PAX Edge Released and other Digital Transactions News briefs from 10/20/26 – Digital Transactions
- PAX Technology Inc. said it will work with engineering firm Omni Integration Inc. to launch PAX Edge, payment software designed to work with a range of gateway and backend environments, though not tied to a single processor.
- Cognizant announced it has a five-year agreement to install artificial intelligence technology for point-of-sale terminal company Ingenico’s infrastructure and operations.
- Mercury Tech Partners said it will merge with point-of-sale technology firm POS Global Concepts under the Mercury Tech Group brand, effective Jan. 1. Mercury Tech helps multi-site businesses manage technology across locations.
- Payments companies Matera and Payfinia, along with the Solana Foundation, demonstrated X9.150, a new standard for payments via QR codes that allows consumers to pay over the Federal Reserve’s FedNow real-time payments network, the RTP real-time network, or with the stablecoin USDC on the Solana network. The demonstration, which took place at the Money20/20 trade show, does not constitute a product launch, the companies say.
- U.S. Bank has launched Payment Switch, a utility within the bank’s mobile app that lets consumers move recurring payments to a U.S. Bank debit or credit card without going to each merchant site or to a third-party platform.
- A survey from Forter Inc. of 2,000 U.S. consumers found that 67% plan to use artificial intelligence to help with their holiday shopping this year. Conducted by The Harris Poll, the survey also found that 37% of holiday shoppers expect to use it more than they did in 2025.
- LexisNexis Risk Solutions said that for every $1 in fraud a U.S. financial services firm experiences, it costs them $5.47. Canadian financial services firms face $4.09in costs for every $1 in fraud.
- Mastercard Inc. released Stablecoin Security, a service to assess risk associated with stablecoin transactions.
- Mesh, a payments processor specializing in crypto-based payments, said it will work with Visa’s global acceptance network to allow consumers to pay in-store and online directly from their stablecoin balances held in wallet apps. Visa’s network reaches approximately 175 million merchant locations in 200 countries and territories.
- Fiat-money processor Thunes and cryptocurrency processor Coinbase have agreed to work together to offer a global cross-border payments service incorporating both forms of money.
- Cross River Bank said its parent company, CRB Group Inc., has agreed to acquire Accrue, a fintech offering embedded services in payments, cards, and digital assets. The deal also brings Accrue’s branded wallet and incentive-tracking technology offered to customers. Terms were not disclosed.
