Payments News

On The Web

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Companies

Visa Direct Preferred Partner Program is Now Globally Live

“Visa recently launched the Visa Direct Preferred Partner program, a global program designed to help partners of Visa’s real-time money movement network accelerate time to market. Through the program, Visa Direct Preferred Partners can access the tools and resources they need to help launch, sell, and grow their real-time payment solutions. The program is currently live […]
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Companies

New Participants Named to FedNowSM Pilot Program

“The Federal Reserve today announced the addition of several organizations to the FedNow Service Pilot Program. The participants are joining more than 120 other organizations amid the program’s testing phase, which began earlier this year and will continue through the launch of the FedNow Service in 2023. The new pilot participants include the U.S. Department […]
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Companies

Soft POS User Base Set to Surge

“A new study from Juniper Research has found the total number of merchants deploying soft POS solutions will surpass 34,5-million globally by 2027; rising from 6-million in 2022. This growth will be driven by Apple’s entrance into the soft POS space; enabling iOS users to access an affordable mobile POS solution. Soft POS enables NFC […]
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Companies

U.S. Bank Delivers Another Real-Time Payment Solution to Auto Dealers

“With another innovative RTP® Network solution, U.S. Bank can now provide loan funds to auto dealers instantly after the loan contract is finalized by the bank. Following a successful pilot completed in June, U.S. Bank has already enabled more than 800 auto dealers to receive funds from auto loans via a real-time payment. The bank […]
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Companies

Wise and Plaid Launch Open Finance Agreement to Enable Secure Financial Connectivity

“Wise, the global technology company building the best way to move money around the world, and Plaid, the API-first data network powering the digital financial ecosystem, today announced an open finance agreement to provide customers a seamless way to move money across different financial institutions. The integration is based on Plaid’s industry-aligned open finance solution Core […]
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Companies

Amazon Expands Whole Foods Contactless Payment Across California

“Amazon is making its Amazon One palm payment shopping experience available at a new set of Whole Foods Market stores. More than 65 Whole Foods Market stores across California will soon offer the Amazon One palm-based payment system that allows customers the option to use their palm to pay for purchases. This is the first […]
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Companies

BitPay Launches Cash Back Rewards for BitPay Cardholders Through a Partnership with Cardlytics

“BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today added a reward program to its BitPay Prepaid Card. Cardlytics, a cash-back rewards platform, is managing the rewards where the BitPay cardholder automatically receives up to 15 percent cash back on purchases every time they use their card at participating retailers.”
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Companies

Jack Henry & Associates to Acquire Payrailz

“Jack Henry & Associates, Inc.® announced today that it has entered into a definitive agreement to acquire Payrailz, adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem.   Based in Glastonbury, Conn., Payrailz provides cloud-native, API-first, AI-enabled consumer and commercial digital payment solutions and experiences that enable money to be moved in the […]