Person-to-Person Payments

In a move to bolster its leading position in an increasingly difficult money-transfer market, The Western Union Co. announced Sunday it has a deal to acquire International Money Express Inc. for $500 million in cash. Better known as Intermex, Miami-based International Money Express has built a retail network of 100,000 …

Block Inc.’s Cash App has launched pools, a peer-to-peer payments capability that enables group payments with what Block calls “a few taps.” Routable, a provider of accounts-payable technology, said it will work with Brale, a stablecoin developer, to enable businesses to pay vendors and contractors in stablecoin through Routable’s platform. The blockchain …

Zelle, the peer-to-peer payments service from Early Warning Services LLC, began a multi-city financial education training roadshow with Consumer Action, a consumer protection and financial awareness organization. Payments-technology provider Alacriti said Citizens Business Bank launched real-time payments services based on Alacriti’s Orbipay Payments Hub. The services involve connections to FedNow and the …

Zelle, the 7-year-old peer-to-peer payments service, has added another 178 banks and credit unions to its list of Zelle participants, the service announced Monday. Zelle, launched in 2017 by Early Warning Services LLC, says this bumps to more than 2,300 the number of financial institutions that offer the service. Zelle …

Payments provider PayJunction said it is working with customer-engagement platform Twilio to enable PayJunction merchants to process payments over the phone using AI-supported interactive voice-response technology. Gaming-industry specialist Pavilion Payments announced it will launch “VIP Preferred” funding solutions, including eCheck and deferred settlement, at three Pawnee Nation casinos. Kort Payments said it will work with …

Scams continue to get top billing when it comes to favored fraud attempts, closely followed by account takeovers, finds the NiCE Actimize U.S. version of its Fraud Insights Report. Released Monday, the report found that, of the NiCE Actimize data analyzed, 57% of fraud attempts were scams with account takeovers …

Stablecoins are the talk of the payments town, and some observers are questioning whether these new digital alternatives could undercut the core network businesses of Mastercard and Visa. Now, Mastercard Inc. has announced several initiatives it says will keep it in the thick of the growing stablecoin market. In a …

The commerce platform NuOrder by Lightspeed said it will work with Neiman Marcus and Bergdorf Goodman as part of an expanded agreement with Saks Global. In related news, Lightspeed Commerce Inc. said it will integrate reservations software from Whoosh for golf and club clients using Lightspeed’s payments platform. Shift4 Payments Inc. said it has yet …

Fiserv Inc. and Circle Internet Group Inc. early Monday announced they will collaborate to build products based on stablecoins for banks and merchants in Fiserv’s client base. The announcement came at the same time Fiserv said it plans to launch its own stablecoin, FIUSD, by year’s end. Simultaneously, Fiserv said …

With action Tuesday by the U.S. Senate to pass the GENIUS Act, the move to establish rules that would govern the burgeoning stablecoin industry now transits to the U.S. House of Representatives, where lawmakers have developed their own set of rules, the STABLE Act. Meanwhile, stablecoin-market participants are looking to the …