Marketing

The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have completed a proof-of-concept aimed at introducing faster cross-border payments than are currently available. The three member-owned companies announced Monday they have finished a project to synchronize cross-border payments occurring in one instant-payment system with …

Payments provider Nuvei Corp. said it will offer its U.S. merchant clients access to Visa Direct, Visa Inc.’s real-time push-payment network, for near real-time payouts.Ecrid Inc., a startup credit bureau that includes a bill-payment capability, announced it has filed for an initial public offering expected to raise $20 million.Payments provider Usio Inc. said the …

Subaru Park, home of major league soccer’s Philadelphia Union, is the latest sports stadium to go entirely cashless. The team announced Thursday it was deploying more than 130 Clover point-of-sale devices from Fiserv Inc. to enable contactless purchases at concession stands and premium seating areas in the stadium. Like many professional …

Bakkt, a digital-asset marketplace, said its users can now load their Bakkt Visa debit cards into Google Pay and use the crypto-backed cards to make online and in-store payments where Google Pay is accepted. The consumer’s digital asset, such as Bitcoin, will be converted to fiat currency for these payments. …

A September survey of 850 information-technology professionals around the world by security-software provider Hornetsecurity Group found more than 9% saying their organization had paid a ransom to recover data after a ransomware attack. Some 15.2% said their organizations don’t perform regular data backups.Parkmobile LLC, whose mobile app enables reservations and payment for …

One of the first moves to bring a payment system not controlled by Apple Inc. to Apple’s App Store emerged Thursday and follows a landmark federal-court ruling last month. Paddle Ltd., a London-based payments provider, said it will begin offering the alternative Dec. 7, in line with the terms of …

Purchase scams, in which consumers pay for goods that never arrive, was the number-one fraud type in the second quarter in terms of card-fraud attempts, beating out social-engineering frauds, according to fraud-prevention firm Feedzai. The top city for overall fraud attempts was Las Vegas, with fraud up 411% in the quarter …

Mega-retailer Target Corp. says consumers can now use buy now, pay later options from Sezzle Inc. and Affirm Inc. Though Target doesn’t say why it is offering two BNPL options, it distinguishes Affirm, which offers a point-of-sale loan that charges interest, as best for purchases of more than $100. Sezzle, …

Retail spending, except for automotive and gas, increased 5.4% in September year-over-year, Mastercard Inc. said in its latest SpendingPulse report. E-commerce sales were up 11.5% over last year for the same period.Sila Inc., a fintech software platform, has combined forces with Arcus Inc., a payments-technology firm, to allow businesses to make payments …

On-the-spot installment lending, known now as buy now, pay later, has achieved such a high profile since the onset of the pandemic last year that observers are starting to calculate just how much consumer spending it’s accounting for—and how much risk it might pose for consumers and lenders. A report …