Industry News

Payroc, a merchant acquirer, processor, and payment integrations provider, has launched card-present payments in Canada through a new integration with Moneris Solutions, the 25th largest merchant acquirer worldwide. Moneris Go POS terminals are designed to power transactions for independent software vendors and small to medium-sized businesses. Payroc will provide its partner's connection to Moneris Go through its eConduit product, Payroc Cloud. Payroc will offer two advanced smart terminals, Moneris Go (the PAX A920) and Moneris Go Plus (the Ingenico AXIUM DX8000).

Revenue of $72.7 million in the fourth quarter reflected a 15.4% YOY growth in subscription and transaction fees. Revenue of $268.6 million for the fiscal year was up 10.2%. Fiscal year US GAAP net income applicable to common shares was $11.4 million.

Paymentology, a UK-based provider of card issuer processing and financial services to customers in Europe, the Middle East and Africa, is expanding its partnership with Zambian fintech, Union54 to include a messaging app with an integrated payment wallet, called ChitChat. The partners will add a USDvirtual Mastercard debit card to Union 54's platform, while also supporting Union54’s expansion of ChitChat in Zambia and other African markets.

U.S. Bank is introducing two new U.S. Bank Smartly products designed to work together to maximize credit card rewards and raise savings balances. The U.S. Bank Smartly Visa Signature credit card offers up to 4% cash back on every purchase. U.S. Smartly Savings account holders can earn up to 4.10% APY on balances when paired with the Smartly Visa credit card.

Jack Henry is collaborating with Moov, a digital payments processor, to enable community and regional financial institutions to offer API-based payment acceptance seervices to small and midsized business (SMB) customers. The cloud-native service will allow SMBs to accept payments with the tap of a phone, receive same-day funds and automate reconciliations to accounting software packages.

UniPaas, a white-label provider of payment services to software as a service platforms, will facilitate American Express card payments for small and midsized businesses paying invoices. The company, which has a UK FCA Authorized Payment License, is PCI DSS level 1 certified. UNIPaaS also handles direct debit, bank transfers and mobile wallet payments. Generative AI is used to recommend payment methods to SMB customers.

Pine Labs, a top provider of merchant processing and related support services, has partnered with Visa in India to launch Pine Labs Mini, a soundbox-enanbled POS terminal for small and midsized merchants. The device handles QR code, mobile phone and card payments.

JCB has launched the JCB Metal Corporate Card in partnership with Hong-Kong based Bindo Labs. Bindo is the parent company and developer of Wonder, a payments gateway and fintech platform in Asia Pacific. The Wonder x JCB Metal Corporate Card’s features include virtual card issuance in as little as 7 minutes. Cards are accepted at 49 million JCB merchants worldwide.

JCB International Indonesia and PT Bank Permata have launched the Permata JCB Ultimate Card focused on dining and travel. provide the best experience for its users, especially travel and dining enthusiasts. This card targets the affluent segment looking to enjoy more benefits from credit card transactions. A Welcome Bonus Program features 20,000 airline miles and 1 airline mile for transactions of IDR 5,000 or more.

JustFly.com, an online travel agency in Canada, has added a pay-by-bank feature powered by Accrue, a fintech that enables partners to launch customized banking, loyalty and payment services.

Mastercard will debut its Payment Passkey Service, which secures online checkout, in India. Companies participating in a pilot test include payment aggregators Juspay, Razorpay and PayU, online merchant Bigbasket and Axis Bank. Payment passkeys use device-based biometric authentication methods such as fingerprints or facial scans to streamline online shopping experiences, replacing passwords and OTPs. Mastercard Payment Passkey Service uses tokenization to secure a consumer's payment details and biometric data.

Liberis is an embedded finance platform focused on small businesses. The company has formed a partnership with BNPL provider Sezzle. Sezzle Capital fueled by Liberis will provide funding to small and midsized businesses in the US, with a launch in Canada to follow.

Sezzle has entered into a five-year agreement to make WebBank its exclusive partner for originating and financing products offered through the Sezzle platform in the US, including Sezzle’s Pay-in-2 and Pay-in-4 products. WebBank will also serve as the exclusive issuer of all Sezzle Subscription Accounts, and as the exclusive issuer of Sezzle Virtual Card (subject to a one-year transition period).

Axis Bank, a private sector bank in India, has partnered with Visa to launch Primus – an ultra-premium credit card that will be offered by invitation only to the bank's ultra-high net worth customers. Benefits curated under the Visa Infinite Privilege offering include culinary journeys and custom-made travel itineraries, private jet access, companion tickets and invitations to events such as music concerts and private art exhibitions.

Airtel Payments Bank in India has collaborated with Noise to launch an NCMC-enabled (National Common Mobility Card) smartwatch, integrated with the RuPay chip. Noise manufactures the watch, which will soon be available online and from Airtel stores.

Br-dge, a payment orchestration platform provider, will be used by Vibe, a B2B travel tech platform that enables online travel agencies to build custom booking solutions. Through a single integration with BR-DGE, Vibe's merchants will gain global payments connectivity.

Airtel Payments Bank in India has collaborated with Noise to launch an NCMC-enabled (National Common Mobility Card) smartwatch, integrated with the RuPay chip. Noise manufactures the watch, which will soon be available online and from Airtel stores.

Visa has launched its Money Movement Advisory Practice in the US and Canada. The new value-added service, offered by Visa Consulting & Analytics (VCA), the payments consulting advisory arm of Visa, leverages a network of over 1,300 consultants, data scientists, technology developers and product designers across 75 offices globally.

BankDhofar, the second-largest bank in Oman with over 120 branches, has selected Entrust to provide customers with digital card capabilities for Islamic and conventional banking applications. The bank has implemented the Entrust Digital Card Solution for Tap to Pay services and tokenization enablement. "Dhofar-Pay", the bank's mobile payment service, allows users to add their existing Visa debit and credit card details to their NFC-capable Android phones for contactless payment transactions.

Conotoxia, which operates as a payment institution under The Polish Financial Supervisor Authority, has introduced multicurrency Visa brand cards for its business customers. Business owners can monitor spending and manage card limits in the customer panel or mobile app.

CPI Card, the largest US-based payment card manufacturer, has formed a partnership with Rippleshot to provide fraud prevention services to CPI customers. Rippleshot uses AI, machine learning and predictive analytics to detect and prevent credit and debit card fraud. Backed by data consortium of more than 5,000 financial institutions, Rippleshot's platform identifies fraud patterns to generate intelligence and rules to detect emerging risks and block incidents before they occur. It also lets financial institutions block high-risk merchants and mitigate the impact of data breaches.

Idex Biometrics has received certification from Visa for Idex Pay, which combines the company's proprietary card operation system and fingerprint sensor with Infineon's SLC38 secure element. Idex Pay is already certified with Mastercard. Several card manufacturers have already received the Mastercard Letter of approval and others are in the final stages of process.

Zwipe has been awarded a patent (US 11995161 B2) for its biometric enrollment system, which utilizes authorized devices like smartcards without requiring external power sources. In the proposed method, a smartcard (or other "biometrically authorized device") will be provided to the user along with a holder that includes an integrated power source. The power source remains inactive during transit. Upon delivery, the user manipulates (by opening a folder card, puling a tab or pressing a button) the holder to activate the power supply to the smart card.

Flipkart, an ecommerce provider in India, has consolidated its fintech offerings into a single vertical called Flipkart Pay. Bill payment services include recharges for Fastag, electricity bills, broadband and mobile bill payments. The company also offers UPI services in partnership with Axis Bank. Flipkart’s in-house fintech venture, Super.Money, has released a beta version of its mobile application on the Android app store. The platform will offer payments, credit, deposits and other digital financial services.

Convera, which provides FX risk and cross-border payment services to 26,000 businesses, will expand its commercial payment products to include embedded payments for the education sector through a partnership with Ascent One. That company will add Convera's embedded payment service to its platform used by education agents across 167 countries.