Thursday , June 20, 2024

PayPal, Venmo Activate Visa+ and other Digital Transactions News briefs from 4/2/24

  • Visa Inc. announced PayPal and Venmo have activated Visa+, its interoperable peer-to-peer payments service that enables users in one P2P service to make a payment to another person using another network. Fintech Current and The Western Union Co. are expected to enable Visa+ next, Visa said. The service’s B2C payout capability has expanded, too, with Astra, Brightwell, Cross River Bank, and Fiserv planning to implement Visa+ API coding on behalf of their digital wallet and merchant clients by the fall.
  • Embedded banking software provider Treasury Prime Inc. said it is working with digital banking provider Narmi to offer its banking customers access to the FedNow real-time payments network.
  • AppTech Payments Corp. announced 2023 revenue of $504,000, up 12% over 2022. AppTech in October acquired Alliance Partners LLC, operator of the FinZeo commerce platform, for an undisclosed sum.
  • Auction software developer Bidpath Inc. has launched AuctionPay, a payments platform developed to handle payments processing and provide fraud detection in auction markets.
  • Viamericas Corp., a Florida-based remittance platform, said it has launched a cross-border bill-pay capability in Guatemala.
  • Prove Identity Inc. said it will work with BetMGM to verify user identities for the sports-betting and iGaming provider.
  • Payments provider Sound Payments released its Sound POS software for the PAX Technology Inc. A77 mobile point-of-sale device.
  • Thirty-four percent of consumers choose buy now, pay later financing to pay over time without interest and 22% choose it because it’s seen as more convenient than other payment options, found a new survey from the Achieve Center for Consumer Insights. In January, 544 U.S. consumers were surveyed by the Achieve Center.
  • Credit union service organization PSCU/Co-op Solutions launched its Fintech Engagement Program, which is meant to foster collaboration between financial solutions providers and fintech companies.
  • Ben Peters has been named chief executive of payments provider ConnexPay, succeeding founder Bob Kaufman, who assumes the role of chairman. Before joining ConnexPay, Peters was chief operating officer at VPay and before that was chief financial officer at ChoicePay.

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