Payments platform Blackhawk Network Inc. is working with Fold Holdings Inc., a financial-services company specializing in Bitcoin, to widen distribution of the Fold Bitcoin Gift Card, launched in May. More online merchants are expected to begin offering the card in coming weeks, the parties say. Worldwide Stablecoin Payment Network (WSPN) has launched Global …
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PayPal Holdings Inc.’s latest wallet initiative, PayPal World, will go live this fall and aims to reach more than 2 billion consumers, the company’s chief executive said early Tuesday. Alex Chriss followed up on an earlier announcement of the initiative by stressing how the venture will tie together five of …
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PayPal Holdings Inc. early Monday launched Pay with Crypto, a cross-border payment option that instantly converts cryptocurrencies to stablecoins or fiat currencies. The new payment option provides merchants and consumers a unified platform that connects fiat and digital payments and supports more than 100 cryptocurrencies and crypto wallets, such as …
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Card91, a payments-software platform based in India, announced merchant onboarding and verification technology based on artificial intelligence and aimed at banks and payment aggregators. FreedomPay’s gateway will support e-commerce and in-store payments for restaurants as part of an agreement with Deliverect, a provider of commerce technology for fast-food chains, including Taco …
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Corporate card issuer Corpay announced it is selling off a fuel-card portfolio in a deal it says will bring in $60 million and free up $35 million in working capital, funds the company says will aid its $2.2 billion acquisition of Alpha Group International plc., a United Kingdom-based banking company. Pumpkin Insurance …
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Samsung Electronics America is partnering with Splitit USA Inc. to offer installment payments to Samsung wallet users. The new feature will enable Samsung wallet users to make in-store purchases using an existing Visa or Mastercard card in their wallet and pay for the purchase over time. Samsung wallet users will …
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PayPal Holdings Inc. early Wednesday launched PayPal World, a series of partnerships that will connect digital wallets outside the United States to its platform and enable interoperability with PayPal and Venmo wallets at the point of sale. PayPal World, which will go live this fall, will enable users to pay …
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Affirm Inc. said it will offer its installment-payment services to customers of New Look Vision Group in Canada. The company operates 475 stores in Canada and the United States. Payments platform Payroc announced it has agreed to acquire LedgerPay Inc., which does business as PayiQ. With the acquisition, Payroc says it will gain …
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The House of Representatives on Thursday passed the GENIUS Act, a bill aimed at regulating stablecoins, giving the nascent digital currency a boost as a mainstream payment option. The GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act is intended to provide a legal structure for stablecoins and enhance …
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American Express Co. reported a 7% year-over-year rise in billed business in its June quarter, to $416.3 billion, while revenue increased 9% to a record $17.9 billion. But net income sank 4% to $2.89 billion. For the year’s first half, billed business rose 6% to $803.7 billion. Net income was static …
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