Competitive Strategies

Stablecoin giant Circle Internet Group Inc. early Tuesday unveiled Arc, a new payments platform aimed at major money flows, including foreign exchange. The new service, part of the existing Circle Payments Network, will speed up foreign exchange while offering what the company calls “sub-second instant finality” in settlement, the company …

Online registrar and payments provider GoDaddy Inc. released its Smart Terminal Pro, a point-of-sale system for in-store use. GoDaddy said transactions from the terminal can be synced with a merchant’s online transactions for a consolidated view of their operations. Small business lender Credibly launched Dynamic Offers, a new feature in its Offer Calculator, that …

In a move to bolster its leading position in an increasingly difficult money-transfer market, The Western Union Co. announced Sunday it has a deal to acquire International Money Express Inc. for $500 million in cash. Better known as Intermex, Miami-based International Money Express has built a retail network of 100,000 …

SpotOn Transact LLC has enhanced its online ordering platform for independent restaurants with several new features intended to engender customer loyalty and drive repeat business. One of the new features is GoTo Place, a mobile app that allows restaurants to create their own branded mobile storefront. What differentiates GoTo Place …

Shift4 Payments Inc. said it is working with Blue Origin, a space technology company, to enable customers to pay for space flights with cryptocurrency and stablecoins. Payments technology provider Thunes announced a deal with Ontop, a payroll and financial platform, to enable freelancers and remote workers real-time access to their earnings. Payments technology …

Fintiv Inc., a digital-wallet developer, has sued Apple Inc., alleging the iPhone maker stole mobile-wallet technology from Fintiv to further its development of Apple Pay. The case was filed in the Northern District of Georgia, Atlanta Division. Apple Pay debuted in October 2014. Fintiv at the time was known as …

Separate efforts by Par Technology Corp. and SoundHound AI Inc. to boost their wins, especially among restaurant clients, appear to be paying off, if their latest earnings are indicators. ParTech, based in New Hartford, N.Y., is coming off its $132-million acquisition in January of Delaget LLC, a platform providing analytics …

With merchants prevailing in their long-running legal battle to overturn debit rate caps set by the Federal Reserve, the largest debit card issuers could wind up the biggest losers, while Capital One Financial Corp. emerges as the big winner. U.S. District Court for the District of North Dakota Judge Daniel …

Finzly, a developer of payments technology for financial institutions, says it is preparing to support stablecoins and tokenized deposits. The move is aimed at helping financial institutions remain relevant as programmable money becomes more common, the company says. Programmable money is a digital form of currency that can be programmed …

Deluxe Corp. is expanding its digital lockbox capabilities with the acquisition of CheckMatch, formerly part of a J.P. Morgan business unit. Meanwhile, Marqeta Inc. completed its purchase of TransactPay, a BIN-sponsorship provider. Minneapolis-based Deluxe says the addition of CheckMatch, which had been part of Kinexys by J.P. Morgan, the bank’s …