Competitive Strategies

The Real Time Payments network operated by The Clearing House Payments Co. said early Wednesday it will raise its transaction limit to $10 million, a tenfold jump from the current $1-million cap. The new limit will take effect Feb. 9, following a 60-day notice period required by The Federal Reserve. …

ATM maker Diebold Nixdorf Inc. said two bank clients in Central Asia are the first to launch ATMs using Microsoft Windows 11. Block Inc.’s trio of payments platforms—Square, Afterpay, and Cash App—processed a record 144 million consumer transactions over the Black Friday through Cyber Monday period, up 17% from the same time …

Online sales continued to surge on Cyber Monday, totaling $13.3 billion and up 7.3% from Cyber Monday last year, according to Adobe Digital Insights. During the peak shopping hours of 8 p.m. to 10 p.m., consumers spent $15.8 million per minute. Cyber Monday capped a strong five-day sales period from …

The latest J.D. Power U.S. Small Business Credit Card Satisfaction Study finds that 46% of small businesses that use credit cards say their financial state is better than it was a year ago, with most—49%—describing it as about the same. The study delved into how small businesses use credit cards, …

Payments acceptance provider Evolv Inc. said it will acquire payments provider EnzoPay and rename it Evolv Mid-Atlantic. Terms were not disclosed. The Fiserv Small Business Index dropped two points to 144 in November from October. Year-over-year small business sales increased 4.8% and total transactions were up 9.1%. Month-over-month sales were down 1.6% and transactions …

Artificial intelligence emerged last year as a trending technology in payments, and now differences are starting to emerge in how businesses are viewing and deploying the technology, with small businesses showing the most enthusiasm, a new report from the big Atlanta-based processor Global Payments Inc. shows. In fact, some 94% …

Point-of-sale systems maker Lightspeed Commerce Inc. announced a reorganization that will “impact approximately 200” employees. The savings from the move will be “redeployed” to other, unspecified areas of the company, Lightspeed said. Processor Priority Technology Holdings Inc. has filed a shelf registration statement with the Securities and Exchange Commission. The move will allow the …

Digital-payments platform Flexa is working with Electric Coin Co., to integrate Flexa technology into Electric Coin’s Zcash wallet in an effort to ease the use of digital currencies at U.S. retail locations that use Flexa technology. Licel Corp. said its Virtual Trusted Execution Environment (vTEE) has been approved by the standards body EMVCo …

Hospitality platform provider PushX Inc. will launch its new mobile-payments and offers platform with a bar crawl it says is designed to showcase the customer experience, how merchants can push offers, and how it could enable faster service. Chicago-based PushX says the hospitality platform, announced Tuesday, can help consumers discover …

Discover Financial Services said it will file restatements of “certain prior period financial statements” and will “as soon as practicable” after that conduct a special stockholder meeting to vote on the company’s proposed merger with Capital One Corp. The proposed merger was announced early this year. Vault, a Canada-based financial platform, has initiated …