News

February, 2023

• 24 February

  Astra’s Instant Payment API Hits $100 Million in Annualized Payment Volume

  

  Astra Inc., a provider of bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises, announced late Thursday that fintech developers have processed more than $100 million of annualized gross payment volume and 650,000 in real-time transfers through its Instant Payment solution since May. Instant Payment leverages Visa Direct as …
• 24 February

  Western Union in Money Transfer Boost Deal and other Digital Transactions News briefs from 2/24/23

  

  The Western Union Co. has collaborated with the fintech Beforepay to offer users in Australia the option of boosting money transfers with loans up to 2,000 Australian dollars ($1,349 US) in a service billed as send now, pay later. American Express Co., working with the National Trust for Historic Preservation, will …
• 23 February

  Block Resets to Focus on Slowing Expenses And Speeding Profit Growth

  

  Block Inc. has been a fast-growing payments machine over the years since its founding in 2009, and now the company is looking to slow down somewhat and focus more intently on profit growth, according to top executives. That move could start with personnel. “We plan on slowing our pace of …
• 23 February

  Stripe Launches Tap to Pay for Android Devices in Six Countries

  

  Stripe Inc. late Wednesday announced it is making Tap to Pay functionality for Android phones and tablets available in the United States, the United Kingdom, Canada, New Zealand, Australia, and Singapore. The San Francisco-based processor launched Tap to Pay for iPhone last year. The addition of Tap to Pay for …
• 23 February

  GoDaddy Launches Payable Domains to Add Utility to the 40-Year-Old Domain Name System

  

  Ever since its 2021 acquisition of the payments-technology company Poynt Inc., the big Web registrar GoDaddy Inc. has been pressing steadily into a variety of payments markets. In its latest move, the company said early Thursday it will let businesses accept payments through a registered domain name. The new Payable …
• 23 February

  Nuvei Closes Paya Deal And Other Digital Transactions News briefs from 2/23/23

  

  Payments provider Nuvei Corp. closed on its previously announced $1.3-billion deal to acquire Paya Holdings Inc. Nuvei will release fourth-quarter and full-year 2022 results on March 8. Earlier this week, Paya released figures indicating its 2022 payments volume totaled $49.5 billion, with 2022 revenue of $282.7 million and net income of $8.3 million. Processor Evertec …
• 22 February

  Stripe Launches Its Enhanced Issuer Network to Tackle Fraud And False Positives

  

  Stripe Inc. late Tuesday announced the launch of its Enhanced Issuer Network to help merchants reduce fraud and false positives and increase authorization rates. Card issuers within the network, which include Capital One Financial Corp. and Discover Financial Services, can incorporate Stripe Radar fraud scores into their own authorization tools. …
• 22 February

  U.S. Consumers Now Loom Large for Sweden’s Klarna

  

  The United States has become buy now, pay later provider Klarna AB’s largest market by revenue, the company announced Tuesday. BNPL use blossomed during the pandemic and continues to find favor as inflation concerns push consumers to make value-based spending decisions. With 8 million monthly active users of the Klarna …
• 22 February

  42% of Income Spent on Bills And Other Digital Transactions News briefs from 2/22/23

  

  The average U.S. household spends $29,459 per year on bills, amounting to 42% of income, according to the “2023 U.S. Bill Pay Market Size & Category Breakout Report” from bill-pay processor doxo. Mission Lane, a fintech providing access to credit and debit products to more than 2 million consumers, said it …
• 21 February

  NCR Expands Its ATM Service With Walgreens To Include Almost All Stores

  

  NCR Corp. has expanded its agreement with Walgreens Co. to provide ATM services to nearly all Walgreens stores in the United States, the District of Columbia, and Puerto Rico. NCR already provides ATM services to an unspecified number of Walgreens locations through its Allpoint ATM network. Walgreens operates 9,021 stores …