Credit Cards

Intuit Inc., developer of the QuickBooks accounting software and related services for small businesses, embedded itself further into the payments business on Wednesday when it unveiled QuickBooks Money. The free product allows businesses to send invoices accepting payment choices including credit, debit, automated clearing house, PayPal, Venmo, and Apple Pay …

E-commerce platform Wix.com Ltd. looks to make it easier for its merchants with stores to accept physical payments with the debut of Tap to Pay on Android. The technology, coming from Stripe Inc., means merchants can accept contactless payments with a regular Android smart phone and no additional hardware. Tap …

Some 90% of businesses are “concerned” about whether they will be able to meet a March 2025 deadline for compliance with PCI DSS 4.0, a newly updated payments-security standard, according to a survey from payments-security firm Bluefin and S&P Global Market Intelligence. The survey was conducted during the second quarter and included …

According to Juniper Research, 360 million people worldwide used Buy Now, Pay Later (BNPL) in 2022. With such an expansive consumer base, BNPL has also become an effective tool for merchants to attract new customers and increase conversion rates. However, the widespread use of BNPL has raised concerns regarding transparency …

Prepaid card platform Blackhawk Network said it is working with Visa Inc. to convert its Visa-branded cards from plastic to paper-based materials. Payments provider Central Payments released PayCP, its payout platform that initially includes a virtual Discover prepaid card, a physical Discover prepaid card, push to debit cards via Mastercard Send, and ACH bank …

Infinicept, a provider of embedded payments, Tuesday introduced Launchpay, a payment facilitator (Payfac)-as-a-service model for software companies not yet ready to become full-scale payment facilitators. Payment facilitators allow customers to accept electronic payments using their platform through a master merchant account. Examples of Payfacs include Block Inc.’s Square merchant-processing unit …

Mastercard Inc. denies an assertion it intends to raise interchange rates in October following an Aug. 30th story in The Wall Street Journal about interchange rate adjustments expected from Mastercard and Visa Inc. in October and April. Mastercard said the article relied on a report from an advisory firm that is advocating for legislation that …

Otto, a business and payments platform for veterinary practices, announced a $43-millon Series B equity-financing round. The company, formerly called TeleVet, now claims more than 8,000 clinics. Nexo introduced its Nexo Card, a Mastercard-branded card that allows holders to use as either a credit or debit card on each transaction, with …

Debit cards are the most widely used form of payment, while credit cards rank a distant third, a new study from J.D. Power says. Some 78% of consumers use debit cards at the point of sale, followed by cash (74%) and credit cards (66%), according to the survey. Other forms …

The shares of Visa Inc. and Mastercard Inc. reached all-time highs Wednesday following a report from The Wall Street Journal that the two major card networks plan to raise interchange and network fees in October and April. Visa closed at $246.23 per share, and Mastercard at $413.91. The networks have historically introduced new pricing …