Sionic Mobile Corp., a provider of consumer-to-business payments technology, will launch a program that enables independent sales organizations, agents, independent software vendors and other resellers to provide merchant clients with a new Pay-by-Bank service in the United States. The program, which will launch Sept. 1, is intended to help resellers …

Cashless sales in unattended retail locations, such as vending machine and kiosks, jumped significantly in 2021, totaling 62% of sales in October 2021, up from 51% in January 2020, says a report from vending-machine specialist Cantaloupe Inc. As a result of the rise in cashless sales, the percentage of cash …

The upward trajectory of buy now, pay later loans shows no signs of leveling off. By 2027, the number of BNPL users globally is projected to more than double, surpassing 900 million, up from 360 million in 2020, according to Juniper Research. The growth will be driven in part by …

State Farm Insurance has expanded its relationship with Fiserv Inc. to enable claims payouts into customers’ PayPal accounts. The agreement expands the capabilities State Farm’s Digital Pay solution, which digitally reviews, approves, and disburses auto and fire claims payments. Consumers can select their preferred payout method, such as sending the …

Splitit USA Inc. furthered the expansion of buy now, pay later loans beyond the point-of-sale Wednesday through its parentship with letus (formerly RentMoola), a Vancouver, B.C.-based fintech that provides rent advances, credit reporting, and other consumer-credit solutions. By partnering with Splitit, letus can offer tenants the option of spreading monthly …

First American Payment Systems has agreed to a proposed federal court order requiring the processor to repay $4.9 million to small businesses affected by what the Federal Trade Commission called deceptive practices, according to the FTC. The settlement, announced Friday, was made in the wake of charges by the FTC …

Blackhawk Network Inc. is partnering with Aurus Inc., an omnichannel payments-platform provider, to increase consumer access to digital payments such as digital wallets and buy now, pay later loans. The deal is expected to provide merchants a single payments platform that supports myriad payment options, including general purpose and private-label …

MX Technologies Inc. has expanded its reach into the emerging field of open banking through partnerships with Sionic Mobile Corp., a provider of consumer-to-business payments technology, and FuturePay Inc., a provider of digital revolving credit solutions for e-commerce merchants and their customers. Sionic is embedding MX’s instant account-verification and account-aggregation …

To help sellers more easily manage proceeds from sales on their Amazon stores and expand their business globally, Amazon.com Inc. late Monday launched a digital wallet that allows sellers to hold, view, and transfer funds from sales on the marketplace directly to their bank accounts. The wallet, which Amazon announced …

With digital domestic money transfers expected to exceed 300 billion transactions globally in 2026, up from a projected 207 billion transactions in 2022, a nearly 50% increase, new players are expected to push the envelope by introducing alternative forms of digital cross-border transfers, such as cryptocurrency and central digital bank …