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- An agreement between processor Fiserv Inc. and open-banking platform Plaid will allow consumers who use any of Fiserv’s 3,000 client banks to share financial information with third-party apps and services.
- Discover Financial Services’ Discover Global Network launched a cloud-based version of its stored payment tokens service. Tokens are digital replacements for actual card credentials. Early adopters of the new service include Everyware, Fiserv, and Adyen.
- Digital card-issuing platform Marqeta Inc. announced two new clients, warranty provider Extend and Financeit, a provider of point-of-sale financing.
- POSaBIT Systems Corp., a payments provider specializing in cannabis retailers, said it is working with clients to offer alternative payment methods in the face of declining authorization rates for cannabis sales on PIN debit, partly caused, the company says, by “the removal of certain payment rails.”
- Garmin, a maker of smart watches, introduced its Marq Carbon Collection, a set of three watches that, among other features, include Garmin Pay, the company’s contactless-payment service.
- CentralAMS, a payments gateway specializing in the gaming industry, has signed a three-year contract with Idemia Identity and Security, a specialist in identity and biometrics, Idemia announced.
- Arkose Labs, a provider of account-security technology, announced it will cover up $1 million to cover expenses for clients that sustain card-testing attacks. In card testing, fraudsters use bots to test stolen card credentials by making small-value purchases.
- Bloomerang, a donation platform for nonprofits, launched a tap-to-pay capability to enable card acceptance on ordinary mobile devices incorporating the Bloomerang mobile app.
- Kuto, a local payment service in Oregon, has shut down, leaving users unable to access their accounts. The company says its processor, Stripe, cut off the service after state authorities informed Kuto it needed a money-transmitter license.
- The U.S. Faster Payments Council has published “Guideline.01: Operational Considerations for Instant Payments Receive-Side Primer.”
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