Plaid announced support for crypto exchanges and investment platforms. Users will be able to link crypto account information with platforms used for financial planning, tax advisory and other services. The company currently connects to Binance.US, Gemini, Robinhood and SoFi. Connections to additional platforms, including Blockchain.com and BitGo, are planned for later this year.
Spectra Technologies, a Hong Kong-based payment terminal manufacturer, has launched a low-cost Android-based model called the Tap-POS. The device, which uses phone-type hardware, is primarily intended for contactless payments. It ships without magstripe or contactless chip readers.
Consumer, small business and commercial credit, debit and prepaid cards tied to the 50 largest issuers in Europe are ranked on pages 6 and 7. Those cards include Visa, Mastercard, American Express, Maestro, Diners Club, UnionPay and general purpose domestic-market-only brands.
Blockchain analytics and cryptocurrency intelligence is the expertise of CipherTrace, which was acquired by Mastercard last year. CipherTrace had more than 50 customers worldwide among financial institutions, digital asset exchanges and governments when Mastercard bought the company.
Crypto.com, a digital currency exchange, will accept cryptocurrency purchases using Apple Pay from within the company’s app.
The sixth largest manufacturer of POS terminals worldwide has introduced a handheld SmartPOS device intended for retail and hospitality merchants. The Newland N950 uses a 6-inch TFT touchscreen for data entry and runs on Android 10. Its readers accept contact and contactless chip as well as magstripe cards.
Brazil-based Payface piloted its biometric payment engine in 2019 with restaurant Biezza in a closed-loop system and launched it for open network payments last year with that country’s top merchant acquirer Cielo. Mastercard has selected Payface as a vendor in its global Biometric Checkout Program.
Credit, debit and prepaid cards issued in Europe with Visa, Mastercard, American Express and Diners Club brands generated $4.217 trillion in purchase volume for goods and services in 2021. On a local currency basis, this was an increase of 22.1% over 2020.
Should it come to fruition, the metaverse (an immersive online virtual world), which operates in Web 3.0, will need a way for people to make card, account-to-account and cryptocurrency payments to businesses. Worldline, the fourth largest merchant acquirer in Europe, has created a virtual showroom inside Decentraland, one of the virtual worlds currently comprising the metaverse, to explore what real-world payment services for virtual consumers (avatars) could look like.
American users of the Apple Pay wallet will be offered a buy now, pay later (BNPL) option from Apple for purchases made in-store and online of less than $1,000 at any merchant. Users can divide the purchase amount into four equal payments, which must be tied to a debit card.
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