Debit card networks are gearing up for an expected flood of new online transactions in the wake of a Federal Reserve rule clarification that took effect more than a month ago to require that issuers enable network choice for online as well as in-person transactions. The latest example emerged late …

Marqeta Inc. late on Tuesday announced it will continue processing transactions for Block Inc.’s Cash App card product for another four years under a new agreement between the companies. The renewal will see San Francisco-based Block using Marqeta’s issuing platform through June 2027. The announcement comes days after Block reported …

The top brass at fast-growing payments processor Shift4 Payments Inc. indicated early Thursday the company is banking on sophisticated platforms like its SkyTab point-of-sale system in the face of rivals’ efforts to hit hotels and restaurants with additional fees. The Allentown, Pa.-based company is also looking to expansion in Europe …

As FIS Inc. prepares to dispose of a majority interest in its merchant-acquiring unit, the big processor confronts other key questions regarding potentially favorable developments in the payments business. Still, its top brass proved reluctant early Wednesday to discuss those questions, one of which touched on opportunities the proposed Credit …

Merchant volume is surging ahead for Global Payments Inc. as the big processor looks to further acquisitions following its absorption of EVO Payments Inc. in March and pursues a strategy of signing up companies it calls “profacs,” or payments facilitators that rely on Global for key functions like merchant underwriting …

Amazon.com Inc. grabbed headlines last week with its announcement that it will deploy its palm-reading checkout technology in all of its more than 500 U.S. Whole Foods stores, but it turns out scanning capability from a wide variety of software companies is taking over checkout duty worldwide, according to recent …

The merchant-acquiring business helped deliver a strong quarter for Fiserv Inc. as the big processor reported Wednesday its ninth consecutive period of organic revenue growth, or growth stemming from existing rather than recently acquired businesses. The Brookfield, Wis.-based company singled out its Clover point-of-sale technology for special mention as a …

The planned expansion of Amazon.com Inc.’s palm-reading point-of-sale technology to all of the company’s 515 U.S. Whole Foods stores, a move the online retailer announced late last week, could represent a major leap for an authentication method few if any other backers have tried. The technology, introduced three years ago …

American Express Co. is working to sign more card deals like the one it has with merchants using Block Inc.’s Square merchant-processing unit, while cardholder spending and revenue for the company have rebounded to hit record quarterly highs, top executives for the travel-and-entertainment giant said early Friday. The good news …

The Federal Reserve’s instant-payment service, FedNow, is officially live with 35 banks and credit unions participating, the nation’s banking regulator announced early Thursday. The launch, which culminates four years of work since the Fed first announced its intention to build a real-time payments rail, comes as the payments industry moves …