When cryptocurrency prices rise, spending may dip, but only for a short time before users accelerate their purchases with Bitcoin and other digital coins, according to a report released Thursday by BitPay Inc., an Atlanta-based payments-service provider for crypto users and crypto-accepting merchants. The ”2024 BitPay Spending Report,” which covers …

The top management at Global Payments Inc. said early Wednesday the company is beginning to reap the benefits it planned for when it paid $4 billion to acquire EVO Payments Inc., a processor with international merchant connections. The deal, which is now more than a year past its closing date, …

Capital One Corp.’s chief executive late Thursday struck back against concerns that the banking giant’s proposed acquisition of Discover Financial Services will dampen competition in banking and payments. “The facts will show there are no barriers to entry in the credit card business,” declared Richard Fairbank as he fielded questions …

Visa Inc. said early Thursday it has joined a network of service providers maintained by Amazon.com Inc. The e-commerce giant’s AWS Partner Network will enable Visa to reach new clients for its payment services, particularly fintechs and independent software vendors (ISVs) accustomed to operating through cloud computing, Visa said. The …

Fiserv Inc. has been an acquisitive payments processor in recent years, but it’s a deal the company concluded nearly five years ago that is energizing growth at the company. Fiserv’s $22-billion acquisition of First Data Corp. in the summer of 2019 brought Clover, a set of point-of-sale technologies that today …

The buy now, pay later specialist Klarna AB signaled its intention Wednesday to issue a new credit card in the U.S. market. The company said it has opened a waitlist for the product, which it calls a “new and improved Klarna Card.” The new Visa card, which does not offer …

Bitcoin was designed to be a medium of exchange, like dollars, but it has become over time more like an investment, such as gold. Now, Bitcoin investors and consumers alike face an event that will significantly affect the value of their holdings, drive up Bitcoin’s price, and affect the digital …

Restaurants are roaring again, and now the companies that enable digital payments for them are setting their sites on the biggest chains. Two major players, Toast Inc. and Qu POS Inc., separately announced early Thursday initiatives aimed at bolstering their positions with regional and national restaurateurs. The moves come as …

Payments fraud takes many forms, forcing banks and processors to adopt fresh tactics. But sometimes the technology to prevent fraud can be expensive enough to wipe out any near-term expectation of return.  Early Monday, Oracle Corp. launched Oracle Financial Services Compliance Agent, a platform it says can leverage artificial intelligence …

The wild—and somewhat unpredictable—swings in value that beset digital currencies have begun to lead major payments players to consider a promising alternative: stablecoins, so named precisely because their values are pegged to a national currency, such as the U.S. dollar. Early on Thursday, PayPal Holdings Inc. and Ripple Labs Inc. …