Transaction Processing

Mastercard Inc. is looking to sell a majority interest in its United Kingdom-based Vocalink payments-processing business, according to press reports that emerged early Monday. DeliveryCo, a technology company backed by U.K. banks and payments platforms, is reportedly a potential buyer. A 51% stake in 19-year-old Vocalink could fetch nearly $535 …

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 …

A blockchain ledger developed by the financial-messaging platform Swift debuted with an announcement early Thursday by the Brussels-based network. Declaring the system “ready for initial use,” Swift said the technology will enable cross-border payments at all times of day or night using tokenized deposits, or digital equivalents of fiat currency. …

Organic Payment Gateways unveiled a dedicated payment-processing platform aimed at serving legal, U.S.-based ketamine clinics. There are an estimated 1,500 to 2,500 ketamine clinics in the U.S. Automobile brand Mazda said it is making the payments and operations platform UpdatePromise available to its dealers. Most recently, UpdatePromise in February began supporting PayPal and Venmo. Visa …

As small businesses increasingly look for faster payment capabilities, banks are starting to see a potentially profitable market. The latest offering emerged early Wednesday with U.S. Bank’s unveiling of Enhanced Payments, a bundled offering accessible online and through the bank’s mobile app. The new platform, open to entities with a …

The economics of proprietary debit networks appears to be asserting itself as a consortium of big banks is reportedly looking to acquire a debit card system from Fiserv Inc. The banking group, which includes JPMorgan Chase, Bank of America, Wells Fargo, and PNC Financial Services Group, has had “tentative discussions” …

The buy now, pay later specialist Klarna AB said early Monday it has submitted applications with U.S. regulators to start an industrial bank called Klarna Bank USA. The company’s applications, filed with the Federal Deposit Insurance Corp. as well as the Utah Department of Financial Institutions, follow its move toward banking in …

Three years since FedNow’s launch, the real-time payment network from the Federal Reserve says the number of banks and credit unions enrolled in it now tops 1,800. That’s 200 more than in January, when it counted more than 1,600 participating financial institutions. That tally includes seven of the 10 largest …