Industry News

The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.

Feb 7, 2023

Sionic Announces Suite of Trust-Based Services for Bank-to-Bank Verified Rapid Payments

Sionic is launching a suite of trust-based services to address the challenges facing faster payments in the US, whether on the RTP Network or upcoming FedNow bank rails. > See Article

Feb 7, 2023

Merchants Tell Congress Credit Card Competition Act Would Block National Security Threat from China UnionPay

The Merchants Payments Coalition told a House committee holding a hearing on economic threats from China today that passage of the Credit Card Competition Act is needed to keep China from "infiltrating" the US payment processing market. > See Article

Feb 7, 2023

Trustly, Cross River and PointsBet Partner to Offer Instant Payouts in the US

Trustly has partnered with PointsBet, a global online gaming operator, to offer its players instant payouts in the US. In partnership with Cross River Bank, a fintech offering embedded financial solutions, Trustly´s platform will allow PointsBet to provide players with instant withdrawals of winnings into their bank accounts. > See Article

Feb 6, 2023

US Payments Forum Resource Offers Guidance for Streamlining PINless Debit Processing

The US Payments Forum has produced a white paper that seeks to simplify and improve the PINless debit implementation process across the payment landscape. The document is available for free on the forum´s website. > See Article

Feb 4, 2023

Sightline Payments to Issue Visa Play+ Debit Cards

Sightline Payments announced plans to offer Visa-branded Play+ cards for the first time. The relationship will help expand omnichannel payment solutions in the gaming industry on the world´s largest payment network. > See Article

Feb 2, 2023

Clickatell Launches Chat 2 Pay with FlySafair for WhatsApp Mobile Payments

FlySafair, South Africa´s leading low-cost airline, has become the first airline in the world to deploy Clickatell´s Chat 2 Pay feature. Customers can make mobile payments via FlySafair´s WhatsApp channel.  > See Article

Feb 2, 2023

Lightspeed Announces Third Quarter 2023 Financial Results

Revenue grew 24% year over year to $188.7M (26% growth in constant currency) and gross payment volume grew 75% year over year to $3.9 billion > See Article

Feb 1, 2023

Citizens Announces Availability of Zelle for Its Small Business Customers

Eligible small business can use Zelle to pay and get paid within the Citizens mobile banking app.  > See Article

Feb 1, 2023

Ingenico and Splitit Partner to Bring White-Label Buy Now, Pay Later (BNPL) to Physical Checkout with Just One Touch

The companies have formed a global strategic partnership to bring one-touch, no-interest, buy now, pay later capability to the physical checkout experience using PPaaS, Ingenico´s cloud-based Payments-Platform-as-a-Service, and Splitit´s Installments-as-a-Service solution. > See Article

Feb 1, 2023

Biden Moves to Slash U.S. Credit Card Fees, App Charges

President Joe Biden has unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple Inc. and Google parent Alphabet Inc. charge on mobile app stores. > See Article

Feb 1, 2023

ACI Worldwide Increases Global Reach, Powering 25 Domestic and Pan-Regional Real-Time Schemes

Europe, the Middle East and the UK are ACI´s leading regional markets, with 12 countries having integrated real-time payment software capabilities, followed by nine countries in the Asia-Pacific and four in the Americas region. The latest additions to ACI´s growing client roster are the central banks of three nations in the Middle East. > See Article

Feb 1, 2023

Euronet’s Ren Payment Platform to Enhance Prepaid Card Issuing Services for Digital Wallet Provider Solfin as Company Expands Across the LATAM

Euronet´s Ren Payment Platform will provide issuing services for a minimum of 250,000 prepaid cards and up to 10 million cards over the next 10 years. The partnership will also enable Solfin to expand its footprint beyond Costa Rica and Guatemala to other Central American countries in the future. > See Article

Jan 31, 2023

SpacePointe Selects Sionic to Bring Instant Pay-by-Bank Payments to Customer Checkouts

Sionic, a leading provider of omnicommerce faster digital payment solutions, today announced that it has entered into a strategic agreement with SpacePointe, a global payment technology company focusing on the digital transformation, to provide its Pay-by-Bank faster payments service. > See Article

Jan 31, 2023

American Express Launches New Cash Flow Management Hub, Expanding Its Powerful Backing for Small Businesses

American Express Business Blueprint is a new digital cash flow management hub designed exclusively for small businesses, featuring free cash flow insights, digital financial products and an easy way to reach and manage American Express Business Cards. > See Article

Jan 31, 2023

PayPal Reduces Workforce by 7%

Citing the need to focus resources on core strategic priorities, PayPal will reduce its global workforce by approximately 2,000 full-time employees, which is about 7% of its total workforce.  > See Article

Jan 30, 2023

G+D and Gr4vy Partner to Accelerate Unique Payment Experiences in Ecommerce

By integrating G+D´s network tokenization solution into the Gr4vy platform, merchants benefit from an enhanced authorization process and lower transaction costs, resulting in fewer false transaction rejections and a reduction in fraud rates. > See Article

Jan 30, 2023

Sentry Enterprises Launches Biometric Access and Cold Wallet Card Solutions on Infineon´s SLC38 and Idex Biometrics Sensor Technology

Sentry Enterprises has selected Infineon Technologies´ latest generation secure element SLC38 together with Idex Biometrics´ sensor solution to power their next-generation biometric identity platform for access and cold wallets. > See Article

Jan 30, 2023

Fiserv Looks to Support New Payment Flows with Major Payment Institution License from Monetary Authority of Singapore

A Fiserv operating entity that provides payment solutions for merchants in Singapore, First Data Merchant Solutions Private Limited will be able to provide merchant acquisition services and domestic and cross-border money transfers. > See Article

Jan 27, 2023

Engage People to Empower BP Customers to Pay with their Reward Points at the Pump

Engage People, the only loyalty network that enables program members to pay with points (PwP) directly at checkout, today announced it is partnering with Velocity Logic, a reward technology company, to allow customers of BP to use their loyalty and rewards points at the pump. > See Article

Jan 26, 2023

Bankers Helping Bankers Names Pulse Exclusive Debit Partner

The agreement builds upon Pulse´s longstanding support of community banks and the Independent Bankers Association of Texas, which co-founded Bankers Helping Bankers in partnership with FedFis. > See Article


Commercial payments account for 45% of total billed business at American Express, and more than 70% of those payments are business to business (B2B)—mostly...