Competitive Strategies

OnePay, a New York City-based fintech, is partnering with Synchrony Financial to launch a credit card program for Walmart Inc. The program, which will debut in the fall, will offer a general-purpose Mastercard credit card and a private-label Walmart card. Walmart expects the deal to provide a better customer experience when …

Plaid Inc., the open-banking technology provider, will be the first Cross River Bank client to enable a much-desired request-for-payment function for real-time payments, Cross River announced Monday. As part of The Clearing House Payments Co. LLC’s RTP network, request for payment allows businesses to send a secure request for payment, …

PayPal Holdings Inc. has formed an integration with Selfbook, an AI-based booking application for hotels, allowing customers who check out with PayPal and Venmo to get access to savings on hotel rates, PayPal says. DealerLogix, a provider of scheduling and payments software for automobile service departments, said it has been certified …

NK Retail, a Sweden-based luxury department-store chain, is deploying Lightspeed Commerce Inc.’s NuORDER by Lightspeed B2B commerce platform. NuORDER by Lightspeed is aimed at helping retailers streamline wholesale buying and selling with features like virtual showrooms and order-management systems.  NK offers a broad selection of fashion, beauty, interior design, and …

As cryptocurrency such as stablecoins inch toward mainstream acceptance, some platforms are starting to adapt slogans borrowed from the established world of payments. In the latest example, a new San Francisco-based company called NeverPay announced early Friday a program called Buy Now, Pay Never, which it says will let users …

Fiserv Inc. said it has agreed to acquire the 49.9% share of Ireland-based AIB Merchant Services it doesn’t already own. The joint venture between the two companies dates back to 2007. CPACharge, an online payment service for accounting professionals from AffiniPay, has a new partnership with SafeSend, a service for tax …

The Teamsters Union, along with labor unions in the retail and food-service sectors, sent a letter to Congress Wednesday supporting the Durbin Marhsall Amendment to the GENIUS Act, a bill to regulate stablecoins. The endorsement is the latest salvo in the ongoing battle over the Credit Card Competition Act, which …

Ever since the card industry launched technology that lets merchants process transactions through an off-the-shelf mobile device, companies have worked to refine the idea further. Now, consumers can look forward to making remote purchases with a tap on their phone’s screen when they see something they want, according to payments …

Prizeout, a fintech specializing in digital gift card payouts and cashback rewards, announced CashBack + Pay late Tuesday, a cashback program for debit card holders whose cards have been issued by credit unions. CashBack+ Pay gives credit union debit card holdings instant rewards averaging 6.8% of the transaction amount, the …

Cannabis remains a federally illegal drug in the United States, but various states have acted over the past decade to legalize it and sales continue to grow fast enough that the market remains potentially lucrative for processors and banks. An example of how a major financial institution has entered this …