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- Payment processor and core banking provider FIS Inc. posted first quarter revenue of $3.51 billion, a 0.6% increase from $3.49 billion in the same quarter in 2022. Its net income of $141 million was 17.5% greater than the $120 million profit a year ago. FIS’s merchant solutions segment had revenue of $1.1 billion, a 1% decrease from $1.11 billion a year ago. FIS is amid divesting its Worldpay merchant services unit. In presentation materials, FIS said it has created a separation management office and created a business separation plan but has yet to proceed to regulatory approvals and commercial agreements management and other steps.
- Credit union service organization PSCU launched an installment payment option for credit unions to offer their members. The buy now, pay later service enables credit unions to customize the criteria for installment plans.
- The Bank of America Small Business Owner Report found that 79% of small businesses raised their prices in the past 12 months and 34% said the national economy will improve in the next 12 months. More than 1,000 U.S. businesses responded to the survey.
- PaperTrl, a cloud-based accounts payable service, said it integrated virtual card payment capabilities from U.S. Bank into its platform.
- TapPay, a Taiwan-based payments provider, enabled Apple Tap to Pay on iPhone in its iOS app for its Taiwanese merchants.
- An 8-year-old fintech called EarnUp Inc. announced it has now helped approximately 3 million users schedule $43 billion worth of mortgage, auto, and student-loan payments through the company’s Payday to Payday technology, which automatically synchronizes loan payments with users’ paydays.
- Cryptocurrency platform Uphold introduced Topper, a service by which users can buy crypto through credit or debit cards and send it through a blockchain to games or other “experiences” operating in the Web3 environment.
- CoinFlip, which operates a network of more than 4,000 cryptocurrency ATMs, launched the Olliv platform, featuring a wallet enabling users to buy, sell, send, receive, and swap digital assets.
- Financial technology provider CSI added IT Governance Services to its roster of services.
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