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- Electronic Verification Systems launched AssureACH, a service to prevent fraud at the point of capture. Among its features are real-time demand deposit account and routing number validation.
- MiCamp Solutions has agreed to serve as an independent sales organization representing Vibe Retail, a developer of point-of-sale technology aimed at independent merchants.
- The Electronic Transactions Association issued a statement late Friday approving of action by the Office of the Comptroller of the Currency to set rules pre-empting the Illinois Fee Prohibition Act. The IFPA would exempt the tax and tip portion of payments from interchange calculation.
- Processor Repay Holdings Corp. released preliminary results indicating it expects $80.5 million to $81 million in revenue for the March quarter, up approximately 4% year-over-year. Earnings before interest, taxes, depreciation, and amortization are expected to fall in a range of $33.8 million to $34.3 million. Repay in March agreed to pay approximately $372 million in cash to acquire Kubra Data Transfer LTD in a deal expected to close during the June quarter.
- Shift4 Payments Inc. said it was named an official partner of the Inter Miami CF soccer team and the official processing partner at Nu Stadium, where the club plays.
- A report from Juniper Research finds that the total annual value of cross-border business-to-business transactions on stablecoins will total $5 trillion by 2035, compared to $13.4 billion expected this year. B2B activity in general will account for 85% of stablecoin transaction value in 2035, the report predicts.
- KuCoin, a cryptocurrency platform, has launched crypto payments in Australia via the global Mastercard network through a link with Immersive, an issuer and principal member of Mastercard. The move opens the ability to make crypto-backed payments in all settings where Mastercard is accepted, including through Apple Pay and Google Pay.
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