July 20 marks the one-year anniversary of the debut of FedNow, the Federal Reserve’s real-time payment service. It also marks the anniversary of the payments industry letting its breath out in anticipation of the launch. Since then, both FedNow and its fellow faster payments providers have all benefited from the …

Since the 2016 launch of same-day automated clearing house payments, the payment type has done nothing but grow. The 2024 second quarter is no exception, with the latest figures showing 292.3 million transactions, a 46.6% increase from 199.4 million in 2023’s second quarter, according to Nacha, which administers the ACH …

Merchants selling weapons like knives and collectible swords often have difficulty peddling them online, but Blue Payment Agency Inc. has launched a service to help do that while getting access to Shopify Inc.’s e-commerce platform. Announced Tuesday, the service from Windham, Maine-based Blue Payment Agency enables knife-selling Shopify merchants to …

U.S. online retail sales will continue their steady growth and continue to snare more overall retails sales, suggests the “2024 Online Retail Report” from FTI Consulting Inc. The research forecasts $1.2 trillion in U.S. e-commerce sales this year, up 9.1% from 2023’s $1.1 trillion. That forecast comes as online sales …

Point-of-sale technology company MagTek Inc. has lined up payments provider ExpiTrans as a reseller of its QwickPAY POS software. Meanwhile, Visa Inc. says its technology is ready for the start of the summer Olympics in Paris in two weeks. Seal Beach, Calif.-based MagTek says ExpiTrans will market its software to …

U.S. servicemembers who use the Military Star credit card will see a change in September as the closed-loop network it uses migrates to the Discover Global Network. The Exchange Credit Program issues the Military Star card, which is administered by the Army and Air Force Exchange Service, and has approximately …

With more than 40 locations across Louisiana, Mississippi, and Texas, CC’s Coffee House looked to provide its customers with what it saw as a more personalized ordering and loyalty service. It enlisted Paytronix Systems Inc. to support the launch of the CC’s Coffee House app, which incorporates ordering, loyalty, and …

Issuer-provided installment plans, such as American Express Plan It, My Chase Plan, and Mastercard Installments, are on par in popularity with in-store installment offers, finds Auriemma Group’s The Payments Report. American Express Co. was among the first issuers offering its own buy now, pay later plan, having launched it in …

Allegations that sensitive identification data managed by Israel-based AU10TIX could have been accessible outside of verified access are not fully accurate, AU10TIX says. The suggestion of a possible data exposure comes from a 404 Media report that says online administrative credentials were exposed for more than a year, according to …

Payments and commerce platform Nayax Ltd. is tapping the cloud to enable its EV CloudPay service designed for payments at electric-vehicle charging stations. Announced Monday, EV CloudPay enables motorists to pay for EV charging with a credit card, debit card, or mobile wallet via a physical payment-processing kiosk at charging …