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- The FIFA World Cup, set for June 11 to July 19, is expected to drive increases in transactions but also in ticketing and payment fraud, warned payments processor Spreedly, citing a 36% rise in fake-ticket fraud in the months leading up to the event, as reported by Lloyds Bank.
- Brightwell has renamed its financial-institution business as PayMitto, a worldwide money-movement and embedded-payment service for banks and credit unions.
- Modern Treasury announced it will support the stablecoin USDC on the Base blockchain. The service complements Modern Treasury’s existing money-movement services for ACH, wire, and real-time payments through FedNow and RTP.
- Airwallex, a global specialist in payment acceptance and billing for businesses, said it has acquired Leapfin, a financial-data automation service with a concentration in revenue recognition and reconciliation. Terms were not disclosed.
- The Clearing House Payments Co. LLC said it will be the operator of a new money movement initiative for digital payments that connect on-chain activity with traditional payment rails. With the backing of 17 banks, the program will enable clearing and settlement of tokenized commercial bank money at scale, TCH said.
- Payments-technology developer AvidXchange has named Wade Fairey chief operating officer. Fairey joins the company from Conduent, where he served as president of government-payment solutions. Before Conduent, he held the role of chief information officer for electronic payments at Fiserv Inc.
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