Bitcoin’s volatility may have dampened the payments industry’s enthusiasm for the cryptocurrency, but payments players are now reaping patent awards for Bitcoin-related inventions they filed years ago. The latest example is Intuit Inc., the Mountain View, Calif.-based company behind the popular Quicken and QuickBooks accounting programs for consumers and small …

Having completed its first full quarter of operation on June 30, Worldpay Inc. on Thursday reported just over $1 billion in net revenue for the period from business lines that include merchant processing, technology services, and card-issuer support. That’s up 11% from what Vantiv Inc. and Worldpay Group plc would …

Malicious attacks on payments systems come in a bewildering array of shapes and sizes, making it a nettlesome problem figuring out which types of attack require the most defensive resources. Yet, the stakes could be highest in the United States, where the average cost per breach, at $225, is one …

Microsoft Corp. continues to make enhancements to Microsoft Pay in a highly competitive market for digital wallets. This week, the computing giant said Microsoft Pay has been integrated with Masterpass, the online wallet from Mastercard Inc. that lets consumers pay with stored credentials from a variety of payment providers. “We …

One year after the hard fork that created it, Bitcoin Cash is in some ways mimicking the digital currency it was spawned from. Bitcoin Cash’s price at $693 Monday morning has slid by about $1,000 in the past three months, according to CoinMarketCap.com. And it’s well under the $4,091 peak …

The growth surge at the nation’s automated clearing house network shows no signs of slowing down. The payments system handled 5.68 billion transactions in the quarter ended June 30, a 6.2% increase year-over-year, according to numbers from Herndon, Va.-based NACHA, the network’s governing body. The network has now notched growth …

Will Square Inc. apply for a national banking charter, now that the Office of the Comptroller of the Currency has opened the door to financial-technology firms? As of late Wednesday, the answer remains unclear. “We’re really well-positioned to broaden access to the financial system, which is our core purpose,” said …

Financial technology firms, many of which command significant positions in the payments business, can now apply to become national banks. Moving on a proposal it’s had under consideration for months, the Office of the Comptroller of the Currency announced on Tuesday it will begin accepting bank-charter applications from fintech firms. …

Long an afterthought in payments, peer-to-peer transfers are top-of-mind in the industry just now, and this week three reports emerged to show just how fast the payment type is growing for bank and nonbank networks alike. The bank-owned Zelle network processed 100 million transactions totaling $28 billion in the three …

Person-to-person payments are hot these days, and PayPal Holdings Inc. has one of the hottest products in the market with its Venmo service. But as PayPal revealed Wednesday, Venmo can create some friction for its parent even as it vitally expands its payments business. PayPal reported $14.2 billion in payment …