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- Payments provider Sionic said it has agreed to provide its Pay-by-Bank faster-payments service to payments platform iVertical Payments Network to allow consumers to load gift cards directly from their bank accounts.
- A buy now, pay later startup called Tranch said it has raised $100 million in seed equity and debt funding. The round was led by Soma Capital and FoundersX.
- Some 36% of financial-services companies say they will invest “significantly” in embedded finance products within the next 12 months, while just 5% said they do not expect to offer cryptocurrency services within the next three years, according to the 2023 Global Innovation Report from FIS Inc. The report in July and September surveyed 2,000 executives with financial-services companies in nine countries.
- Credit union service organization PSCU said Communication Federal Credit Union selected it to provide credit card processing support and services.
- Research firm J.D. Power has released software for online ordering of vehicles from dealers. So far the technology has been adopted by Princeton Audi, Princeton, N.J., for in-dealership foot traffic.
- Lux Vending LLC, which operates the Bitcoin Depot network of Bitcoin ATMs, announced deals with five convenience-store chains to install its machines. The company added 440 retail locations in the second half of last year, not counting the deals announced Tuesday. All told, the company enables consumers to convert fiat cash into Bitcoin at about 7,000 machines in 48 states and Canada.
- Amit Gupta has joined Cardlytics as chief operating officer. He arrives at the card-rewards platform from Stripe Inc., where he was head of strategy and operations for global partnerships.
- Cryptocurrency platform Circle Internet Financial said Brian Christman has joined the company as its first chief people officer. He most recently filled the same role at Transfix, a supply-chain technology company.
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