Issuing/Originating

Buy now, pay later provider Affirm Inc. signed electronics retailer Newegg Commerce Inc. and The Passport Place, a travel document consultant, as new merchants.Payments platform Mogo Inc. said it has received regulatory approval in Canada to launch MogoTrade, a commission-free stock-trading service.Visa Inc. announced it has closed on its acquisition of Currencycloud, a provider of cloud-based technology …

To help buy now, pay later lenders better manage the risk associated with each applicant, Equifax Inc. on Monday announced it will begin in 2022 including BNPL payment data in consumer credit reports. To report the data, Equifax has created a new code to designate BNPL tradelines in consumer credit …

Building on the concept of transferring money directly from a bank account to a debit card, Astra Inc., a provider of bank-to-bank transfer technology, has introduced an application programming interface that enables money to be transferred from one debit card to another using the debit card networks.  The API, which …

The explosion in buy now, pay later point-of-sale lending was bound to catch the eye of regulators sooner or later, and on Thursday the other shoe dropped with a letter sent to five leading BNPL firms from the Consumer Financial Protection Bureau requesting information on their services. The five—Affirm Inc., …

Six U.S. Senators sent a letter to Rohit Chopra, director of the Consumer Financial Protection Bureau, asking the agency to initiate a review of buy now, pay later products with a view toward introducing consumer protections. All six Senators are Democratic members of the Committee on Banking, Housing, and Urban Affairs.Online gaming operator PointsBet has …

New research from Fiserv Inc. found that 16% of U.S. consumers have used cryptocurrency at least once to pay for goods and services. The survey of 2,200 U.S. adults also revealed that 25% of crypto users cited lack of merchant acceptance as the primary limitation to increasing the use of crypto as …

Building on its strategy of enabling businesses to offer more, and speedier, options when it comes to disbursements, digital payments firm KyckGlobal Inc. is partnering with ACI Worldwide Inc. The partnership will enable businesses to initiate payments, such as refunds or insurance claims, to consumers through PayPal, Venmo, ACH, prepaid …

Sweden’s Klarna AB has 21 million users in the U.S. market for its buy now, pay later app, but it wants a lot more. On Tuesday, it announced it will ease payments for its users by letting them pay off installments via direct transfers from their bank account. The service …

The world’s banking giants may or may not adopt cryptocurrencies at some point, but they are clearly looking to adopt the distributed-ledger technology that undergirds digital money. In the latest such move, Wells Fargo & Co. and HSBC Bank plc early Monday announced they have agreed to process cross-border transactions …

The giant credit bureau Equifax Inc. launched Onboard Connect, a service that the company says offers near real-time business verification, fraud checks, and other services to support business-to-business transactions.Vivid Seats Inc., a provider of technology that links ticket buyers and sellers, said it has closed on its acquisition of Betcha Sports Inc., …