News

August, 2026

• 19 August

  PayPal Makes More Inroads in Higher Education Payments

  

  PayPal Holdings Inc. is banking that it will have a seat on more college campuses with its integration with Illumia, Nelnet Campus Commerce, and TouchNet, payments providers to higher education institutions. TouchNet is owned by Global Payments Inc. PayPal says its PayPal and Venmo wallets can now be used for …
• 19 August

  Kraken Debuts in the U.S. a Debit Card Backed by 600-Plus Fiat And Digital Assets

  

  The digital-asset trading platform Kraken announced the U.S. launch of its Krak Card, a debit card that allows users to conduct transactions in cash and digital currencies. Issued by Kansas City, Mo.-based Lead Bank, the card can be used at Visa-accepting merchants and offers up to 2% cash back. Stripe Issuing …
• 19 August

  Jack Henry’s Profit up 10% and other Digital Transactions News briefs from 8/19/26

  

  Banking services and processor Jack Henry & Associates Inc. reported $2.54 billion in revenue for fiscal 2026, which ended June 30, up 6.7% from $2.38 billion in 2025. Net income for the year of $502.8 million increased 10.3% from $455.7 million the year prior. In the fourth quarter, Jack Henry had $644 …
• 18 August

  Card-on-File Is the Top Use of Debit Cards, SoFi Report Says

  

  Using a debit card as a card-on-file payment accounted for 25% of debit transactions made in the second quarter, says the SoFi Tech Solutions Debit Spend Index. That’s up from 24% in the first quarter, and marks the payment method’s rise past card-not-present debit transactions as the most popular. SoFi …
• 18 August

  COMMENTARY: Stablecoin Adoption Doesn’t Have To Be a Deposit Retention Problem

  

  When people discuss mainstream stablecoin adoption, the conversation usually focuses on payments: Will consumers pay with stablecoins? Will merchants accept them? Will blockchain replace card networks? The bigger challenge is not payments—it is deposits. The real battle is where money lives, not how it moves. Banks have spent decades building …
• 18 August

  Francisco Partners Acquires Weave and other Digital Transactions News briefs from 8/18/26

  

  Francisco Partners has agreed to acquire Weave Communications Inc. in a deal valued at $650 million, representing a 34% premium to Weave’s share price. Weave is an 18-year-old payments-software developer specializing in health care. The news follows by a week Francisco Partners’ deal to acquire Canadian payments platform Moneris Solutions Corp. in a $1.43 …
• 17 August

  CardFlight Adds ACH Acceptance to its SwipeSimple POS App

  

  Automated clearing house payment acceptance is now available in the SwipeSimple point-of-sale app from CardFlight Inc., adding invoice and payment links to the mix. New York City-based CardFlight says ACH acceptance is immediately available to merchants processing with Nuvei Corp., which is providing the technology for it. Launched in 2014, …
• 17 August

  An eTip Integration With Toast Digitizes Gratuities for Restaurant Servers

  

  The gratuity platform for restaurants, eTip Inc., said it has integrated with the Toast Partner Ecosystem, allowing restaurants using Toast’s POS system to automate tip calculations and send tip sums directly to workers’ bank accounts. With the integration, eTip says it has widened its presence in the restaurant business with …
• 17 August

  Fiserv, Thunes Pair on Payouts and other Digital Transactions News briefs from 8/17/26

  

  Clients of Fiserv Inc. will reach 12 billion bank accounts and mobile wallets for payouts in more than 140 countries through a collaboration between the processor and cross-border payments platform Thunes, the parties announced. Xsolla, which supports payments for videogame players, said it has added more than 15 local payment methods worldwide …
• 14 August

  Eye on Cards: Citi’s Kard Acquisition; Grandstand’s High-Roller Debit Card; Lithic’s Tie With Monavate

  

  Citigroup Inc.’s U.S. consumer-cards business says it will acquire card-marketing specialist Kard Financial Inc., while card issuer processor platform Lithic pairs with Monavate and online-gaming specialist Grandstand Ltd. issues a high-limit debit card. Citi, which has not disclosed terms of its deal, says New York City-based Kard provides personalized rewards …