Led by digital wallets, instant payments, and QR-code payments, alternative payment methods will account for $142 trillion in volume by the end of 2030, up 170% from now, according to a forecast from ABI Research. Eurostar, the European passenger rail line, has adopted Klarna AB to enable ticket purchases in three equal installments …
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Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing House Payments Company LLC, totaled 20.7 billion in 2024, a 6.2% year-over-year increase, TCH reported late Monday. Dollar volume during the period totaled $56.4 trillion, a 7.6% rise from a year earlier. Dollar volume on …
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Stride Bank N.A. announced it will issue the Affirm Card, a debit card from buy now, pay later platform Affirm Holdings Inc., becoming Affirm’s latest issuing partner. Affirm says it had 1.7 million active cardholders as of Dec. 31, 2024. Payfave Inc., which does business as Wink, announced it has merged …
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Ingo Payments, a provider of account funding, transfer, and payout solutions, has chosen Marqeta Inc. to be the issuer processor for Ingo’s enhanced embedded-banking platform. The deal will help Ingo Payments provide its customers a scalable technology stack to develop financial products and bring them to market quickly, the company …
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Two private-jet operators early Monday announced news about their acceptance of cryptocurrency, raising yet again questions about the usefulness of digital currency both for luxury spending and everyday shopping. Clearwater, Fla.-based Hera Flight said it has started accepting Bitcoin, Ethereum, and other cryptocurrencies for charter flights. Meanwhile, Paramount Business Jets …
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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 …
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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 …
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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 …
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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 …
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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, …
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