Payments News
Bitcoin Depot grows deployment to 500 ATMs nationwide
February 6, 2020
Bitcoin Depot, a multi-currency cryptocurrency ATM network, announced an expansion to 500 ATMs worldwide, making it the largest blockchain ATM network across…
read nowFiserv providing payments technology for Hong Kong's ZA Bank pilot
February 6, 2020
Fiserv Inc. and ZA Bank, the first virtual bank to launch a Hong Kong-based pilot program, said ZA is using Fiserv's VisionPlus global payment software to…
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SoFi partners with Bancorp Bank on cash management account
February 5, 2020
The Bancorp Bank announced a partnership with digital personal finance startup SoFi to provide back-end banking services and be the exclusive card issuer for…
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Fiserv adds 50 banks, credit unions to merchant services since First Data merger
February 5, 2020
Fiserv Inc. said that more than 50 financial institutions that use its core processing platforms have added merchant solutions to their portfolio between its…
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Crane Payment acquires currency-handling firm Cummins Allison
February 4, 2020
Crane Payment Innovations, a banknote validation, cashless payments and developer of asset management software, has acquired Cummins Allison, a provider of…
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Remitly launches digital banking service for immigrant communities
February 3, 2020
Remitly, a Seattle-based digital money transfer company, has launched Passbook by Remitly, a mobile banking service designed for immigrant communities, with no…
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Australia's Commonwealth Bank invests another $200M in Klarna, launches installment app
January 30, 2020
Commonwealth Bank of Australia has made an additional $200 million in Klarna AB, a fintech that provides installment financing for retail customers. It…
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Wawa confirms hacked payment data has gone on sale on dark web
January 30, 2020
Wawa Inc., a convenience store and gas station chain that was hacked in December, has acknowledged reports that criminals have put stolen card data up for sale…
read nowZelle transactions, payment volume surge on holiday spending
January 29, 2020
Early Warning Services, parent of the Zelle Network, reported strong fourth-quarter spending surged on the P2P service, driven by increased gift money giving…
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Skrill launches prepaid Visa card with Community Federal Savings Bank
January 27, 2020
Skrill USA Inc. unveiled the Skrill Visa Prepaid Card, issued by New York-based Community Federal Savings Bank, which allows customers of the Skrill digital…
read nowThe Clearing House raises real-time payments maximum to $100,000
January 23, 2020
The Clearing House is quadrupling the maximum limit on the RTP network to $100,000. The increase, which starts Feb. 1, is due to increased participation and…
read nowWestern Union, Bharti Airtel partner on real-time bank transfers to India, African mobile wallets
January 22, 2020
Western Union has teamed up with Bharti Airtel Ltd. to allow customers to send real-time payments directly to bank accounts in India as well as real-time…
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ACH payments increase during Q4, led by surge in same-day transactions
January 22, 2020
The ACH Network, a nonprofit that facilitates check-by-phone transactions, reported that volume grew 8.1% during the fourth quarter to 6.4 billion payments…
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Pulse names EVP of product management
January 22, 2020
Pulse, a debit/ATM network owned by Discover Financial, has named Jennifer Schroeder as iexecutive vice president, product management.
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Amazon exploring palm biometric technology for retail checkout
January 20, 2020
Amazon is working on new checkout terminals that would allow shoppers to make payments using biometric data found on their palm prints rather than having to…
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Loomis to buy Swedish cash-handling firm Nokas Vardehantering
January 17, 2020
Loomis AB, through its wholly owned subsidiary, Loomis Sverige AB, is buying cash-handling firm Nokas Vardehantering AB, subsidiary of Norway's Nokas…
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Travelex CEO issues video apology after cyber attack, says some systems back online
January 17, 2020
Travelex CEO Tony D'Souza issued a video apology to customers and announced an initial recovery from a New Year's Eve ransomware attack, saying that the first…
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Paysafe expands omni-channel payment offerings with Handpoint
January 14, 2020
Paysafe has expanded its omni-channel offerings with the launch of the Cloud SDK from Handpoint, a firm that specializes in integrated payments.
read now4 Belgian banks plan to roll out shared ATM network
January 10, 2020
Four Belgian banks, including Belfius, BNP Paribas Fortis, ING and KBC, have announced plans to launch a bank-neutral ATM network starting in 2021, which…
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Nets acquires Finnish payments software firm Poplatek
January 9, 2020
Nets Group, a Denmark-based payments processing company, announced the acquisition of Poplatek Oy, a Finnish software developer and its spinoff company, which…
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