Zelle, the peer-to-peer payments service from Early Warning Services LLC, is preparing to launch a marketing campaign aimed at highlighting its utility in everyday life. Dubbed “When It Counts,” the campaign is intended to show how woven into consumers’ daily lives Zelle has become, with such features as splitting a …
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The continuing popularity of the buy now, pay later won the attention of financial institutions some time ago, and now credit unions are starting to get in on the act. That news emerged Thursday as statistics from the big BNPL platform Affirm Inc. showed that the increasingly popular shopping service …
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Shares in PayPal Holdings Inc. traded down toward the end of the day Wednesday following a report from Reuters that some banks in Europe were experiencing unauthorized direct debits from PayPal accounts, according to the BBC. PayPal told Reuters some banking partners had been affected by “a temporary service interruption” and the …
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Finastra, a London-based developer of payments software for banks, said Wednesday it will work with Circle Internet Group Inc. to let banks include stablecoin settlement in their cross-border payments processing. In related news, the cross-border payments technology provider Tazapay announced it has closed on a Series B round with funding …
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Worldpay LLC announced it will continue processing payments for Henry Schein One under a new long-term contract. A dental-software house, Henry Schein One, serves 75,000 practices. Worldpay is in the process of becoming part of Global Payments Inc. Private-equity firm GTCR has acquired Innovative Systems, a 27-year-old provider of payments and bill-processing software. …
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Casino-payments specialist Sightline Payments early Tuesday announced the launch of Sightline Debit, a demand-deposit account and debit card service for gamers to hold funds in a bank account and place wagers using a Visa-branded debit card. Developed in collaboration with Cross River Bank, which will hold the accounts, Sightline Debit …
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VersaBank USA started a pilot for its USDVBs, tokenized versions of actual cash deposits at the bank. The move follows a similar pilot by the bank in Canada. VersaBank says it will seek a non-objection statement from the Office of the Comptroller of the Currency before launching the product commercially. Thread …
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Gather Federal Credit Union in Hawaii has partnered with equipifi Inc. to become the first credit union in the state to offer buy now, pay later to its members. The credit union, which has more than 39,000 members on the islands of Kauaʻi and Niʻihau, will offer the service as …
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Canadian fintech Zūm Rails early Thursday launched a reloadable prepaid card program on the Mastercard network for businesses in Canada, in which Zūm will serve as the card issuer. As the issuer, Zūm Rails says it can reduce by months the time it would take for businesses to launch such …
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Technology provider Q2 Holdings Inc. announced Open Payment Network is its first partner to offer integration for Q2 Instant Payments Manager, a product aimed at banks looking to manage real-time payment workflows. Canada-based payments provider Corpay Inc. announced its cross-border platform has become the official foreign-exchange partner to the New Zealand Football club. Klear.ai, …
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