Banks in the U.K. are reportedly working to create their alternative to Visa and Mastercard. Executives from the country’s banking giants will meet this week on the project, driven by fears that the U.S. could shut off access to American payment systems, The Guardian reported...
Technology infrastructure provider Cross River Bank has added a proprietary, in-house card processing engine to its card program capabilities. The company now owns the complete technology stack, from issuing to processing, it said in a Wednesday (Dec. 10) press release emailed to PYMNTS. With its...
Priority Technology Holdings has received a proposal to take the company private. The nonbinding proposal came from an investor group led by Thomas Priore, the payment and banking solutions provider’s chairman and CEO, Priority announced in a news release earlier this week. Priore already holds...
U.S. Bank says it has expanded its suite of embedded payment solutions. The expansion, announced Tuesday (June 17), lets businesses integrate payments into their existing systems, and includes a for-benefit-of (FBO) solution for companies to move money on behalf of their customers. “Today’s finance leaders...
India’s government is denying rumors of new fees on the country’s popular instant payment system. “Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading,” the Indian Ministry of Finance wrote in a post on X Wednesday...
Stripe has launched what it calls a “major expansion” of its money movement capabilities. It’s part of a larger product rollout by the financial services company on Wednesday (May 28), with Stripe also introducing tools to make it easier to trade internationally, while also touting...
Are companies offering payments services in Great Britain prepared for disruptions such as cyberattacks? Sasha Mills, executive director for financial market infrastructure (FMI) at the Bank of England (BOE) said there is still work to be done. In a speech Tuesday (April 30), Mills said these...
Creating new sources of income is key to business growth, and payment features are becoming a key component in doing so. For instance, independent software vendors (ISVs) and marketplaces can generate revenue through processing fees associated with the incorporation of payment features into their services....
Codego Group, a company specializing in white-label crypto cards, has launched an all-in-one payment app that combines IBANs, cards and crypto-euro conversions. The new CodegoPay payment solution is available for both personal and business use, the company said in a Thursday (Jan. 11) press release. With the increasing...