Mobile Wallets

Visa Inc. has been involved in various stages of stablecoin processing for the last three years, but this week the card network stepped up its involvement with the cryptocurrency, launching Visa Stablecoin Platform. The new service is starting out in beta testing with “select clients,” Visa says, as companies determine …

Companies looking for a faster way to accept payments in fiat currencies but settle in stablecoins may have a new option in an integration announced Wednesday between XDC Tech and Bridge, the stablecoin unit of the payments-technology firm Stripe. Under the arrangement, merchants can accept dollars or other fiat currencies …

JetBlue Airways Corp. is embarking on a unique twist to its buy now, pay later payment method by tying its loyalty program and embedded financing from ClarityPay close together. Using ClarityPay’s service, which makes custom point-of-sale lending options available to a merchant’s customers, the program will be able to offer …

A newly released standard for QR code payments could make it easier for consumers and merchants to use instant payments, says the Accredited Standards Committee X9 Inc. X9 is a nonprofit organization that develops and maintains national and international standards for the financial-services industry. The new standard, officially called X9.150, …

E-commerce platform Digistore24 Inc. is adding another payment option, one that allows consumers to pay directly from their bank accounts for purchases made at merchants that use the platform. Dubbed Instant Bank Payments, the service is available for U.S. transactions and is enabled by a Stripe Inc. service, Stripe Link. …

Circle Internet Group Inc. said its plan to establish First National Digital Currency Bank, N.A., has been approved by the Comptroller of the Currency. The bank’s operating name will be Circle National Trust. Circle submitted its banking application June 30 last year and received conditional approval in December. The move …

Southwest Airlines Co. is adding Klarna AB’s buy now, pay later options to its suite of payment methods. It’s the first time Southwest has accepted Klarna. Expected to be available later this year, the Klarna BNPL option will supplement a Flexpay installment option Southwest already offers, a Klarna spokesperson says. …

Only a fraction of U.S. drivers redeemed rewards on millions of eligible gasoline-purchase transactions in June, payment-technology provider Verifone Inc. says following a study of its gas-station merchant base. Meanwhile, American Express Co. reported Wednesday that it has enhanced its Membership Rewards program by allowing cardholders to redeem points directly …

The American Arbitration Association, working with Integra Ledger and other companies, announced the launch of the Legal Context Protocol for agentic commerce. The participants say the protocol constitutes an open standard for legal terms, consent, and dispute resolution for transactions performed by AI agents on behalf of people and organizations. Fraud prevention …