Payment processor Jack Henry will partner with Nydig, an institutional digital asset firm, to provide crypto transactions on its Banno Digital Platform. Jack Henry services 7.1 million consumers through local and regional financial institutions.
Fintech Pismo, which opened for business in 2016, handles 4.00 billion API calls monthly from its public cloud microservices platform, which supports payments, banking and financial markets. Customers include Banco Itau, Brazil’s largest bank, which has started to use Pismo for card account processing.
Before commerce was transacted on the internet, Inetco was a software company providing real-time packet switching to telecom industry clients worldwide. Since 2019, Inetco has used its real-time processing and analytics skills to detect and block payment card fraud.
The fifth largest manufacturer of POS terminals worldwide has released a POS tablet called the M8 that operates on Android 11 and can run payment acceptance applications simultaneously with apps for inventory management, food and beverage ordering and loyalty/rewards programs.
Wirex, a digital currency payment platform, launched a Visa prepaid card issued by Sutton Bank in the U.S. that will facilitate conversion of 37 cryptocurrencies from Wirex wallets at the point of sale with zero exchange fees.
Only four countries in the world have higher unbanked populations than Mexico. The country ranks eighth highest in the world when measuring what is called the “informal” economy—the percentage of a population that have jobs but do not pay federal or state taxes.
Binance, a digital currency exchange, has partnered with Contis, a payment processor, to offer Ukrainian refugees a Visa-brand debit card loaded with $75 of the stablecoin Binance USD per month, for three months. The stablecoin is tied to the U.S. dollar.
With the IBM z16 platform upgrade launched this month, IBM mainframe computers, which are used by 45 of the 50 largest financial institutions worldwide for real-time transaction processing, are now integrated with Telum chips embedded with artificial intelligence (AI).
Over the past 15 months, there have been 67 deals involving companies offering buy now, pay later services. Of those transactions, 14 were either mergers or acquisitions.
Visa, Mastercard, American Express and Diners Club credit, debit and prepaid cards issued in Latin America and the Caribbean (LA&C) generated $917.04 billion in purchase volume for goods and services in 2021, up 39.6% over 2020.
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