Instant Financial USA Inc., a platform that digitizes payments for hourly workers, said it has been chosen by the Munson Group to launch digital tips and paycards for workers at Munson’s 33 Sonic Drive-In and Buffalo Wild Wings locations. Theatre Capital announced it has acquired AllPaid Inc., a payments platform serving …
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Jack Henry & Associates Inc. has acquired Victor Technologies Inc., a provider of embedded-payment solutions, from MVB Financial Corp. for an undisclosed sum. While terms of the deal were not disclosed, MVB says it expects to see a pre-tax gain of $33 million from the sale. The acquisition widens an …
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Just in time for the upcoming holiday shopping season, merchants are ready with new e-commerce checkout options. A hardware cooperative is adding the buy now, pay later option from Affirm for in-store use. Brands Dearfoams and Baggallini now offer Buy with Prime, the Amazon.com Inc. online checkout service. Oak Brook, …
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The credit card issuer Merrick Bank has re-launched its Ollo credit card with a refreshed design and new technology. The card was first issued in 2017 as a product for U.S. consumers facing challenges in obtaining a credit card. Valor PayTech, a 5-year-old provider of point-of-sale technology for merchants, announced it has …
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Agentic commerce got a huge boost late Monday as OpenAI, the provider of such artificial-intelligence applications as ChatGPT, launched Instant Checkout, an agentic-commerce protocol developed with Stripe Inc. The Agentic Commerce Protocol is an open standard for AI commerce that enables AI agents to complete purchases on behalf of individuals …
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Nuvei Corp. launched its artificial intelligence-enabled Integration Agent. The tool could help merchants and Nuvei’s partners onboard within hours instead of weeks, Nuvei said. Bank of America Corp. announced its AI-based Ask Global Payments Solutions service, which the banking giant says can answer questions within seconds for its 40,000 business clients globally. …
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The international money-transfer system Swift said it plans to add what it calls a “blockchain-based shared ledger” to its technology stack in an effort to process instant cross-border transactions. Some 34 financial institutions from 16 countries are advising Swift on the project. The payments platform Lightspeed Commerce introduced Showroom, a service that provides merchants …
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Payment processor Adyen will tap the expertise of analytics and consultancy firm TSG to help its merchants tailor payments applications to their needs. In related news, Valor PayTech is teaming with 4LeafLabs to create what it calls an affordable point-of-sale service for small businesses. Adyen, a Netherlands-based processor initially known …
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Fiserv Inc. said it has acquired Smith Consulting Group, a Lake Mary, Fla.-based advisory service for community banks and credit unions. Terms were not disclosed. Reverb, a marketplace for musicians, has introduced its Reverb Wallet, which allows sellers to use marketplace earnings to buy new musical gear. The wallet was developed …
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Citigroup Inc. is partnering with Dandelion Payments Inc., a real-time, cross-border payments network, to enable near-instant, full-value cross-border payments into digital wallets globally. Dandelion will integrate Citi’s WorldLink Payment Services into its digital-wallet network to facilitate the payments. The service will initially launch in the Philippines, Indonesia, Bangladesh, and Colombia. …
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