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- Point-of-sale system maker Lightspeed Commerce Inc. said it will reorganize as it contends with a shifting economy. Among its actions are the elimination of 300 jobs, accounting for approximately 10% of its overall employees.
- The Consumer Financial Protection Bureau is considering regulations governing the fees providers charge for cross-border money wires, according to The Wall Street Journal.
- Point-of-sale device maker Ingenico and technology company Fujitsu Frontech North America have introduced a payment-authentication tool based on palm-vein identification. Fujitsu is working through its Fulcrum Biometrics Inc. unit.
- IPC Mobile has launched QuantumPay, a platform intended to help businesses accept mobile payments. The company until recently was known as Infinite Peripherals.
- Payments startup Lynk said it has added a pay-by-bank feature to allow users to pay businesses directly from their bank accounts.
- Nuvei Corp. said digital commerce platform VTEX will use its payments services as VTEX expands farther into Latin America and new markets in Asia Pacific, North America, and Europe.
- Intuit Inc. expanded its Intuit QuickBooks Business Network to small and mid-size U.S. businesses. The network provides a business-to-business payment connection.
- The global payments-acceptance fintech Airwallex announced a partnership with American Express Co. to allow Airwallex merchants to accept AmEx cards in Australia, Hong Kong, Singapore, and the United Kingdom.
- Mastercard Inc. has agreed to offer digital technology for transit ticketing and payment through a partnership with Ubirider, a Portugal-based provider of mobility technology.
- Cryptocurrency platform Circle Internet Financial said it is celebrating its 10th anniversary in business with a report on the state of stablecoins, “State of the USDC Economy.”
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