Issuing/Originating

Financial-technology provider Finastra said it is incorporating Visa Direct, a real-time push-payment capability developed by Visa Inc., as a cross-border payout offering for banks.Coinsquare, a crypto asset trading platform based in Canada, said it has agreed to acquire Simply Digital Technologies Inc., owner of the CoinSmart trading platform and a unit of …

As payments fraud grows more threatening by the year, a report on Thursday from the governing body for the automated clearing house network recommends the payments industry shift its emphasis from combatting unauthorized debits to preventing crimes involving credit payments. Dubbed a “new risk-management framework,” the recommendation issued by Nacha …

Galileo Financial Technologies LLC said late Tuesday it is partnering with DataVisor Inc. to enhance its fraud-detection technology beyond credit cards to include such payments options as debit cards and the automated clearing house. The new technology will also include provisioning and onboarding of new accounts. The partnership comes as …

As consumers look to improve their education and gain new skills, many are turning to buy now, pay later services to finance these efforts. On Wednesday, the Atlanta-based BNPL provider Splitit USA Inc. said its merchant sales volume in digital education and professional development ballooned 350% from 2019 to 2022. …

Paysafe Ltd. said it will offer its payment gateway to international merchants using a payments orchestration platform from Spreedly.Payments provider Fortis said its services will be integrated with hotel property-management systems from Visual Matrix under a new agreement. Visual Matrix says more than 3,000 properties use its technology.Visa Inc. said it has processed more …

An effort backed by many of the nation’s major retailer trade groups to put a lid on credit card acceptance costs took a big step forward Monday with the introduction in the House of Representatives of the Credit Card Competition Act. The bill, launched in July in the Senate, seeks …

The Wall Street Journal reported that Republican attorneys general for 23 states have warned American Express Co., Mastercard Inc., and Visa Inc. to stop their effort to create a merchant code for gun stores, alleging the effort could result in a mishandling of consumer data and would fail in its purpose of preventing gun …

Seeking to carve out a slice of business-to-business sales, Flexbase Technologies Inc., a San Francisco-based fintech that provides financing technology to businesses, has launched a buy now pay later app for the B2B market. The app, called Flexbase Pay, provides a fresh twist on the traditional net-60 credit terms in …

As the Federal Reserve prepares to raise interest rates for what would be the fifth time this year, U.S credit card holders are already feeling the squeeze. Some 60% of all cardholders are not only in debt to the issuer, they have been in debt for a year or more, …

Long anticipated, a report from the Consumer Financial Protection Bureau offers suggestions on how regulation might aid the buy now, pay later industry, but doesn’t recommend a wholesale review of its practices. Among the risks outlined in the “Buy Now, Pay Later: Market trends and consumer impacts” report, released Thursday, are …