Payments News

On The Web

nbsp; nbsp; nbsp;

Systems

Kraken Becomes First Crypto Exchange to Become a US Bank

“On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is now the first SPDI bank in Wyoming. According to the Wyoming Division of Banking’s general counsel, Chris Land, Kraken will also be the first newly chartered (de novo) bank in […]
nbsp; nbsp;

Systems

New York City Council OKs Restaurant Surcharge During Pandemic

“New York City restaurants would be able to charge customers a 10% Covid-19 relief fee under legislation approved Wednesday by the City Council. The move would temporarily end a ban on restaurant surcharges in the city that has lasted more than four decades. The new fee is intended to ease some of the financial hardship […]
nbsp;

Systems

Who Gets Hurt When the World Stops Using Cash

“Cash doesn’t have the status it used to. In fact, some state and local governments are forcing businesses like restaurants and retail shops to continue accepting cash — concerned that cashless businesses effectively discriminate against consumers who do not have bank accounts or credit cards. New York City will require most stores and restaurants to […]
nbsp;

Systems

How FIS Sped 6 Million EBT Cards to Feed Needy Kids During the Pandemic

“When the pandemic shut classrooms across the U.S. this year, the federal government looked for a quick solution to prevent millions of needy students who typically receive meals at school from going hungry. Under the Families First Coronavirus Response Act, the government proposed covering the cost of lunch for eligible school-age children so families could […]

On The Wires

nbsp;

Systems

EVO Payments Introduces Express Deposit

“EVO Payments, Inc. (NASDAQ: EVOP) (“EVO”), a leading global provider of payment technology integrations and acquiring solutions, today announced the launch of EVO Express Deposit enabled by Visa Direct, Visa’s real-time push payments platform. Through EVO’s Visa Direct solution provider, and the integration of Visa Direct, EVO Express Deposit enables qualified merchants in the U.S. […]
nbsp;

Systems

Instant Payments: Push-to-Debit Functionality is Here

“Credit card networks, such as Mastercard and Visa, are especially suited to support use cases where speed and availability of funds are paramount. In most cases, money transferred over the card rails is delivered in real-time and available to recipients 24 hours a day and 365 days a year. With Dwolla’s Push-to-Debit offering complimenting the […]
nbsp;

Providers

Start Earning More Travel Rewards With the Hotels.com® Rewards Visa® Credit Card

“Hotels.com® announced today the launch of its first-ever credit card: the Hotels.com® Rewards Visa® Credit Card. The new, no-annual-fee card was designed with the traveler in mind, offering rewards that transform everyday spending into more rewarding travel. Hotels.com already has one of the most generous rewards programs in the industry. As a Hotels.com Rewards member, […]