The Shanghai-based UnionPay International payment network reported Monday that it now has 28 million accepting merchants outside of China and 120 million cards issued by non-mainland financial institutions since it launched its global business in 2004. But while UnionPay International now has a presence in 176 countries, with Chile and …

One of the longest-running antitrust lawsuits in the payments industry is getting into gear again with a new request by independent ATM deployers for class certification in their action against Visa Inc. and Mastercard Inc. The National ATM Council Inc. (NAC) trade group and 13 ATM independent sales organizations originally …

Merchant processor Square Inc. on Nov. 1 will drop its longstanding 2.75% point-of-sale rate for a new pricing plan of 2.6% plus 10 cents. Based on recent U.S. purchase dollar- and transaction-volume statistics from the bank card networks, Digital Transactions News calculates the new pricing plan will generate about 1% …

Leading online retailer Amazon.com Inc. is bringing its Amazon PayCode service to the United States in a deal with The Western Union Co. that gives consumers the option to pay for Amazon purchases in cash. Seattle-based Amazon announced Wednesday that PayCode, which is already live in 19 countries, will be …

The warmth of late summer still bathes much of the country, but PayPal Holdings Inc. already has its eyes on the upcoming holiday spending season. The online commerce leader today unveiled a zero-interest financing promotion for its PayPal Credit service with a lowered purchase threshold. In addition to charging no …

CBD is all the rage these days as a newly available medicine that can alleviate everything from pain to insomnia, and now e-commerce platform provider Shopify Inc. is pitching its payment and other support services to U.S. CBD merchants. Ottawa, Ontario-based Shopify, which serves 800,000 merchants globally and has major …

Corporate treasurers can identify numerous use cases for real-time or otherwise faster payments, but they do worry about transaction security, according to the Association for Financial Professionals. Some 60% of respondents surveyed in the AFP’s newly released 2019 payments study said business-to-business transactions will benefit the most from faster and …

Many payment executives regard the United States as a mature market compared with high-growth countries in Asia and Latin America, but it still has plenty of untapped opportunities, according to Mastercard Inc. executives. Its home country remains Mastercard’s largest market. As of 2018, the U.S. accounted for 33% of Mastercard’s …

The Federal Reserve’s proposed FedNow real-time payments service won’t be live for more than three years, but bankers and other interested parties peppered two Fed officials with plenty of questions about it Monday. The occasion was a 90-minute webinar in which the officials reviewed the ambitious FedNow plans unveiled last …

The big online merchant processor Stripe Inc. on Thursday introduced Stripe Capital for its U.S. merchants, thus joining competitors such as Square Inc. and PayPal Holdings Inc. in providing financing for its merchants. “Stripe Capital makes it easy for Internet businesses to get the funds they need, when they need …