Real-time Payments

March, 2025

• 5 March

  The CFPB Drops Its Zelle Lawsuit As the Senate Looks to Curb the Bureau’s Power

  

  The Consumer Financial Protection Bureau late Tuesday dropped its lawsuit against Early Warning Services LLC, operator of the Zelle person-to-person payments network. The suit had also named Bank of America, JPMorgan Chase, and Wells Fargo as defendants. The financial institutions are three of the seven bank owners of Early Warning. …
• 5 March

  FedNow Limit Bumped to $1 Million and other Digital Transactions News briefs from 3/5/25

  

  The Federal Reserve announced its FedNow real-time payments network this summer will raise its transaction limit to $1 million from $500,000. FedNow was launched in 2023. Kasheesh Inc. launched a loyalty program called Kasheesh Rewards, aimed at letting users earn rewards based on spending. Kasheesh’s platform allows users to split transactions across credit, debit, and …

February, 2025

• 28 February

  Flexa Introduces Tap to Pay For Crypto; Wirex Pay Launches in the U.S.; Bybit Runs a Netflix Tie-in

  

  Flexa Inc., a digital-payments provider, has introduced tap-to-pay for cryptocurrency transactions. The contactless-payment method enhances digital-asset usability by enabling blockchain payments via NFC-enabled hardware wallets without a mobile phone or internet connection, the company says. Hardware wallets, known also as burner wallets, are physical devices that store private keys for …
• 27 February

  Marqeta’s TransactPay Deal and other Digital Transactions News briefs from 2/27/25

  

  Marqeta Inc. said it will acquire TransactPay, a processor operating in the United Kingdom and Europe. In related news, Marqeta said its board has appointed chief financial officer Mike Milotech as interim chief executive. He will continue in the CFO role. He succeeds Simon Khalaf, who has resigned as CEO and as a …
• 26 February

  Sightline’s Recap Move and other Digital Transactions News briefs from 2/26/25

  

  Sightline Payments, a specialist in payments for the gaming industry, announced it has completed a recapitalization, with participation from “most” existing major investors. The 15-year-old company estimates the U.S. digital gaming industry at $30 billion in annual revenue. Generation Z is overwhelmingly adopting digital-payment methods, with 92% using peer-to-peer payment …
• 24 February

  Coinbase Appears to Be off the Hook As the SEC Pulls Its Case

  

  A top executive at Coinbase Global Inc. said Friday the Securities and Exchange Commission has withdrawn an enforcement action against the cryptocurrency platform, a move the executive lauded as a “victory not just for Coinbase, but for our customers, the United States, and individual freedom.” “We’ve always maintained that we …
• 18 February

  CellPoint’s New Platform and other Digital Transactions News briefs from 2/18/25

  

  CellPoint Digital Holdings Ltd. introduced a new payment-orchestration platform aimed at simplifying travel payments and related orders and offers. Merchant data provider Spade Data Inc. said it will work with Bilt Rewards, a loyalty provider for home and rent payments, to provide more merchant details to Bilt users. PSQ Holdings Inc. said it has …
• 17 February

  InComm’s Red Cross Donation and other Digital Transactions News briefs from 2/17/25

  

  InComm Payments, which has launched the Mastercard Give Hope gift card, has agreed to donate to the American Red Cross $2 from the purchase price of each card sold on mastercardgiftcard.com. Cubic Transportation Systems Inc., a developer of payments technologies for mass-transit systems, announced it is opening an innovation center …
• 14 February

  EasyPark Acquires Rival Parkopedia and other Digital Transactions News briefs from 2/14/25

  

  EasyPark Group, a provider of technology that allows drivers to find and pay for parking, said it has acquired rival parking app developer Parkopedia. Terms were not announced. The health-care fintech Veuu Inc. announced it will work with Wipro Ltd., a consulting company, to develop an instant-payment service for transactions between payers …
• 12 February

  Peer-to-Peer Platform Zelle Handled a Record $1 Trillion in Volume In 2024

  

  Zelle, the peer-to-peer payments service from Early Warning Services LLC, announced early Wednesday that dollar volume sent over the network last year totaled a record $1 trillion, up 27% from 2023. Transactions for the year totaled 3.6 billion, a 25% year-over-year increase, while the number of consumer and business accounts …