Tuesday , March 28, 2023

Nium’s New Crypto Service and other Digital Transactions News briefs from 10/25/21

  • Nium Pte. Ltd., a fintech specializing in payments and card issuance for businesses, launched what it calls crypto-as-a-service technology and extended its banking-as-a-service platform to the U.S. market. The former technology supports banks that want to add services supporting cryptocurrency investment.
  • In related news, ACI Worldwide Inc. announced its ACI Secure Commerce unit will offer a single integration to processor RocketFuel Blockchain Inc. to allow merchants globally to accept cryptocurrency.
  • Addressing rumors that it might buy the Pinterest social network, PayPal Holdings Inc. issued a statement saying it was not interested in acquiring the art-sharing network “at this time,” MarketWatch reported.
  • MainStreet Bancshares Inc. launched Avenu, a technology platform aimed at fintech clients, most particularly developers of mobile apps, to support banking and payment functions.
  • Instant-payout specialist Payfare said it is working with cross-border remittance-processor Wise (formerly TransferWise) to offer money-transfer services in the the Payfare digital-banking app next year.
  • Citigroup Inc. said its Treasury and Trade Solutions unit is now offering real-time consumer bill payment via The Clearing House Payments Co.’s Real-Time Payments (RTP) network.
  • U.S.-based payments provider BlueSnap Inc. said it has received licensing and bank approval to launch local acquiring services in Israel.

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