PhotonPay announced over the weekend it has joined Circle Internet Financial’s fledgling Arc blockchain, representing the latest participant for Arc since Circle unveiled the network in August. Hong Kong-based PhotonPay, which in July became a Mastercard commercial card issuer, also supports Mastercard users of Google Pay to enable contactless payments …
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It’s a big update day for users of Cash App, the money-movement service from Block Inc., as a new artificial-intelligence tool, a borrowing service, and cryptocurrency options are added. Announced Thursday, the roster of 11 product updates to Cash App, which launched in 2013 as a person-to-person payment method called …
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The payments industry for some time has been seeking meaningful growth in applications based on cryptocurrency, and early on Wednesday, one of the industry’s biggest players in that corner of the marketplace said it is making that happen with stablecoins—digital currency whose value is tied to fiat money like the …
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PAR Technology Corp. launched PAR Catering, a service to help restaurants build and manage their catering operations. Block Inc.’s Square point-of-sale unit has launched a service that lets merchants accept bitcoin and manage digital assets in tandem with fiat currency. The service, which is charging no fees for the first year, includes …
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Research released by processor FIS Inc. indicates almost 75% of consumers would be open to trying stablecoins if the digital currency were offered by their bank, whereas 3.6% profess comfort with unregulated providers. The research surveyed nearly 1,000 U.S. consumers. Digital financial-services platform SoFi Technologies Inc. has launched SoFi Crypto, a service allowing consumers …
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It’s a busy day for PayPal Holdings Inc. and its payments services. Five years after launching PayPal Pay in 4 in the United States, PayPal now offers the buy now, pay later product in Canada. PayPal also said Venmo, its social-based money movement service, launched Stash, a rewards program for …
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The 12-year-old Cash App wallet remains a key driver for Block Inc. Cash App gross profits grew 24% year over year during the third quarter of 2025, which helped contribute to Block’s overall gross profit of $2.66 billion during the quarter, an 18% increase from a year earlier, Block chief …
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Buy now, pay later specialist Affirm Holdings Inc. says Amazon.com Inc. extended by five years its deal with Affirm to offer installment-payment services, an option first offered in 2023. The move comes as Affirm posted $933.3 million in revenue for its 2026 fiscal first quarter. Affirm, in a shareholder letter, …
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Faster payments continues to be among the more advanced payment options coming from acquirers and processors. Now, Nuvei Corp. is among the first to integrate Visa Direct for Account, the processor says. Announced Thursday, the integration means clients on the Nuvei platform can use Visa Direct for Account to send …
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FIS Inc. historically has been known for its banking technology and for its merchant processing. With its sale of the merchant processor Worldpay to Global Payments Inc., the Jacksonville, Fla-based company has been venturing into other new business opportunities, including artificial intelligence and stablecoins, its top management indicated early Wednesday. …
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