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- Chargeback Gurus introduced its VAMP Risk Calculator, aimed at assisting merchants in calculating their financial liability under the Visa Acquiring Monitoring Program, which will be enforced as of Oct. 1.
- PayPal Holdings Inc. has agreed to sell, over a two-year period, approximately $7 billion in buy now, pay later receivables originated in the U.S. market to funds managed by Blue Owl Capital. PayPal remains responsible for all customer-facing activities.
- RevSpring Inc., a payments platform for health care, has agreed to acquire Kyrus Health, a provider of scheduling and data technology, in a transaction expected to close in the fourth quarter. Terms were not announced.
- The processor FIS Inc. said it has closed on its acquisition of Amount Inc., whose technology is aimed at helping banks develop deposits and card portfolios. Terms were not announced.
- The payments platform Wex Inc. expanded its position in electric-vehicle charging through announced partnerships with Lynkwell, Revel, and Ampcontrol. Lynkwell and Revel are charge point operators. Ampcontrol provides software for energy management.
- Nametag Inc., a firm specializing in worker identification, launched Nametag Signa, a service aimed at establishing that AI agents are performing actions authorized by a verified human operator.
- Synchrony Financial announced it has launched a credit card for Sun Country Airlines. The card carries rewards for users on day-to-day purchases as well as on flights.
- Pathward N.A., a bank, said it will work with the Financial Services Innovation Lab at Georgia Tech in a three-year program aimed at widening financial access for consumers and businesses.
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