Acquiring

Payments-orchestration platform Run Payments has launched Run Merchant, an application that consolidates a merchant’s payment infrastructure into a single portal, making it easier to access payment data across multiple gateways and processors. Run Merchant supports payment acceptance via virtual terminals, hosted payment pages, and application-programming interfaces. Additional features include a …

Shares in PayPal Holdings Inc. traded down toward the end of the day Wednesday following a report from Reuters that some banks in Europe were experiencing unauthorized direct debits from PayPal accounts, according to the BBC. PayPal told Reuters some banking partners had been affected by “a temporary service interruption” and the …

Dutchie, a payments platform provider for more than 6,500 cannabis retailers in the United States and Canada, announced Wednesday the launch of two new enhancements to its platform, E-commerce Pro and the Certified Partner Program. E-commerce Pro is an omni-channel shopping application that embeds payments, loyalty, and marketing capabilities across cannabis retailers’ …

Casino-payments specialist Sightline Payments early Tuesday announced the launch of Sightline Debit, a demand-deposit account and debit card service for gamers to hold funds in a bank account and place wagers using a Visa-branded debit card. Developed in collaboration with Cross River Bank, which will hold the accounts, Sightline Debit …

Ensuring healthy merchants are added to a portfolio, and taking care of them once they’re admitted, are two major priorities for acquirers. LegitScript, which provides merchant and product certification and onboarding services, helps organizations vet new merchants and has released updates for its onboarding product. Meanwhile, processor Elavon, a subsidiary …

VersaBank USA started a pilot for its USDVBs, tokenized versions of actual cash deposits at the bank. The move follows a similar pilot by the bank in Canada. VersaBank says it will seek a non-objection statement from the Office of the Comptroller of the Currency before launching the product commercially. Thread …

Authvia, a provider of text-to-pay and conversational-commerce technology for independent software vendors, independent sales organizations, banks, and merchants, has integrated Visa Direct into its TXT2PAY platform. The integration allows merchants and businesses to initiate outbound disbursements, as well as receive inbound payments, in real time. As a result, merchants will …

American Express Co. and the National Trust for Historic Preservation announced 50 restaurants will each get a $50,000 grant plus one year of free service from Resy, an AmEx company. The grants are part of the Backing Historic Small Restaurants program. Payments provider TouchSuite said it acquired a majority ownership in STG, a …

The U.S. cannabis market, which saw $30.1 billion in sales last year, is growing at an accelerating pace, and that’s attracting the attention of processors and other providers. The market’s emergence as a fertile payments-processing market comes as it continues to wrestle with regulatory issues and limited banking services. POSaBIT …

Revenue for all firms offering open-banking technology will grow at a compound annual growth rate of 16% to $11.7 billion by 2028, up from $5.5 billion in 2023, according to a report from management consulting firm MarketsandMarkets, which singles out Plaid, Envestnet, Finicity, and MX Technologies as primary U.S. developers of the …