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- Some 90% of businesses are “concerned” about whether they will be able to meet a March 2025 deadline for compliance with PCI DSS 4.0, a newly updated payments-security standard, according to a survey from payments-security firm Bluefin and S&P Global Market Intelligence. The survey was conducted during the second quarter and included 250 North American executives across multiple business verticals.
- Hospitality-payments provider Toast Inc. launched its Toast for Cafes and Bakeries platform, which the company says builds on recent launches from Toast that introduce functionality tailored for specific restaurant categories.
- Visa Inc. has invested in Form3, a London-based account-to-account payment platform. Terms were not announced.
- TurboTenant announced a mobile-app version of its rental-property management software, which includes collection of rent payments.
- Mastercard Inc. said it is working with U.K.-based payments fintech Paysend to add enhancements such as real-time transfers via links to instant-payment networks.
- Microsoft Corp.’s video game-console maker Xbox on Sept. 21 will issue its first U.S. cobranded credit card through an arrangement with Barclays’ U.S. Consumer Bank and Mastercard. The no-annual-fee card will first be available to “Xbox Insiders,” with general availability following next year.
- Business-payments provider Corpay launched Payments GPS, a utility allowing clients to track cross-border payments in real time. Corpay is a unit of FleetCor.
- Blockchain platform Ripple announced it has agreed to acquire Fortress Trust, a unit of Fortress Blockchain Technologies. Terms were not announced. With the deal, Ripple will add to its roster of regulatory licenses with Fortress Trust’s Nevada Trust license.
- Point-of-sale technology provider MagTek Inc. announced its DynaFlex II PED device has earned PCI PTS PED certification as a PIN-entry device. PCI certification refers to security standards applicable to payments-acceptance hardware and software.
- Digital-payments platform CSG Forte announced CSG Forte Engage, a service allowing businesses to create statements and send them to customers for payment through SMS, email, voice response, or contact center.
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