The Clearing House Payment Co. LLC, operator of the Real Time Payments network, said Wednesday that more financial institutions are making use of its Request for Payment capabilities. Request for payment has been a feature of The Clearinghouse’s real-time payments network since it launched more than five years ago. The …

Consumers plan to increase the number of gift cards they purchase this year by 12%, compared to 2022, and increase the value loaded on those cards by 7%, according to research from card platform Blackhawk Inc. released Tuesday. Blackhawk’s survey found that 37% of respondents have purchased more gift cards …

Bluevine Inc., a provider of business-banking technology, has launched an accounts-payable solution for small and mid-size businesses. The application enables SMBs to manage bill payments from their Bluevine Business Checking account. SMBs can upload bills and invoices to a dashboard for viewing and to schedule payments. Supported payment options include …

The big payments processor Fiserv Inc. is partnering with Amazon.com Inc. to enable credit and debit card holders enrolled in Fiserv’s uChoose rewards program to redeem points on Amazon.com. Cardholders enrolled in uChoose and the Amazon Shop with Points program can redeem rewards for all or part of their purchases …

Shift4 Payments Inc. said early Thursday it will pay restaurants a dollar for every online order they receive across the first three months that they use the company’s SkyTab POS system. Shift4 contends it is making the move in response to what it calls junk fees charged by other payment …

The latest battle in the war over the proposed Credit Card Competition Act has focused on the question whether the legislation would cut rewards and other benefits for cardholders. Citing research from the consulting firm CMSPI, the Merchants Payments Coalition, a lobbying group for sellers, argues that passage of the …

Discover Financial Services late Wednesday reported net income of $901 million for the second quarter of 2023, down 18% from a year earlier. Credit card loans for the quarter totaled $94 billion, a 19% year-over-year increase. As part of its earnings statement, Discover stated that “the comparative prior quarter ended …

Risk-management technology provider Feedzai has harnessed artificial intelligence with the introduction of Railgun, its latest fraud-detection engine. What differentiates Railgun, according to Feedzai, is that it taps real-time data such as customer behavior patterns and the use of specific cards across merchant networks over longer periods of time. As a …

From ordering and payments to reward redemption consumers want a simpler shopping experience, according to research from Fiserv Inc. To meet demand, merchants and restaurants should provide more omnichannel experiences, retailer apps, and embedded payment options that add value. Buy online, pick up in store (BOPIS) is one way merchants …

Shift4 Payments Inc. continues to assert its position as a leading processor for sports teams and arenas. The Allentown, Pa.-based company announced Monday it will process ticket sales for the Florida Panthers of the National Hockey League through a partnership with SeatGeek, the Panthers’ mobile-based ticketing platform provider. The deal …