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
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
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 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 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 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
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...