Square has adopted services from card-issuing platform Marqeta for the Square Credit Card, a business card aimed at use by merchants. The card runs on the American Express network and is part of an effort by Square to consolidate its card programs into a single processor. Square, a unit of …
Read More »Marqeta Works With Coinbase on Cards Backed by Stablecoins
Initiatives From Mastercard And Visa Bring Stablecoin Payments Closer to the Mainstream
Two of the world’s largest payments networks early Thursday announced programs geared to bring stablecoins further into the mainstream of money movement. Visa Inc. said its Visa Direct faster-payments platform is launching a commercial service that will incorporate stablecoins. And Mastercard Inc., with its BVNK unit, launched Mastercard Global Money …
Read More »NCR Voyix Signs Sbarro; Clover Hits 5 Million Shipments
NCR Voyix Corp. announced early Wednesday it has reached a multi-year deal with Sbarro to provide the pizza chain with its point-of sale-technology, along with Voyix Pay, a payment-processing service. The agreement covers almost 300 corporate-owned and franchise locations in the United States. Sbarro operates more than 800 stores in …
Read More »Rain Launches a Wallet Strategy, And Thredd Looks to Stablecoin Card Settlement
The stablecoin platform Rain announced early Tuesday it is offering non-custodial stablecoin wallets that stand behind Rain’s cards, making the cards usable at 175 million merchant locations around the world, the New York City-based company says. Founded five years ago, Rain became a Visa principal member in 2024, following up …
Read More »Block Wrestles With an FTC Inquiry Into Cash App
The Federal Trade Commission is looking into whether Block Inc. stopped short of assisting Cash App users whose accounts had been frozen or deactivated, Bloomberg reported Thursday. Block, the parent company of the point-of-sale technology platform Square and the financial technology Cash App, froze or deactivated Square accounts holding funds …
Read More »The Solana Blockchain Looks to Mainstream Payments With a Samsung Link
The Solana Foundation said Samsung Wallet and Samsung Pay will support stablecoins on Solana’s blockchain, enabling U.S. wallet users to send money cross border using Circle Internet’s USDC stablecoin starting the last week of this month. There are 82 million active Samsung Galaxy mobile devices in the U.S. market and …
Read More »Stripe Enters a Data Deal With Federal Express
Federal Express said Stripe will work with FedEx Dataworks to incorporate signals from FedEx’s network into Stripe’s platform in support of financing for small and medium-size businesses. FedEx has also agreed to offer Stripe as a payments-processing option. FedEx Datworks is the shipping company’s predictive-analytics service based on shipment data. …
Read More »Nayax Partners With Allied for Gas Sales; Partner Tech’s Self Checkout for Gas Stations
The processor Nayax Ltd. said it has reached a distribution partnership with Allied Electronics Inc., allowing Nayax Fuel to offer its VPOS Media 5 outdoor payment technology to fueling stations throughout the U.S. market. The announcement comes as cards now account for 81% of pump transactions, up from 64% 10 …
Read More »Mastercard Will Help Distribute AI Tech Worldwide for Rezolve
Mastercard Inc. has entered into a global reseller deal with Rezolve AI, a provider of commerce and customer-engagement capabilities based on artificial intelligence. The deal calls for the payments network to market, offer, and sell subscriptions to Rezolve AI’s software and services globally to merchants seeking technology to help manage …
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