Visa Inc. said the People’s Bank of China has approved the global payment network’s Application to Prepare, a step toward the establishment of a domestic bank-card clearing institution in China. Visa’s goal is to establish processing for domestic payments in that country. Euna Solutions, a technology provider for the public sector, …
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Independent sales organization Deposyt has joined the reseller ranks for Square, the acquiring unit of Block Inc. Tempe, Ariz.-based Deposyt says merchants with the ISO’s agents can now use Square’s platform and receive support from Deposyt. That means local help, Deposyt says in a statement, instead of a support queue. …
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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 …
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Visitors to Miami’s Hard Rock Stadium, home field of the NFL’s Miami Dolphins and college football’s University of Miami Hurricanes, are now tapping and dipping their credit and debit cards at Clover Sport point-of-sale terminals. Fiserv Inc., which owns Clover, says 1,020 Clover Station Duo POS terminals and integrated scanners …
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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. …
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Banking infrastructure provider Increase said it will use services from Spade to enable real-time merchant data for card transactions to appear on statements provided to consumers. FIS Inc. also said it would use Spade to provide clearer debit card descriptors. PAR Technology Corp. updated Bridg, its identity resolution and shopper …
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Onboarding merchants is a critical part of acquiring, and two companies are tailoring their efforts to make it as easy and safe as possible. Payroc WorldAccess LLC released its Payroc for Developers platform to help software companies, independent software vendors, and development teams expedite their Payroc integrations. Meanwhile, LegitScript updated …
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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 …
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Invoice-management platform Basware has closed on its acquisition of Trustpair, a fraud-prevention technology provider focused on payments. Terms were not disclosed. The deal was announced in late August. The digital-asset trading platform XT Exchange launched a scan-to-pay capability for its XT Pay service, allowing XT app users to make purchases …
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Surcharging compliance, once the sole domain of card brands, has spread into a patchwork quilt of state regulations that is making software providers and their payments partners feel the squeeze. The issue has little to do with the card brands, which altered their rules in 2013 to allow surcharging on …
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