Issuing/Originating

Ackroo Inc., a Canadian gift card and loyalty platform, announced early Friday it has reached a “definitive” agreement to be acquired by Paystone, a Canadian-based gift card and loyalty processor, in an all-cash deal for $21 million. Paystone will acquire all of the issued and outstanding shares of Ackroo at …

The American Bankers Association on Thursday issued a long and detailed letter it has sent to the Federal Reserve Board to argue its case against a Fed proposal that would reduce a longstanding cap on the interchange banks can earn on debit card transactions. The ABA’s action follows an analysis …

Slope, a provider of buy now, pay later solutions for business-to-business transactions, announced early Thursday it will use Marqeta Inc.’s card-issuing platform to issue a B2B credit card that features BNPL payment options. The card is expected to make it easier for businesses to manage purchases and cash flow by …

Canada-based processor Nuvei Corp. announced an expansion of its Google Pay offering to merchants throughout Latin America. The company already offers the wallet in the U.S., European, Asia-Pacific, and Australian markets. Grocery e-commerce platform eGrowcery said it and Forage, a payments provider that can process online EBT SNAP payments, are working on a service …

Google Inc. has sued the Consumer Financial Protection Bureau following the CFPB’s action Friday asserting federal supervision of the company’s Google Pay wallet. In the suit, filed in U.S. District Court in Washington, D.C., the same day the CFPB acted, the tech giant argues the case targets a payment service …

Consumers holding Bank of America Corp. credit and debit cards now have access to the Paze online checkout following BofA’s  declaration that all of its eligible cards are now enabled for the e-commerce service. Paze is an online-checkout service developed by Early Warning Services LLC. It is designed to provide …

Financial firms live and die by their reputation. While we know that, with credit unions, insurance companies, and holding companies, the result of a cyberattack could mean funding challenges, reputational damage, and even insolvency, what many don’t know is that, today, around 70% of business risks enter through an endpoint …

OwlTing Group, a blockchain-technology company, is working with MoneyGram International Inc. to support cash-in transactions from local fiat currencies to USD Coin in its OwlPay Wallet Pro service at nearly 50,000 MoneyGram locations in 30 countries. OwlPay Wallet Pro is a blockchain-based, unhosted digital wallet that enables cross-border transactions. USD Coin is …

The Real Time Payments network operated by The Clearing House Payments Co. said early Wednesday it will raise its transaction limit to $10 million, a tenfold jump from the current $1-million cap. The new limit will take effect Feb. 9, following a 60-day notice period required by The Federal Reserve. …

ATM maker Diebold Nixdorf Inc. said two bank clients in Central Asia are the first to launch ATMs using Microsoft Windows 11. Block Inc.’s trio of payments platforms—Square, Afterpay, and Cash App—processed a record 144 million consumer transactions over the Black Friday through Cyber Monday period, up 17% from the same time …