Issuing/Originating

Merchant interest in accepting cryptocurrencies continues to expand, with headline progress stemming from high-end luxury-goods segments. The latest example comes from ECD Auto Design, a Kissimmee, Fla.-based dealer in restored luxury cars. The company on Thursday announced it is accepting crypto for vehicle purchases. ECD’s move comes as digital currencies …

Plaintiffs seeking to overturn Illinois’s interchange law filed a motion for summary judgement earlier this week and requested that the state’s attorney general drop the case to enforce the law, which is scheduled to go into effect July 1. A motion for summary judgment asks a court to decide a …

Nayax Ltd. has launched what it calls its State-of-Charge feature for EV Kiosk, a service that lets users pay for EV charging while capturing session details separately on a mobile device by scanning a QR code. Klarna AB has agreed to offer payments options, in including pay in full and buy now, …

Fiserv Inc. has acquired CCV, a payments provider operating in Germany, Belgium, and the Netherlands, in a deal aimed at speeding the deployment of Fiserv’s Clover point-of-sale platform in Europe. Terms were not disclosed. Lightspeed Commerce Inc., a payments provider specializing in hospitality, launched an AI-based product that lets clients build …

CellPoint Digital announced early Tuesday Southwest Airlines Co. will begin using its cloud-native payment-orchestration platform. The platform, which launched last month, is designed for airlines and travel companies and supports multiple payment methods, including credit cards, travel credits, alternative payment methods, and Southwest Rapid Rewards frequent-flier points. Consumers can also …

Buy now, pay later provider Klarna AB announced early Monday it is partnering with digital wallet provider OnePay to be the exclusive provider of installment loans to Walmart Inc.’s customers in the United States. Klarna is replacing rival Affirm Holdings Inc. as the retailer’s installment loan provider. Affirm had been …

The Independent Community Bankers of America said its ICBA Payments subsidiary is working with Mastercard Inc. to offer upgraded and enhanced card and payment services for 1,400 community banks. Mastercard will manage all cardholder communication and marketing while ICBA Payments will move its sponsored card programs to Mastercard at no cost and …

Square and Cash App parent Block Inc. announced late Thursday its Square Financial Services Inc. industrial bank has received approval from the Federal Deposit Insurance Corp. to make consumer loans through Block’s Cash App Borrow feature. Square Financial Services launched as a Salt Lake City-based, FDIC-chartered industrial bank in 2021 …

Buy now, pay later provider Zip Co. Ltd. is telling users it no longer will allow them to tap credit cards as a funding source. In an email this week, Zip says, “Starting in the next few weeks, you won’t be able to initiate new purchases through Zip using a …

The Electronic Payments Coalition has launched the latest salvo in its offensive against legislation seeking to regulate credit card interchange. This time the thrust takes aim at federal and state legislative efforts. At the federal level, EPC executive chairman Richard Hunt said during a press conference late Wednesday morning the …