Digital Currency

Research released early Tuesday argues stablecoins have made their move out of niche applications and into the mainstream of international payments, propelled by fast transactions and perceived security. That’s according to the “Stablecoin Utility Report” from stablecoin-technology provider BVNK, with research conducted by YouGov among more than 4,600 digital-currency users …

Can/Am Technologies Inc. has introduced Teller Payments, aimed at helping state, local, and education agencies process payments within Can/Am’s Teller Government Cashiering system. The processor Fiserv Inc. is supporting the service through its independent software vendor partner program. Metropolitan Commercial Bank, based in New York City, is one of the first …

Fiserv Inc. has launched INDX, a real-time cash-settlement platform that enables digital-asset companies to store and transfer U.S. dollars at all hours and every day in real time. Digital-asset companies can use INDX to move dollars into a single custodial account insured up to $25 million by the Federal Deposit …

Restaurant point-of-sale specialist Toast Inc. announced its December-quarter gross payment volume grew 22% year-on-year to $51.4 billion, while total locations reached 164,000, up 22%, and net income totaled $101 million, more than triple the sum a year earlier. For the full year, GPV totaled $195.1 billion, up 23%, while net income swelled …

Gaming-transactions specialist Pavilion Payments said it has agreed to acquire payments and automation contracts, along with technology assets, from DiTRONICS Financial Services, a funds-access platform serving casinos. Terms were not announced. Knot, an app linking consumers, merchants, and financial institutions, said it will work with Fiserv Inc. to enable Lyft drivers to more easily …

Adyen NV announced Personalize, a tool that lets businesses modify checkout pages in real time in response to shopper preferences. The new service is related to Adyen Uplift, a routing capability launched last year and aimed at increasing conversion rates. Lut, a cannabis-payments specialist, said it will work with Frankenmuth Credit …

Block Inc.’s Square point-of-sale unit announced the launch of SquareAI in the United Kingdom. The technology, which Square says is free to merchants, offers conversational AI intended to help business owners interpret their data and arrive at decisions faster. Payments provider Blue Payment Agency Inc. expanded its focus to help e-commerce sites, especially those …

The ride-sharing service Uber will expand its use of payments services from Adyen NV to cover more geographies and will make use of Adyen’s Checkout API product for a wider choice of payment methods, the companies announced. Honor Capital said it is working with ePayPolicy to offer financing when insured customers are making premium …

Payments platform Corpay Inc. said its revenue rose 21% year-over-year in the December quarter to $1.25 billion. Net income totaled $264.5 million, up 8%. Transactions in vehicle payments, the company’s largest business, came to 221.9 million, up 7%. Nacha, the regulatory body for the automated clearing house network, announced participants have been elected …

Technology from Stripe Inc. will support transactions for PhotonPay, a Hong Kong-based fintech processing online payments for more than 200,000 businesses globally. According to PhotonPay’s announcement, released early Wednesday, the addition of Stripe’s technology will widen its offering of payment methods as well as reinforce uptime, though the company did …