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- Mastercard Inc. and Citi announced they are working on a service to offer cross-border payments to Mastercard debit cards in 14 markets, including the United States. Cardholders in these markets will be able to receive payments from Citi clients in near-instant transaction times. Citi is using Mastercard Move, the card brand’s money movement platform, to enable the service, which is available to its clients in 65 originating markets.
- Payments provider Lightspeed Commerce Inc. said it has added enhancements to its integration with 7shifts, a management and payroll application used by restaurants. With the move, restaurateurs will be able to move sales, labor, and employee data into 7shifts from Lightspeed.
- FreedomPay said its commerce platform will incorporate technology from the payments provider Stripe for online and in-person transactions.
- Finzly, a payments-technology provider serving financial institutions, said its services are prepared to support the new ISO 20022 messaging standard for transactions. The Federal Reserve’s Fedwire system is expected to convert to the new standard in March, with the international Swift system planning to adopt it by November 2025.
- LLR Partners has made a growth investment in TurboTenant, a provider of landlord technology for rent payments and other functions. The amount of the investment was not specified. More than 700,000 U.S. landlords use the platform, according to TurboTenant.
- Point-of-sale terminal market Dejavoo said it is working with Spare, a scalable ATM network provider, to offer a virtual ATM service in disaster stricken areas to make cash access easier.
- London-based payments provider Thredd announced 20% organic growth in transaction volume year over year in its September quarter, along with new clients in the U.S. and Asia-Pacific region.
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