Transaction Processing

QorPay Inc. reported Thursday that it has integrated its payment technology with Visa Inc.’s Cybersource unit to provide new merchant-acquiring and security services to its business customers. Founded in 2019, Scottsdale, Ariz.-based QorPay is a payment facilitator and independent sales organization that works with several banks and a software company …

Lighthouse Credit Union said it will work with payments-technology provider Alacriti Inc. to update the credit union’s payment operations. Point-of-sale equipment maker MagTek Inc. announced an integration with KwickPOS, a restaurant management POS system provider. A survey by Bitget Global Inc. of 4,599 cryptocurrency users shows 46% prefer crypto payments because of speed, but 37% point …

With an eye on small merchants, payment processor NMI on Thursday announced a tap-to-pay feature driven by Mastercard Inc.’s Cloud Commerce app for Android smart phones or tablets. The service will enable Android-using small and mid-size businesses to accept electronic payments without adding new hardware, Schaumburg, Ill.-based NMI says. NMI-connected …

The payments platform Wirex Ltd. has launched Wirex Travel, a travel-booking utility offering discounts and cashback to users paying with a Wirex card. Nayax Ltd. has agreed to embed its payments technology within products from N-and Group, starting with the latter’s automated self-service commerce machines. Payments provider Priority Technology Holdings Inc. has launched Ambient, a …

Trumpeting its financing services for small and mid-size businesses, payments giant PayPal Holdings Inc. disclosed Wednesday that it has passed $30 billion in global loan originations. It has extended more than 1.4 million loans and cash advances to more than 420,000 business accounts worldwide since 2013, the company said. PayPal, …

Payments provider NMI is counting on the addition of an artificial intelligence tool from Arcum to mitigate merchant retention. Announced Tuesday, the partnership integrates Arcum’s AI services with NMI’s Merchant Relationship Management platform, formerly known as IRIS CRM, to enable Schaumburg, Ill.-based NMI to get advance notice of possible attrition …

President Trump issued an executive order requiring a move to electronic processing for all federal payments and receipts “by digitizing payments to the extent permissible under applicable law.” The order specifically rules out the creation of a central bank digital currency. The Financial Crimes Enforcement Network issued an interim rule that removes the requirement …

The big payments provider J.P. Morgan Payments expanded its reach into different sectors this week through deals with leading retailer Walmart Inc.’s Walmart Marketplace and buy now, pay later specialist Affirm Inc. At the Shoptalk conference in Las Vegas, the payments unit of J.P. Morgan Chase & Co., the biggest …

Two U.S. banks, Custodia Bank and Vantage Bank, executed what they say is the country’s first tokenization via blockchain of U.S. dollar demand deposits held at a bank, with the resulting transfer and redemption of stablecoins for a customer. The banks say the test carried low transaction costs and fast settlement. …

In what could be an ill omen for other payments processors that softer transaction growth lies ahead, Lightspeed Commerce Inc., provider of an e-commerce platform and payment services for small and mid-sized businesses, on Monday revised its outlook for fiscal 2025 to include year-over-year revenue growth of approximately 18%, down …