Issuing/Originating

Amid one of the greatest crises in a century, the way we execute commerce and pay for goods and services has seen an acceleration that will be with us long after we return to some semblance of normalcy. The Covid-19 pandemic has accelerated by five years or more the adoption …

While mobile-wallet ownership holds steady at 45%, younger consumers are embracing the payment technology more readily than they were 10 months ago, according to a research from the big processor FIS Inc. As of February, 65% of young Millennials use a mobile wallet, compared to 59% in April 2020. In …

The Diem cryptocurrency, once known as Libra, has undergone so much change in the past year that some observers at least might argue it’s almost an entirely different project. The latest development emerged late Wednesday with the announcement that the Diem Association is moving its operations from Switzerland to the …

Repay Holdings Corp. said it is acquiring BillingTree, which provides payment services to the healthcare, credit union, accounts receivable management, and energy industries, for $503 million. BillingTree was founded in 2003. Repay also released its first quarter results with $47.5 million in revenue, a 20.3% increase from $39.5 million in the 2020 first …

Pressure may be building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year. In part, observers are reacting to a report …

Payments provider Nuvei Corp. reported first-quarter volume of $20.6 billion, up 132% year-over-year, with e-commerce accounting for 87% of that total. Revenue grew 80% to $149.9 million. Nuvei was known as Pivotal Payments until rebranding in 2018.Kount, an authentication and fraud prevention provider, announced Kount Dispute and Chargeback Management Solution, a service that integrates …

Payments provider Nuvei Corp. announced an agreement to acquire SimplexCC Ltd., whose technology enables market participants to buy or sell cryptocurrencies. The $250-million deal is expected to close in the second half of the year and comes on the heels of Nuvei’s agreement to acquire sports-betting technology specialist Mazooma Technical Services Inc. for $56 …

Despite posting significant gains in dollar and transaction volume in the first quarter, Zelle, the fast-growing peer-to-peer network operated by Early Warning Services LLC, says it has just begun to mine P2P payments’ growth potential.  Earlier this week, Zelle announced $106 billion was sent through its network on 392 million …

Flywire Corp. said users of its education payment service can now use Discover and Diners Club International cards to pay tuition and fees at educational institutions served by Flywire.The chief executives of 21 banks plus Fiserv Inc. and Jack Henry & Associates signed a letter committing their organizations to real-time bill …

The Zelle peer-to-peer payment network handled $106 billion in volume in the first quarter on 392 million transactions, up 74% and 61%, respectively, year over year. Zelle is owned and operated by Early Warning Services LLC.Jack Henry & Associates Inc., a provider of payments technology to financial institutions, said it has integrated Mastercard …