Digital Currency

For decades, payments progress has been measured by how much friction disappears between initiation and transaction. Checks and cash gave way to credit cards. Credit cards gave way to digital wallets. And now, stablecoins are emerging as a new payments rail, with the potential to change how businesses move and …

Motorola launched its moto watch ultra, the latest version in its line of moto watches. The device includes Google Wallet and NFC capability for payments, among other features. MassPay, a platform enabling businesses to send money to 180 countries, launched MassPay Collect, which allows businesses to receive funds in stablecoins. Diameter …

OpenPayd, a London-based provider of open-banking and stablecoin services, announced an expansion into the U.S. market, having acquired 43 state money-transfer licenses. Globally, the company processes more than $300 billion in volume yearly for more than 1,200 businesses. The announcement comes following OpenPayd’s integration this month of MSB USA Inc., …

ACI Worldwide Inc. announced an agreement to acquire Cranium Ventures, a developer of technology for switching card-based transactions. Cranium will become part of ACI’s Connetic for Cards payments-orchestration unit, launched in March. ACI says its various units process more than 300 billion card transactions per year. Terms of the deal, which …

Payments platform Bilt said its Bilt Rent Day, which occurs the first day of each month, is collaborating with Global Citizen and actor Hugh Jackman Sept. 26 to promote the event. Bilt allows users to earn rewards on rent and other housing expenses. TD Bank announced it has moved tokenized dollar-denominated funds between …

PayPal Holdings Inc.’s shares fell early Friday following news reports late Thursday that Stripe and Advent have abandoned their pursuit of the payments giant. PayPal’s board reportedly spurned the Stripe/Advent offer of $53 billion, or $60.50 per share, as too low. PayPal’s shares were trading at $61.47 at the market’s close Thursday. Some 47% …

Visa Inc. announced the latest version of its Visa Vulnerability Agentic Harness, which the card network says will help reduce the time between the discovery and resolution of fraud-attack paths. Some resolution times can be cut from weeks to hours, Visa says. Payments-technology company CARD91 launched SpendFlow, a commercial card program it says …

Miracle Pay, a provider of payments technology for merchants, said it will work with zerohash, a provider of cryptocurrency technology, to enable stablecoin acceptance at both physical and online merchants. At the point of sale, consumers will use crypto wallets on their phones to fund transactions. A survey of 1,000 consumers …

Fraud-detection provider Accertify said it has gained HIPAA compliance, allowing the company to offer more services to health-care organizations. Bluefin Payment Systems LLC said it now offers point-of-sale products for card-present payments integrated with Visa Acceptance Solutions.  Centerbase, a software provider to law firms, said it has integrated the electronic billing technology BillSync …