Thursday , September 21, 2023

Digital Currency

Freedom Pay Links With Worldpay And Other Digital Transactions News briefs from 9/20/23

The payments platform FreedomPay said it is expanding its partnership with the processor Worldpay to cover more geographic markets globally. FIS Inc. in July agreed to sell a 55% interest in Worldpay to the private-equity firm GTCR in a deal expected to close in 2024’s first quarter. Buy now, pay later specialist Sezzle Inc. announced an …

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Fitli Taps Usio And Other Digital Transactions News briefs from 9/13/23

Fitli, an independent software provider for fitness professionals, has selected Usio Inc. for payments processing. Prepaid card specialist Blackhawk Network has agreed to launch “Gift Card Malls” inside airport and casino shops operated by WH Smith North America. Three unnamed central banks are testing a method from international money-transfer platform Swift to enable interoperability …

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PayPal Expands a Processing Agreement With Uber, While BitPay Supports PayPal’s Stablecoin

In an expansion of its existing processing relationship with PayPal Holdings Inc., ride-sharing technology provider Uber Technologies Inc. will begin making use of PayPal’s domestic debit network routing in the United States and other markets and enable Uber drivers to receive wages directly in their PayPal and Venmo wallets. PayPal …

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PCI DSS 4.0 Compliance Concerns And Other Digital Transactions News briefs from 9/12/23

Some 90% of businesses are “concerned” about whether they will be able to meet a March 2025 deadline for compliance with PCI DSS 4.0, a newly updated payments-security standard, according to a survey from payments-security firm Bluefin and S&P Global Market Intelligence. The survey was conducted during the second quarter and included …

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A Top Fed Official Points to Real Time Payments Progress While Eyeing Stablecoins Skeptically

The Federal Reserve seeks to work closely with private-sector instant-payment services and plans to carve out a regulatory role to govern developments in stablecoins, a top official at the Fed said Friday. The remarks come in the wake of the Fed’s launch in July of its FedNow real-time payments network. …

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Zip Eyes Expansion And Other Digital Transactions News briefs from 9/11/23

Buy now, pay later specialist Zip Co Ltd. said it is working with Primer, a payments and commerce provider, to expand and optimized its payments stack. The troubled cryptocurrency exchange FTX is seeking to reclaim millions in payments it made to celebrities and sports personalities prior to its November bankruptcy filing. Merchant services provider PayBright named …

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Eye on Cannabis: POSaBIT POS 2.0 Debuts; Organic Payment Gateways’ New Program

Though not as credit and debit card friendly as some industries, the legalized cannabis industry continues to create opportunities for payments companies. Among the latest developments are the release of POSaBIT Systems Corp.’s latest point-of-sale system and a new program from Organic Payment Gateways. Bellevue, Wash.-based POSaBIT says its POSaBIT …

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Visa Moves Blockchain Into Acquiring With a Pilot for Merchant Processors

Visa Inc., which has been working with blockchain-based currencies at least since the start of the decade, on Monday said it is starting to expand its cryptocurrency services into merchant acquiring, largely for cross-border transactions. The move, which Visa calls a “pilot project,” involves the major merchant processors Worldpay and …

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Bitcoin Depot Adds Merchants Where Consumers Can Buy Crypto at The Point of Sale

Bitcoin Depot Inc., a Bitcoin ATM operator, has expanded the footprint of its BDCheckout program to more than 400 retail locations in Iowa and Louisiana. BDCheckout enables consumers to fund digital wallets with cryptocurrency at checkout through Bitcoin Depot’s network of merchants. Consumers can access BDCheckout at 246 convenience stores …

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Vet Platform Otto Secures $43 Million in Financing And Other Digital Transactions News briefs from 9/1/23

Otto, a business and payments platform for veterinary practices, announced a $43-millon Series B equity-financing round. The company, formerly called TeleVet, now claims more than 8,000 clinics. Nexo introduced its Nexo Card, a Mastercard-branded card that allows holders to use as either a credit or debit card on each transaction, with …

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Digital Transactions