Merchant interest in accepting cryptocurrencies continues to expand, with headline progress stemming from high-end luxury-goods segments. The latest example comes from ECD Auto Design, a Kissimmee, Fla.-based dealer in restored luxury cars. The company on Thursday announced it is accepting crypto for vehicle purchases. ECD’s move comes as digital currencies …

For some processors, opportunity can abound among high-risk merchants shunned by acquirers that fear the potential losses. But losses can also abound if these relationships are not well-supervised, warned a panel of experts Tuesday afternoon. “There’s a balance between how much risk we’re going to take on and how to …

A leading merchant association and a group representing stablecoin interests early Thursday threw their weight behind efforts to bring stablecoins into the payments mainstream in the United States. The move by the Merchant Payments Coalition and the Payment Choice Coalition seeks to “promote their shared goals of enhancing innovation, competition, …

The U.S. Senate on Wednesday voted 51-47 to scrub a regulation issued in November by the Consumer Financial Protection Bureau and aimed at mobile wallets and digital money transfers. The repeal legislation, which now moves to the House of Representatives, comes as major payment-app developers like Apple Inc., Block Inc., …

Rumors about an acquisition of Paysafe Ltd. have swirled around the company for nearly a month, and the processor’s top management early Tuesday were in no hurry to add fuel to the speculation. “We’re going to stick to no real comment,” said chief executive Bruce Lowthers while addressing an equity …

PayPal Holdings Inc.’s chief executive laid out a unified commerce strategy early Tuesday for both online and in-store merchants that includes a new application programming interface and a link with Verifone Inc., a major provider of in-store payment devices. “This is a new PayPal. We are transforming from a payments …

A top executive at Coinbase Global Inc. said Friday the Securities and Exchange Commission has withdrawn an enforcement action against the cryptocurrency platform, a move the executive lauded as a “victory not just for Coinbase, but for our customers, the United States, and individual freedom.” “We’ve always maintained that we …

Shift4 Payments Inc. is beefing up its operations in Europe on the eve of founder and chief executive Jared Isaacman’s departure to run the National Aeronautics and Space Administration. The Allentown, Pa.-based processor announced late Tuesday a $2.5-billion agreement to acquire Global Blue, a Switzerland-based international platform providing transaction services …

Global Payments Inc. will roll out its revamped Genius point-of-sale package of products and services domestically in May as a common brand, with an international rollout late this year, chief executive Cameron Bready assured listeners on a conference call early Thursday. A major repositioning of the Atlanta-based company’s acquiring technology, …

Top executives at FIS Inc. early Tuesday reported accelerating revenue in 2024 and see that momentum carrying into the new year, but the energy appears to be coming from financial technologies apart from the big Worldpay merchant-processing platform. “Worldpay has not been a growth driver in 2024, and won’t be …