Cedar Money’s technology connects blockchains with banking rails. Financial institutions dealing with a blockchain get the same KYC (know your customer) and AML (anti-money laundering) regulatory compliance safeguards they have when operating within correspondent banking channels.
Mpact’s SaaS platform analyzes the deposits of a client’s accountholder data to identify business customers using services from an outside company.
The dongle required in Idemia’s latest at-home enrollment kit is like those used by micromerchants to accept a card payment.
Marketing to merchants began in the second quarter of 2024.
Purchase volume on Visa and Mastercard credit, debit and prepaid commercial and consumer card products issued in the US grew 6.3% in 2024, reaching $9.367 trillion. Visa card products combined had purchase volume of $6.583 trillion, up 5.9%. Mastercard card products combined had purchase volume of $2.784 trillion, up 7.4%. The purchase volume market share […]
More than 60,000 US merchant locations can accept 100+ cryptocurrencies and stablecoins for in-store payments by leveraging the proprietary omnichannel payment gateway of Flexa. Merchants are guaranteed payment in US dollars or a preferred digital asset. Flexa’s crypto acceptance platform, which connects to 13 blockchain networks, was built to be deployed by larger merchants. Customers […]
Commercial and consumer credit, debit and prepaid cards issued in the US carrying the global network brands—Visa, Mastercard, American Express and Discover—generated $10.773 trillion in purchase volume (spending for goods and services) in 2024. This was an increase of 5.9% over 2023. Credit card cash advances and debit card cash withdrawals are not included in […]
New mobile, portable and reader devices from POS terminal manufacturer Verifone were designed to serve multiple use cases and a variety of merchant sectors. These devices will be sold under the Verifone Victa brand to independent software vendors (ISVs), independent sales organizations (ISOs) and acquirers, as well as directly to merchants, in all world regions.
In 2024, the value of 67 investment transactions for which the monetary value was announced amounted to $5.51 billion. This compares to 85 deals with announced values totaling $8.90 billion in 2023.
Mastercard and Visa credit card purchase volume worldwide through the first nine months of 2024 grew 8.0% to $8.124 trillion. Credit cards issued outside the US accounted for 57.07% of that amount, up from 56.15% in 2023.
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