Credit Cards

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 …

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 …

Embedded payments and embedded finance have taken on an almost viral adoption within the payments industry, and the latest to tweak their services is processor Worldpay Inc. with its new Embedded Finance Engine. In related news, Fiserv Inc. says it will acquire StoneCastle Cash Management in a bid to better …

Payments-technology developer Echelon Payments said it will expand into processing for non-profit organizations by working with Create.Payments, a payments provider specializing in that market. Nuvei Corp. said its partnership with Loop Global, an electric vehicle charging services company, now includes direct local acquiring capabilities for turnkey unattended EV charging terminals in Canada. Embedded-payments …

American Express Co. said it has launched a travel app that combines travel-planning and booking capabilities.  Developed in response to cardholders it says are looking for an app that provides travel insights, premium offers, and high-value benefits, the app guides cardholders in planning their getaway through what AmEx calls “curated …

Peer-to-peer payments competition has increased with the debut of PayPal links, a new way for PayPal users to send funds to others. PayPal links enable users to create a personalized link to share that contains the amount and a short description. PayPal says they can be shared in any conversation, …

Merchants caught up in three pricing class-action lawsuits involving Discover Financial Inc. have a proposed settlement to evaluate, according to a notice from the U.S. District Court for the Northern District of Illinois. Announced Thursday, the settlement could see eligible merchants receive payments for Discover-issued consumer credit cards that were …

Klarna Group plc, a Sweden-based buy now, pay later platform with major U.S. operations, said its initial public offering closed with 34.3 million shares outstanding at an IPO price of $40 per share. Klarna closed at $42.74 per share after the first day of trading Thursday. Alipay said its Alipay Tap! contactless-payment service …

Nuvei Corp. is adding the Paze digital wallet as an option for its merchants just as the much-anticipated fourth quarter nears. Paze is the online wallet from Early Warning Services LLC that is meant to expedite the checkout process for e-commerce businesses. Montreal-based Nuvei, privately held since last year, joins …

Worldpay LLC announced it will continue processing payments for Henry Schein One under a new long-term contract. A dental-software house, Henry Schein One, serves 75,000 practices. Worldpay is in the process of becoming part of Global Payments Inc. Private-equity firm GTCR has acquired Innovative Systems, a 27-year-old provider of payments and bill-processing software. …