight booking and payments platform, has added Canada-based WestJet Cargo as a client. Visa Inc. announced a partnership with fintech DealMe to enable Visa cardholders in Vietnam to access real-time installment offers from merchants in South Korea, which is a top travel destination for Vietnamese travelers. Payments and data …

Payments provider Priority Technology Holdings Inc. has acquired Rollfi, a provider of payroll and benefits provider to banks, accountants, and software-as-a-service providers. Terms were not announced. SEPTA, the mass transit agency in the Philadelphia region, awarded a $211 million contract for a new fare payment system called SEPTA Key 2.0 to Cubic Transportation …

Discover Financial Services reported payments volume of $102 billion for the fourth quarter of 2024, up 4% year-over-year, including a 7% rise for the Pulse electronic funds transfer network and a 9% increase for Diners Club. Overall, the company reported a 14% increase in revenue net of interest expense, to $4.76 …

Cardworks Inc. and its banking unit, Merrick Bank, have agreed to acquire Ally Financial Inc.’s credit card portfolio. The business includes $2.3 billion in receivables and serves 1.3 million active cardholders. Terms were not announced. The card-issuing platform Marqeta Inc. is supporting efforts by Trading 212, a developer of financial apps, to launch …