For the second time, PayPal Holdings Inc. has prevailed against the Consumer Financial Protection Bureau. This time, the case involved the Bureau’s effort to require PayPal to make disclosures regarding its fees associated with digital wallets. U.S. District Judge Richard Leon ruled Friday that wallets are not prepaid cards and …

The transaction-cost savings and tender steering provided for in the big interchange settlement reached earlier this week will be worth hundreds of millions of dollars annually for major merchants and the big mobile-wallet providers, according to estimates provided to Digital Transactions News by San Carlos, Calif.-based payments researcher Crone Consulting. …

Apple Inc. early Thursday said it has “fully complied” with a federal court ruling requiring the technology giant to permit app developers to process payments outside of Apple’s own system. The response came after five major technology companies on Wednesday filed a petition with the court protesting that Apple’s compliance …

McDonald’s Corp. on Sunday showed signs it had largely recovered from a widespread system outage that began early Friday and shut down service, prevented card payments, and scrambled digital orders for hours at thousands of restaurants around the world. Now, the company is seeking the cause and promising to hold …

The Consumer Financial Protection Bureau released its proposed rule on mobile wallets back in November, and comments on it closed Jan. 8, but that doesn’t mean the proposal isn’t still stirring up discussion as lawmakers, payments experts, and technology firms wrestle with its implications. The rule, which would define so-called …

With the proliferation of smart phones, mobile wallets have been specializing in recent years as businesses find ways to work them into their payments stream and consumers find the devices impossible to leave behind. Now, mobile payments are coming to the world of electronic games in bars and restaurants. TouchTunes …

The restaurant and related hospitality market has attracted plenty of attention the past few years from payment platforms, rendering the market one of the hottest in the field of digital payments and marketing. And the trend shows no signs of cooling off, as processors and related service providers look to …

The news nearly three weeks ago that Capital One Financial Corp. is looking to acquire Discover Financial Services stunned the payments industry. But even if the $35.3-billion deal closes in the coming months it will represent a notable exception in the middle of a continuing slowdown in merger-and-acquisition activity in …

Bruce Lowthers has been a man on a mission since taking over as chief executive at a struggling Paysafe Ltd. nearly two years ago, and early on Thursday he laid out an agenda for the work his company has yet to do. While he touted some improvement so far, “there …

The big Montreal-based processor Nuvei Corp. has had a busy year since its headline acquisition early in 2023 of Atlanta-based Paya Holdings Inc., and late on Tuesday it disclosed how that activity has helped buoy its financial results. Nuvei, which was known until 2018 as Pivotal Payments, reported it processed …