Credit Cards

It’s no secret that electronic payment methods have systematically eaten away at check volume in the United States, but now new data from the Federal Reserve shows just how far that trend has gone.  A total of 16 billion checks were written in 2018 for a total value of $26.2 …

PayPal Holdings Inc. announced it has signed a commercial agreement with MercadoLibre, a major e-commerce marketplace in Latin America. As part of the deal, PayPal will become a payment choice in the Mercado Pago online checkout for customers in Brazil and Mexico, a move PayPal says could lead to PayPal users getting …

Citcon USA LLC said it prevailed in a lawsuit against Canada-based RiverPay Inc. over allegations of misappropriation of source code trade secrets. Citcon, which helps North American merchants integrate Chinese mobile wallet acceptance, sued RiverPay in 2018 in the U.S. District Court for the Northern District of California because it said RiverPay …

On Track Innovations Ltd., a provider of payments technology based on near-field communication, announced it raised $2.5 million in a private placement of shares.Digital-banking and payments-processing technology provider i2c Inc. launched a mobile app and cardholder Web site it says are designed to help persons who have color-blindness conduct digital banking.TriumphPay, a …

Fleetcor Technologies Inc., a payments processor for fleet-fueling cards and other products, issued a statement contesting a Federal Trade Commission lawsuit filed against the company Dec. 20 and asserting it will “vigorously” defend itself against the agency’s complaint in court. The FTC alleges Fleetcor charged customers “at least hundreds of millions of …

Proponents of credit card surcharging have received a Christmas present in the form of an Oklahoma attorney general’s official opinion declaring the state’s no-surcharging law unconstitutionally restricts free speech. The development means surcharge bans remain in only four states. State Sen. Michael Brooks, D-Oklahoma City, asked Attorney General Mike Hunter …

East Coast convenience-store and gas-station chain Wawa Inc. reported Thursday that it discovered malware on its payment-processing servers that may have affected all of its 850-plus locations. And at least two more municipalities using the Click2Gov online-payment platform recently have reported possible data compromises. Wawa, Pa.-based Wawa said it discovered …

InComm, a provider of payments processing for the prepaid market, launched its Vanilla Visa prepaid and gift cards in Mexico.Levelset, a payments provider for the construction industry, announced a $30-million funding round led by Horizons Ventures.Butterfly Network Inc., provider of a handheld ultrasound application for mobile devices, said its technology …

Chip-based transactions at the point of sale totaled more than non-chip payments for the first time in 2018, just three years after the United States began in earnest to convert payment cards and point-of-sale devices to the EMV chip standard, according to the latest Federal Reserve Payments Study, released Thursday.  …

EVO Payments has agreed to enable merchants it serves in the United Kingdom and Ireland to process transactions on the Discover, Diners Club International, and affiliate card networks. Merchants served by EVO in other markets are expected to come online for Discover in 2020.Antivirus protection provider Avast said a survey it …