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- Fintech iWallet, whose technology lets repair personnel and other field-service providers process checks on a smart phone, said it is seeing growth among small businesses such as those in the plumbing, appliance-repair, electrical, and HVAC fields.
- Financial-technology provider Ascend will provide its billing-technology platform to process transactions for NFP, a property and casualty broker.
- Global Airlines, which launched this year, announced it is accepting American Express for payments and for “exclusive benefits” for cardholders.
- Banking-as-a-platform services revenue will balloon to $49 billion worldwide in 2028 from $4 billion this year, according to a Juniper Research report. BaaP enables technology companies to build services for bank customers while banks manage functions such as data exchange, compliance, and authentication.
- Digital-banking platform Revolut will stop supporting purchases of cryptocurrency in the U.S. market effective Sept. 2 owing to what the company sees as an adverse regulatory environment, according to reports.
- Fraud-detection technology provider BioCatch launched a new generation of BioCatch Connect services to combat what its data indicate is a 30% rise last year in push-payment and remote-access scams.
- Digital-wallet platform Rego Payment Architectures Inc. appointed former InComm Payments executive Scott Meyerhoff to its board of directors.
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