Payments News

On The Web

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Systems

Wells Fargo Explores Selling Private-Label Card Unit

“Wells Fargo & Co. is exploring selling a unit offering store-branded credit cards as the bank chooses businesses to keep or break off in a broad strategic overhaul, according to people with knowledge of the matter. The unit providing so-called private-label cards and point-of-sale financing strikes agreements with retailers so that shoppers can buy merchandise […]
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Domains

Andreesen Horowitz-backed Deel launches crypto payroll tool

“A payroll platform which has drawn in $44 million in venture capital funding during the pandemic has unveiled a new tool to allow remote workers to be paid in cryptocurrency.Deel, which supports remote workforces with payroll and compliance, says the new tool will enable international workers to be paid in bitcoin, ether, or XRP — […]
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Systems

U.S. seizes over $1 billion in bitcoin tied to ‘Silk Road’

“The U.S. Justice Department announced Thursday it had seized over $1 billion worth of bitcoin associated with the underground online marketplace Silk Road. The Justice Department said it was seeking the forfeiture of the cryptocurrency, which had been in the possession of an unnamed hacker who stole them from the “notorious” website. It is the […]

On The Wires

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Systems

MoCaFi Partners with InComm Payments to Launch No-Fee Cash Deposits at Major Retailers

“InComm Payments , a leading payments technology company, and Mobility Capital Finance (MoCaFi), a mobile-first banking platform committed to bringing financially underserved communities into the digital economy, have announced a new partnership that will provide MoCaFi members with a no-fee option to load their MoCaFi Mobility Debit Mastercard® cash at major brick-and-mortar retail chains across […]
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Systems

Payments Canada selects Mastercard’s Vocalink as the clearing and settlement solution provider for Canada’s new real-time payments system, the Real-Time Rail

“Payments Canada today announced the selection of Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s new real-time payments system, the Real-Time Rail (RTR). This announcement follows an extensive procurement process that included the Bank of Canada and the Department of Finance. The partnership will draw on Mastercard’s expertise, and its next-generation […]
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Systems

Mazooma partners with Plaid for igaming and sports wagering payments

“Mazooma, a gaming industry leader for more than 15 years, has partnered with Plaid , a financial data network powering thousands of digital apps and services, to bring an Instant Bank Transfer payment solution to igaming and sports wagering operators in certain regulated U.S. states. The offering is now available for deposits and withdrawals on […]
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Deals

Blackhawk Network Acquires NGC

“Today, global branded payments provider Blackhawk Network announced that it has completed its acquisition of National Gift Card ( NGC ), one of North America’s largest card and prepaid technology companies. The acquisition broadens Blackhawk’s prepaid and gift card offerings and integrates NGC’s best in class fulfillment capabilities into Blackhawk’s operations.”