Issuing/Originating

Decentralized finance (DeFi) is revolutionizing the way consumers and businesses handle their financial affairs, offering an innovative alternative to traditional, centralized financial systems. This transformation is creating a dynamic financial landscape where both traditional finance methods and DeFi coexist, encouraging real-time, transparent, and secure digital payment solutions. This evolution presents …

CUSIP Global Services announced late Wednesday that it will be taking over day-to-day operations of the administration of the issuer identification number system from the American Bankers Association. The change is not monumental as CUSIP has a long history of managing numbering programs for the financial services industry. The ABA …

Payments provider Lightspeed Commerce Inc. reported December-quarter revenue of $239.7 million, up 27% year-over-year. The company narrowed its net loss to $40.2 million from $814.8 million a year ago. Payments platform FleetCor Technologies Inc. reported December-quarter revenue of $937.3 million, up 6% year-over-year. Net income rose 6% to $255.9 million. For full-year 2023, revenue …

Credit union service organization PSCU/Co-op Solutions released its buy now, pay later service to credit unions, enabling their cardholders to make installment payments on their card-based purchases. PSCU/Co-op, which merged Jan. 1, says cardholders whose credit unions enroll in the service can choose qualifying transactions to pay back in installments. …

Proponents and opponents of the Credit Card Competition Act continue to press their respective cases for passage and rejection of the CCCA by Congress. Late Monday, the Merchants Payments Coalition fired the latest salvo in its campaign to pass the CCCA, a television commercial that literally shows a consumer getting …

Fiserv Inc., already a behemoth in merchant processing, is preparing to straddle its twin pillars of acquiring-bank relationships, on the one hand, and its own acquiring operations through a Georgia bank charter, on the other. The charter, which the big processor applied for last month, has “a very specific purpose,” …

AffiniPay, a specialist in payments for professional offices, launched a refreshed version of its In-Person-Payments service featuring new payments devices that include tap-to-pay functionality. Fiserv Inc.’s Small Business Index for January remained unchanged from December at 138. Year-over-year sales grew 1.7%, down from December’s 2.6% rate. The Index, introduced in January, measures …

AtoB, a 4-year-old payments platform for the trucking industry, announced Monday that Mastercard Inc. will be the exclusive network for its commercial card program. AtoB’s platform provides such tools as fleet cards, direct-deposit payroll, and access to bank accounts. The San Francisco-based fintech’s fuel card offers discounts of up to …

KioSoft Technologies has agreed to license technology from PayRange Inc. in a deal that could exceed $62 million in value over a 10-year period. The agreement stems from a settlement of a four-year dispute in which PayRange, a provider of payments technology for the laundry and vending industries, alleged KioSoft infringed its …

Amazon.com Inc. is offering buy now, pay later loans in Mexico through a partnership with Kueski Pay, a BNPL program in Mexico. Shoppers on Amazon Mexico can use Kueski Pay to pay for their purchases in four or 12 bi-weekly installments through a linked bank account or debit card, or …