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- Payments-technology provider Aevi said it is working with contactless-technology firm Bleu to offer tap-to-pay functionality in North America and Europe on both Android and iPhone devices.
- Cross River Bank said it will enable an expanded menu of payment options through open-banking platform Plaid, including instant transfers for payroll and other applications.
- Payments provider Lightspeed Commerce introduced three new features for its processing service, including a time-clock feature at the point of sale, shipment history, and automated ordering.
- Bread Financial has agreed to provide payment services for Dell Technologies, including a private label credit card.
- The parking-app provider ParkMobile will enable payments for 1,300 on- and off-street spaces in Hackensack, N.J., under a new agreement.
- Upgrade Inc., a fintech offering mobile banking and payments services, announced it has acquired Uplift Inc., a buy now, pay later platform for travel expenses. Uplift’s customer base includes 3.3 million consumers and more than 300 airlines, hotel chains, and cruise operators. Terms were not announced.
- Form3, a 7-year-old platform for account-to-account transfers, said it has finished testing and certification for the Federal Reserve’s FedNow real-time payments service, which launched commercially last week.
- Payments provider Nuvei Corp. announced it will process transactions for employee-pay provider CloudPay, including salary payments via Visa Direct.
- Western Union reported revenue for the June quarter of $1.17 billion, up slightly from $1.14 billion in the same period last year. Operating income fell 8% to $242.6 million. Revenue on consumer-to-consumer transactions rose 4% after a 6% drop in the first quarter.
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