Repay Holdings Corp. said it has agreed to pay approximately $372 million to acquire Kubra Data Transfer LTD., a provider of bill-payment technology with more than 250 clients. The payment will be financed with cash on hand and debt financing, Repay said. Payway Inc., a developer of payment software, said its …
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Digital-payments provider Wirex has expanded its relationship with Crossmint Inc., a stablecoin and wallet-technology provider, to connect Wirex’s card-issuance platform directly with Crossmint’s smart wallet and stablecoin-orchestration platform. The expanded relationship will make it easier for consumers to spend stablecoins directly from their digital wallets by streamlining fintechs’ cumbersome process …
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Blockchain Technology Consensus Solutions Inc., better known as BTCS, early Friday reported a nearly four-fold jump in blockchain revenue for 2025, to $15.2 million. The result comes as operators in so-called traditional finance begin to take a greater interest in blockchain technology and the companies that develop it. Total revenue …
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Powered by international growth, American Express Co. reported early Wednesday that its merchant network now has more than 170 million locations worldwide. In his annual letter to shareholders, AmEx chairman and chief executive Stephen J. Squeri also plugged the 176-year-old company’s artificial-intelligence initiatives. What AmEx calls its “locations in force” …
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Bank-focused instant payments have been around since 2017, when The Clearing House Payments Co. LLC launched its RTP network, and gained more attention with the 2023 debut of FedNow from the Federal Reserve. While thousands of banks and credit unions have signed up to receive real-time payments from these services, …
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With nearly three-quarters of major U.S. banks reporting an increase in fraud losses last year, developers of fraud-prevention technology are scrambling to offer solutions. In the latest example, the Portugal-based technology company Feedzai has announced RiskFM, a tool the company says replaces a singular reliance on card-network data with information …
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Payments processor Lightspeed Commerce Inc. announced a new AI-based tool aimed at helping merchants with inventory, product availability, and stock discrepancies. Ticket Fairy, a digital platform that handles ticket sales and other functions for live events, announced its incorporation of AI in the launch of its new platform, Ticket Fairy 3.0. Founded …
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For years, PayPal has maintained two separate peer-to-peer payment services, though the brand it promotes most often for this capability is Venmo. But Venmo users have not been able to send money outside of the United States, limiting its utility. Now, that’s changed. Early Monday, PayPal announced a new link …
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The cryptocurrency platform KuCoin introduced its Tomorrowland Limited Edition KuCard, a Visa card issued in partnership with the Tomorrowland music festival taking place March 21-28. Glia, an AI platform for banks, has integrated a loan-payment technology from MessagePay in an effort to integrate payments into digital interactions between community banks and their …
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The Electronic Payments Coalition has opened another front in the battle over the Illinois Interchange Fee Prohibition Act with the launch of an ad campaign aimed at having the law overturned by the Illinois legislature. The campaign comes hard on the heels of efforts by organizations representing financial institutions in …
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