Mastercard Begins Domestic China Processing and other Digital Transactions News briefs from 5/10/24

Mastercard Inc. has started processing card payments domestically in China, working with its partner NetsUnion Clearing Corp. (NUCC), China’s nationwide processing platform.
Gift card and loyalty provider Factor4 completed an integration with commerce services provider Shopify Inc. that enables Shopify customers to sell and accept physical and digital gift cards in store and online via Factor4’s platform.
Fintech Fractal launched touting lower processing fees for merchants. A card-not-present transaction, as listed on its Web site, is priced at 3% plus 10 cents and an automated clearing house transaction is priced at 0.3% of the value of the transaction.
NCR Atleos said Palmetto Citizens Federal Credit Union joined its Allpoint ATM network of more than 55,000 ATMs.
Payments and software provider i3 Verticals Inc. reported $95.5 million for its second quarter ending March 31, up 1.7% from $93.9 million in the same quarter a year ago. It posted a $3.3 million profit, outdoing its $755,000 loss a year prior.

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