Friday , July 12, 2024

Bitcoin Depot Adds More ATMs And Other Digital Transactions News briefs from 3/21/23

  • Lux Vending LLC, which does business as Bitcoin ATM operator Bitcoin Depot Inc., has agreed to deploy its machines in 125 locations owned by convenience-store chain GetGo Cafe + Market. Overall, Bitcoin Depot operates approximately 7,000 machines in 48 states and 10 Canadian provinces.
  • Digital-currency provider Circle Internet Financial LLC said it has applied in France to become both a licensed electronic money institution and a registered digital-asset service provider.
  • Fintech PayNearMe announced its bill-payment options will be available to clients of Allied Business Systems LLC, a software provider for the consumer finance industry.
  • The Consumer Financial Protection Bureau launched an updated version of its credit card issuer survey that solicits data on interest rates, annual percentage rates, and the type of cards offered.
  • Prepaid card platform Blackhawk Network said it is working with Gift of College to expand distribution of its digital gift cards to digital merchants in the Blackhawk network. Gift of College enables contributions to 529 college-savings accounts and student-loan accounts.
  • Some 53% of consumers in the United States and nine other countries are using a digital app to send and receive money, making apps the most popular method for remittances, according to “Money Travels: 2023 Digital Remittances Adoption,” a December survey by Visa Inc. and conducted among a sample of more than 14,000 remittance senders in the 10 countries.
  • Card-issuing platform Marqeta Inc. said it will support a new Mastercard prepaid card from Stables, a digital wallet in Australia that allows users to spend, send, and earn stablecoins.
  • Car IQ Inc., whose technology enables automobiles to link to merchants for payments, is sponsoring “The Fab Four” racing competition, which features female race-car drivers.
  • A survey from credit union service organization Member Access Processing found that 65% of credit union executives said their payment card processor is “very important” to their success. The survey of 209 executives also found that 69.5% were “very happy” with their debit programs and 67.1% with their credit card programs.
  • POPcodes Inc., a smart point-of-sale terminal services provider, said a white-labeled version of its Push Button Services product, which enables messaging merchants via a smart terminal, reduced inbound support calls for one large merchant acquirer by 50%.

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