You wouldn’t always know it, listening to the top executives at Visa and Mastercard, but these two rival networks are still chiefly card networks. Thursday morning, Mastercard Inc. laid out for equity analysts an update on what it has called its “multirail strategy,” major moves into account-to-account money transfers, real-time payments, …

Everyone has heard of Amazon, but there’s less talk about Canada’s Shopify Inc., even though the fast-growing, Ottawa-based commerce platform now ranks second to Amazon in share of retail e-commerce sales, with 8.6% versus 39% for the Seattle-based giant, according to eMarketer. On Wednesday, Shopify issued an update on just …

Payments companies took a beating as the pandemic raged, but Visa Inc.’s top brass indicated Tuesday afternoon the big network has put the worst behind it. “We believe we are at the beginning of the end of the pandemic,” said chief executive and chairman Al Kelly as he pointed to …

Fiserv Inc. announced Tuesday morning it will enable QR code payments for consumers using PayPal or Venmo at merchants Fiserv processes for through its Clover devices or Carat omnichannel payment systems. Users of the PayPal or Venmo app will scan a QR code with their phone and can receive a …

Back in March, Paya Holdings Inc. chief executive Jeff Hack indicated his company is eager to build out vertical markets for its processing services, and on Monday it announced a deal that will do just that for Paya’s ambitions in the health-care and non-profit markets. Atlanta-based Paya said it has …

American Express Co. early Friday indicated growth rates for total network volumes, while still negative, have rebounded to first-quarter 2020 levels as economies re-open, anti-Covid vaccinations progress in major markets, and consumer travel recovers. “Our overall core business performance was slightly better than our expectations,” said AmEx chief executive Stephen …

Deluxe Corp. is best known as the largest supplier of checks in the United States, but early Thursday it showed how serious it is about staking a major claim in digital payments. The Shoreview, Minn.-based company announced it has agreed to pay $960 million in cash for First American Payment …

The buy now, pay later trend has eased online purchases for consumers over the past year, but at the other end of those transactions is the flow of returns after buyers get their merchandise. Now Affirm Holdings Inc., a leading player in the fast-growing BNPL arena has attacked the issue with …

Saturday has come and gone, and it appears plenty of gas stations—including many branded by major oil companies—are still falling short of chip card acceptance at the pump, despite a deadline for EMV compliance that fell on April 17. Some 48% of fuel and convenience-store sellers have complied with the …

Faster-payment volume soared 88% on the nation’s automated clearing house network in the year’s first quarter compared to the same period in 2020, Nacha reported Thursday. Transactions processed the same day they were initiated totaled 141.1 million, compared to 75 million in last year’s March quarter, the last period before …