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- The PCI Security Standards Council published version 4 of the PCI Data Security Standard. Features of the new standard include, among other changes, updated firewall terminology and a requirement to implement multi-factor authentication for access to the cardholder data environment.
- Processor Adyen said it is expanding beyond payments to offer embedded financial products, including Adyen for Platforms. Adyen intends to add an issuing feature and multicurrency accounts.
- Cross-border payments specialist Thunes said it will offer buy now, pay later capability to its gateway, merchant, and marketplace clients via Afterpay Ltd., known as Clearpay in the United Kingdom and Europe. Afterpay is part of Block Inc. after a transaction that closed in January.
- E-commerce services provider Wix.com Ltd. will offer delivery services for its Wix Restaurants program via a partnership with DoorDash Drive, the online delivery service’s white-label fulfillment service.
- The Digital Dollar Project, established to study the potential for a U.S. digital currency, added six partners to its membership, including Visa Inc., The Western Union Co., Knox Networks, Feed the Children, Elijah’s Heart, and The Global Blockchain Business Council. These entities add to the more than 40 organizations that have joined the organization.
- CRB Group, the parent company of payments-technology provider Cross River Bank, announced a $620-million funding round led by Eldridge and Andreessen Horowitz.
- Payments provider Nuvei Corp. said it will support users seeking to fund their accounts with cryptocurrency exchange XT.COM.
- The U.S. Payments Forum reported presenters at its recently concluded Spring meeting said contactless payments have grown “phenomenally” since the onset of the pandemic, but added they have not witnessed a “commensurate uptick” in activity on mobile wallets.
- The ATM Industry Association has begun its search for a new chief executive. Current chief executive Mike Lee, who has held the position for 21 years, is retiring at the end of June.
- Payments provider Quisitive Technology Solutions Inc. received a certification from Mastercard to process credit and debit transactions on its LedgerPay platform.
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