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- Nacha, the governing body for the automated clearing house network, reported the system processed 212 million same-day payments worth $608 billion in the September quarter, up 20% and 27.1%, respectively, over the same period last year. Total volume for all ACH payment types for the quarter came to 7.8 billion, up 3% year-over-year, good for $19.7 trillion in total value.
- The payments platform Wirex launched its Dual-Mode Card, which offers users a debit mode and a credit mode. The former lets them spend using either fiat or stablecoins. The latter allows users to tap crypto holdings for spending.
- Boost Payment Solutions launched Boost 100, a service that lets business buyers pay by card “100% of the time,” including cases where suppliers request payment by other means.
- Payments provider Agile Financial Systems will work with fintech jaris to offer instant payouts and commercial lending to merchants.
- Some 78% of 400 U.S. small businesses polled in September indicated support for a bill in Congress to control credit card acceptance costs by requiring the 100 largest issuers to enable at least two unaffiliated networks for transaction routing. Some 11% were opposed, with 12% unsure. The poll was conducted by the Job Creators Network Foundation.
- E-commerce technology provider Rokt said it will work with Klarna AB to show offers on Klarna’s shopping app said to be relevant to shoppers.
- Mastercard Inc. announced it will collaborate with processor Worldpay and buy now, pay later specialist Zip, along with other payments players, to introduce new open-banking technologies for account-based payments and other initiatives.
- Payments provider Nuvei Corp. is working with school-fee platform Esenda to introduce an online service for tuition payments at schools. The service is live with a school in Dubai, the partners said, allowing the school to collect card and other payments from major issuers in the region.
- Tipico, an operator of sports betting and iGaming, has selected payments platform PayNearMe’s MoneyLine service to combine various deposit and withdrawal services onto one platform, PayNearMe announced.
- U.S. card-issuing platform Marqeta Inc. has partnered with Italy-based buy now, pay later provider Scalapay to issue across Europe virtual cards for online and in-store transactions under a five-year contract.
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