Robinhood, Galaxy Digital, Kraken Unite for New Paxos Stablecoin Network
Robinhood, Galaxy Digital, and Kraken will collaborate on a network to support Paxos’ newly launched stablecoin, USDG. The consortium of crypto companies said the Global Dollar network is designed to accelerate worldwide stablecoin adoption. USDG is currently available only on the Ethereum blockchain, though Paxos said the stablecoin could be available on other blockchains soon. […]
School Lunch Payment Processor Hit with Lawsuit over ‘Exorbitant’ Fees
We are starting to see the first fallout from the Consumer Financial Protection Bureau’s report this summer exploring the excessive payment fees charged by school lunch programs. A class action lawsuit claims that a New Jersey-based processor charges exorbitant transaction fees when it processes children’s school lunch payments. The suit says that PAMS Lunch Room […]
Payment Orchestration Can Mitigate Tech Complexity for Banks
More factors are involved in processing a payment than ever before, including new payment types, a variety of processors and acquirers, and geographic considerations. Payment orchestration means unifying all those aspects into a single, functional solution that maximizes the benefits to the organization. Merchants are increasingly reaching out to third-party providers for payments orchestration solutions, […]