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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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Mastercard Inc. and PayPal Holdings Inc. said they will work together to develop new features to the recently introduced Mastercard One Credential, a digital payment service that supports multiple payment methods that launched in February. In related news, PayPal said it is adding new capabilities to its Venmo social payments platform, including limited time …
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Consumers with PayPal Credit accounts soon will be eligible for a new Mastercard Inc. branded card to use in store with their accounts. Announced Tuesday, the new card taps consumer credit lines in their PayPal Credit accounts, which are issued by Synchrony Financial. PayPal Credit accounts have been most associated …
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Klarna AB has unveiled Klarna Card, a debit card offering the choice to pay immediately or later. The product incorporates the Visa Flexible Credential technology from Visa Inc. In other Visa news, the card network appointed Andrew Torre president of value-added services, replacing Antony Cahill, who has been appointed regional president and …
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Over the weekend, President Donald Trump withdrew the nomination of Jared Isaacman, Shift4 Payments Inc. founder and chief executive, as the nominee to lead NASA, the Associated Press reported. In a statement on Truth Social, Trump wrote, “After a thorough review of prior associations I am hereby withdrawing the nomination of Jared …
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