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An investor group led by LTVCo acquired Kipp ahead of a planned US expansion, Finextra reported. Kipp connects card issuers and merchants to support additional transaction approvals. The report did not disclose the acquisition price, customer scale or measured authorization improvements, leaving the commercial results of the expansion to future deployments.
PYMNTS reported that Ripple announced final OCC approval for Ripple National Trust Bank on October 26. That reported authorization is distinct from the commencement of banking operations, which the supplied reporting does not establish. Standard Custody & Trust Company remains the RLUSD issuer; the approval does not itself transfer issuance to the national trust bank.
Source: PYMNTSThe FTC, seven state attorneys general and authorities representing Los Angeles County and San Francisco sued Toast over alleged unauthorized optional-service charges, inadequate fee disclosures, cancellation obstacles and financing repayment requirements. The reported complaint includes requirements that some merchants immediately repay outstanding financing when they leave, directly connecting processor switching with loan obligations. Toast reportedly intends to defend itself; the allegations are not adjudicated findings.
Source: Competition Policy International / PYMNTSFor the third quarter of 2026, Coinbase reported $570 million in subscription and services revenue, up 3% quarter over quarter and accounting for 49% of net revenue, versus 41% a year earlier. Transaction revenue totaled approximately $590 million; executives attributed 25% of that segment to prediction markets and derivatives. The larger services share reduces dependence on transaction fees, not necessarily exposure to crypto-market activity: services include stablecoin revenue, blockchain rewards, interest and financing income, rather than payments alone.
Source: PYMNTSFinextra, citing the Financial Times, reported that CD&R is targeting a buyout of Global Payments, which carries approximately $40 billion in enterprise value. That figure is not an offer price, and the report establishes neither a signed agreement nor committed financing or a closing timetable. The potential ownership change does not establish any change to merchant pricing, processing services or distribution contracts.
Source: Finextra“The U.S. Treasury launched the Electronic Federal Tax Payment System (EFTPS) in 1996, allowing taxpayers to pay federal taxes electronically. Source: IRS, 1996 IRS Data Book — https://www.irs.gov/statistics/soi-tax-stats-irs-data-book-1996
Filed under: Payments History · The Long Memory
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