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- The Consumer Financial Protection Bureau said it has settled on a process by which companies can comply with an upcoming personal financial data rights rule related to open banking.
- Cloud-based phone-service provider Ooma Inc. announced an integration with Square, the point-of-sale unit of Block Inc., to incorporate Square transaction data into business communications with customers.
- Payments platform BlueSnap Inc. said it has expanded an integration with e-commerce site BigCommerce, allowing sellers on BigCommerce to offer an expanded array of payment options through BlueSnap’s payments-orchestration technology.
- Health-care payments specialist PatientPay added three community hospitals to its list of clients using its digital-payment and patient financial-engagement services.
- Repay Holdings Corp. updated its integration with CU*Answers, a credit union service organization, to include real-time payment posting and tracking, simplified sign-in, and streamlined loan-payment flows.
- Recurring payments specialist Recurly Inc. announced a partnership with Redfast, a subscriber-personalization and engagement provider.
- The Western Union Co. said it will work with Tenpay Global, the cross-border payments unit of China’s Tencent Financial Technology, to allow users worldwide to send money to persons’ China-based wallets and bank accounts.
- Nium Pte Ltd., a 9-year-old U.S. and Singapore processor of real-time cross-border payments, has agreed to handle international payroll transfers for Remote, a human-resources platform. In related news, Nium said it raised $50 million in a Series E funding round led by an unnamed sovereign wealth fund based in Southeast Asia. The round values Nium at $1.4 billion.
- Just 57% of compromised data is recovered after a ransomware attack, according to survey research from Veeam, a provider of ransomware recovery technology. At the same time, while 81% of victimized organizations elected to pay the ransom after an attack, one-third of that group still were unable to recover their data. The report is based on 1,200 responses in a survey of high-level persons in the IT industry whose companies sustained at least one cyberattack last year. The research was completed early this year.
- Fiserv Inc. released its May Small Business Index, which held steady at 145, based on a 2019 benchmark. Small-business sales increased 4.3% year-over-year in May and foot traffic increased 5.2% in the same period.
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