Digital Transactions Authoritative, insightful and timely information for payments professionals
- Bank of America Corp. said its transaction volume flowing on the RTP network, an instant payment service operated by The Clearing House Payments Co. LLC, increased 48% from January through July compared with the same period in 2025. Much of that is attributed to RTP’s transaction limit increase to $10 million from $1 million. BofA also said the number of corporate transactions greater than $1 million increased 351% in that period. The RTP limit was raised in 2025.
- Citicorp announced it is working with cryptocurrency platform Coinbase to offer stablecoin-acceptance capability to institutional clients of the bank through Spring by Citi, the bank’s payment-acceptance platform. The new service automatically converts digital currency into fiat, Citi says, adding the service will allow merchants to take stablecoin payments from more than 150 million users globally.
- Payment-card manufacturer CPI Card Group Inc. said it has renewed a multi-year service agreement with Vericast, a banking-technology reseller to financial institutions. CPI says it has worked with Vericast for 24 years.
- Blaze, a retail technology platform for cannabis businesses, launched Blaze MCP, which links to the AI technologies Claude, ChatGPT, and other AI assistants to support point-of-sale, e-commerce, and marketing efforts.
- Shopify Inc. said it now supports WebMCP for checkout, including Shop Pay for all eligible Shopify merchants. WebMCP is a developing standard to help organizations build and expose structured tools for AI agents, Google said.
- Juniper Research forecasted that global softPOS installations will top 159 million by 2031, a 600% increase from the 22 million total in 2026.
- Zelle, the instant payment service from Early Warning Services LLC, and Community Development Investors announced the inaugural class of participants in a 12-week small business accelerator program. Zelle also said it is picking up fares for NYC Ferry rides of five different routes each Thursday in October.
- Transactions Network Services Inc. launched its bring-your-own-app service to enable operators to create and deploy their own customer-facing application for use on TNS’s Android-based unattended payment terminals.
- Blockchain-technology platform Chainlink said it is developing links to allow financial institutions to connect systems and signing methods to Swift’s blockchain ledger via the Chainlink platform.
- Payments-software developer Finastra launched Repair Recommendations, an AI-supported tool to help banks manage rising volumes of payment activity.
Related Articles
Check Also
Surcharging Rules are Multiplying, and ISVs Are in the Middle
Surcharging compliance, once the sole domain of card brands, has spread into a patchwork quilt …