U.S. small businesses registered a mixed performance in August, with dollar volume climbing but transactions dropping for the tenth straight month, according to the August Small Business Index released early Thursday by the payments processor Fiserv Inc. It all added up to a Small Business Index reading of 145, flat …
Read More »OpenPayd Prepares for a U.S. Launch As Big Banks Plan for a Dollar Stablecoin
OpenPayd, a London-based provider of open-banking and stablecoin services, announced an expansion into the U.S. market, having acquired 43 state money-transfer licenses. Globally, the company processes more than $300 billion in volume yearly for more than 1,200 businesses. The announcement comes following OpenPayd’s integration this month of MSB USA Inc., …
Read More »EMVCo’s Effort to Reinforce Trust in Card-Based Agentic Commerce
The payments industry’s embrace of agentic commerce took a step forward early Tuesday with an announcement from EMVCo that the standards body has developed a framework for “secure, interoperable, and scalable” agentic transactions using cards. The framework is by no means a final set of rules, but is intended as …
Read More »MEXC’s New Card Aims to Make Crypto-Backed Payments Routine
Affirm and Shopify Expand Shop Pay to Australia, the Pair’s Fourth Market
The installment-payments platform Affirm Holdings Inc. and online commerce service Shopify late Thursday announced they have expanded their 5-year-old collaboration, Shop Pay Installments, to Australia. The service, which lets consumers use the Shop Pay button to check out on e-commerce sites and then pay over time with Affirm, is active …
Read More »A New Partnership Seeks to Thwart Dark Web Cyber Thieves
Nasdaq Verafin, a developer of fraud-prevention technology, and Q6 Cyber, a supplier of fraud intelligence, have paired to offer a service to financial institutions that the parties say helps identify and respond faster to scam threats on the dark Web as they are developing. The partnership, announced early Thursday, is …
Read More »Priority Payments’ Deals for IntelliPay and Tampa Bay Bucs Ticketing
Priority Technology Holdings Inc. announced within a two-day span a processor acquisition and a deal to process ticket payments for the Tampa Bay Buccaneers of the National Football League. The Alpharetta, Ga.-based processor said early Wednesday it has agreed to acquire Convenient Payments, which does business as IntelliPay, a privately …
Read More »Nayax Lays Out $350 Million to Acquire Parking Maestro IPS Group
The combination will expand Israel-based Nayax’s reach by adding the 250,000 parking spaces San Diego-based IPS controls in the U.S. and Canada, as well as in the United Kingdom and Ireland. The locations include city street spaces as well as college-campus and commercial slots. IPS manages the spaces through smart …
Read More »PayRewards Enters the U.S. Offering Points for Small Business Spending
An Australia-based payments processor and rewards player is launching in the U.S, market on the back of $28 million in fresh investor funding. PayRewards, which specializes in small businesses, says it will offer rewards on a wide range of corporate spending, including automated clearing house transactions as well as credit …
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