Acquiring

The number of public charging stations for electric vehicles has nearly doubled over the past five years to more than 61,000, and that’s leading some major payments platforms to view these venues as an increasingly important market. In the latest development, EV Connect, a business-service provider for these stations, has …

Processor Jack Henry & Associates Inc. reported June-quarter revenue of $559.9 million, up 4.7% from the same quarter last year. Revenue for the 12-month period came to $2.22 billion, up 6.6%. Net income for the quarter totaled $101 million, a 3.4% increase; for the year ended June 30, $381.8 million, up 4.1%. …

As competition among payment orchestrators heats up, providers looking to separate themselves from the pack find themselves under pressure to offer points of differentiation, according to Datos Insights’ “Payment Orchestration Vendor Evaluation” report, released Tuesday. One key differentiator for payment orchestrators is smart payment routing, according to the report. This …

Having just launched earlier this month, PayPal Holdings Inc.’s Fastlane checkout has lined up processor and competitor Adyen NV as a partner. Designed to accelerate guest checkout flows, Fastlane is meant to help e-commerce retailers boost their conversion rates. Reducing friction in the guest-checkout process can help boost conversion rates for e-commerce …

Affirm Inc. said it will work with Hotels.com to allow consumers to book rooms and pay over time. The move builds on Affirm’s existing partnerships with Expedia Group. Shopping-app installs increased 61% in the first half of the year compared to the same period last year, according to Adjust’s shopping-app insights report. myKaarma, …

Merchants want lower interchange. In their Shangri-la, interchange would be negative, meaning merchants would be paid to accept credit and debit cards. This is not unknown in the real world. For example, Australia’s national debit network for many years had negative interchange. Merchants want to be able to freely surcharge …

Interac Corp., Canada’s national debit network, said 69% of Gen Z Canadian adults have embraced the mobile wallet, while 63 % prefer to leave their physical wallet at home for short trips, according to a recent survey. Gen Z’s use of mobile wallets outpaces all other generations including Millennials (60%), …

While merchants, like consumers, love credit and debit cards, they don’t like having to pay to accept them. It’s human nature to want to pay less for products and services, no matter how good they are. To reduce payment-acceptance fees, merchants have brought a battery of antitrust lawsuits against Mastercard …

Flexa, a digital-currency platform, has launched Flexa Components, a program aimed at easing wallet-based point-of-sale payments with cryptocurrencies. In related news, gift card platform Raise said it will accept cryptocurrency in its Raise App, used by 6 million consumers, according to the company. Payments-technology provider Sionic has launched a fraud-detection and mitigation service aimed …

U.S. third-party developers soon will have new capabilities to access the secure element piece of Apple Inc.’s iPhone when iOS 18.1 eventually is released, a move that could herald further app development and cement Apple’s position among mobile-wallet providers. Apple, without fanfare, revealed this long-desired access Thursday in a simple …