An ongoing controversy regarding consumer losses to authorized but fraudulent transfers on the Zelle peer-to-peer platform has stirred at least some of the country’s biggest banks to work out a range of solutions, including wider adoption of scam defense and detection technology, sources tell Digital Transactions News. This development comes …

A prominent merchant trade group on Thursday began running a TV commercial that uses Visa Inc.’s sponsorship of the FIFA World Cup to decry credit card acceptance fees and advocate for a bill backed by Sen. Richard Durbin, D-Ill., that would regulate those costs. The 30-second commercial, which lays heavy …

The surge in online shopping touched off by the pandemic has turned out to be something of a mixed blessing for smaller merchants. While it brought in a wave of new shoppers, it has also exposed a rising problem with glitchy checkouts at times of high demand, according to a …

As the market for real-time payments continues to develop in the United States—and as the Federal Reserve prepares for a commercial launch of its own real-time network next year—The Clearing House Payments Co. is celebrating the five-year anniversary this month for its own nationwide service. “We keep plowing forward,” Jim …

Merchants in the United States that use Square’s point-of-sale technology and also accept American Express will be getting a credit card from Square in coming months that will run on AmEx’s network. The so-called Square Credit Card is said to be the first credit card the Block Inc. unit has …

Varo Bank early Tuesday announced it has become the first digital neobank to be admitted to the Zelle peer-to-peer payments network. The bank, a unit of the 7-year-old, San Francisco-based Varo Money Inc., said it will now offer payments via Zelle through its mobile app. “Adding Zelle to our product …

Few merchant markets are more competitive these days than hospitality, particularly restaurants, a state of affairs that only gained intensity with the onset of the pandemic. But at the same time, the drive among eateries to install modern payment-processing technology has lent impetus to many point-of-sale technology providers and processors …

Former FIS Inc. executive Bruce Lowthers took over as chief executive of Paysafe Ltd. in May, and since then he’s had to work to steady a stumbling processing giant. His early assessment of his new company wasn’t pretty. “Bluntly, we’ve lost our way here,” he told equity analysts in August. …

The tech giant Oracle Corp. early this summer launched a cloud-based payments-processing service aimed at the hotly contested restaurant market, and early on Wednesday the company added a handheld device for servers to use tableside. The new terminal, dubbed the Oracle Micros Simphony mobile order and pay device, runs on …

The Clearing House Payments Co. LLC early Tuesday issued a white paper alleging that federal regulators are effectively blocking national banks from issuing stablecoins. This is despite the agencies’ own conclusion that the banks have the authority to issue the digital currency, the paper says. The paper also follows an …