Digital Transactions Authoritative, insightful and timely information for payments professionals
- Exceleron, a payments service for utility companies, said it is working with payments platform KyckGlobal to allow persons to pay a utility bill with cash at certain ATMs. Dash Solutions acquired KyckGlobal in August.
- Payments and loyalty platform Givex announced an integration with Uber Direct to enable merchants to add on-demand delivery service to channels such as a Web site or app.
- Airwallex, a provider of payments technology, said its use of a generative artificial intelligence tool in its know-your-customer routine has cut false positives by an average of 50% while increasing by 20% the volume of customers approved without human intervention. Absolute figures were not released.
- U.S.-based digital-currency platform Circle Internet Financial said it will work with Nubank, a provider of digital financial services in Brazil, Mexico, and Columbia, to offer access to Circle’s USDC dollar stablecoin among Nubank customers in Brazil.
- Extend, which offers virtual cards for business expenses, said it will support payments through Concur Invoice, a provider of invoicing technology.
- Government-payments specialist PayIt announced the renewal of a contract with the state of Kansas, which has used the service since 2018.
- U.S.-based retail-technology provider Teamwork Commerce announced it has deployed more than 2,000 point-of-sale terminals in 250 stores in Mexico for Innovasport, a sporting-goods merchant.
- Technology firms including payments platform PopID announced they will soon open what they call the world’s first fully autonomous restaurant. The location will allow customers to check in at a kiosk with their PopID account, which can then be used for payment. Food will be prepared robotically.
- Mastercard Inc.’s board of directors approved an $11-billion share repurchase program, set to become effective at the completion of a previous $9-billion repurchase of shares. The card company will also pay a quarterly cash dividend of 66 cents per share on Feb. 9.
- A payments startup called Twill Payments has emerged promising “industry-leading rates, allowing business owners to maximize their profits by putting more money back into their pockets when conducting credit card transactions.”
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