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- Klarna AB said more than 1 million consumers have signed up for its Klarna Card since the product debuted in the U.S. market July 4. The daily signup rate for the debit card reached 50,000 on Tuesday. The news follows the company’s announcement last month that it has become an in-store payment method in 400 Walmart stores in Canada.
- Block Inc.’s point-of-sale unit, Square, said it has signed 137-year-old Katz’s Delicatessen in New York City’s Lower East Side to support payments and business operations. Katz’s has two locations in the city.
- Venmo, the peer-to-peer payments unit of PayPal Holdings Inc., said it has signed Drew Allar, quarterback at Penn State, to promote a new Penn State Venmo Debit Mastercard. PayPal has stepped in to process payments following a court ruling this summer permitting colleges to pay student athletes.
- The international money-transfer network Swift and its participating banks announced new rules, including full predictability for price and speed on retail transactions.
- The bill-payment processor doxo Inc. introduced its Unified Bill Pay Calendar to help consumers keep track of due dates and late fees. The feature is free with the doxoBILLS user account.
- Checkout and identity provider Bolt Financial Inc. has launched its SuperApp, which it says gives users the capability to trade cryptocurrency, make peer-to-peer transfers, and manage transactions in both fiat and crypto money.
- Visa Inc. and its payments-technology unit Pismo are working with BUUT, a bank created by the banking company ABN AMRO, to support a debit card from BUUT aimed at Gen Z users.
- Flywire Corp. will be the exclusive payments platform for Quasar Expeditions, a tour operator for ocean travel, under a new agreement.
- Payments-technology provider PCI Pal PLC appointed Royston Ballard chief information security officer, replacing Geoff Forsyth, who is retiring.
- Lightspeed Commerce Inc. appointed Sameer Samat and Odilon Almeida to its board of directors, effective Oct. 1. Samat is president of the Android ecosystem at Google Inc. Almeida is managing principal at AJ Holdings and operating partner at Advent International. Formerly, he was chief executive of ACI Worldwide.
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