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- Square, the point-of-sale and e-commerce unit of Block Inc., said Tap to Pay on iPhone is now commercially available to its merchants following a June release to select sellers. Available within the Square Point of Sale iOS app, Tap to Pay on iPhone enables merchants to accept contactless payments directly on their iPhones without a dongle. Square debuted in 2009 as a card reader that plugged into the iPhone’s headphone jack. Later, Bluetooth versions enabled a wireless connection.
- GreenDropShip, a grocery and home-goods e-commerce site set to launch later this fall, said it will use Stripe Inc. to accept payments.
- Strike, a payments network built on the Bitcoin Lightning Network, said it has raised $80 million in a funding round led by Ten31.
- Despite a global chip shortage, payment-card manufacturers will ship 3.029 billion cards this year, down only slightly from 3.11 billion in 2021, according to ABI Research.
- Tassat Group Inc. announced Byline Bank in Chicago has signed up for TassatPay, a blockchain-based payments network designed for banks.
- Some 57% of U.S. citizens say inflation is making it harder to make medical payments, according to a poll from Debt.com, a Web site that counsels consumers on credit card and other debt.
- Car IQ Inc., a payment-network provider for in-car transactions, announced it has joined Visa Inc.’s Fintech Fast Track program, a move that is expected to accelerate the company’s integration with the Visa network.
- Nacha, the automated clearing house rules maker, the U.S. Faster Payments Council, and Center for Payments, a joint program of 10 payments associations, said they are creating the Accredited Faster Payments Professional certification program.
- Subscription billing provider Recurly Inc. announced its intent to acquire LeapRev, a revenue recognition and forecasting provider. Terms were not disclosed.
- Payments provider PayU said a survey of 1,092 U.S. adults found that 33% of them would shop elsewhere if their preferred payment method was not available on the Web site of a retailer based abroad.
- Meta Pay, the new brand for Facebook Pay, is expanding to nearly 200 countries, Meta said.
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