Credit Cards

Merchant Machine, a United Kingdom-based payments information and comparison site, issued a report on contactless transaction limits around the world. Only two nations, Ecuador and the United States have no limit, though banks or merchants may set their own limits, Merchant Machine said. Payments-technology provider BHMI announced an entity-relationship component for its …

The buy now, pay later platform Klarna AB launched “conscious badges,” which allows users to access information on greenhouse gas emissions and other environmental factors regarding contemplated electronics purchases. Payments provider Get Beyond said it has added a channel-sales division to be led by Shawn Lally, who will report to chief executive Mike Peters. …

GasBuddy LLC, a fuel-savings platform, announced its Pay with GasBuddy program has now attracted more than 2 million members since its launch in 2017. The program includes a Pay with GasBuddy card linked to the user’s checking account. Users receive a discount of up to 25 cents per gallon when paying at …

PayNearMe Inc. announced Tuesday it is expanding its iGaming footprint through a deal with Lottery Now Inc., which operates the Mido Lotto lottery. Consumers playing Mido Lotto, which is available in nine states, according to the Lottery Now Web site, will be able to purchase tickets with, as well as …

Snack POS, a provider of restaurant software, has fortified its position in the hotly competitive restaurant point-of-sale payments market through a partnership with POS terminal maker Sunmi Technology Co. The deal will enable Snack POS to offer Sunmi’s POS and mobile devices to restaurants. Sunmi’s devices are designed to help …

With a rapidly growing market, increased competition, and more ways to advance than ever on the front end, payments organizations around the world are finding it hard to keep up with changing consumer demands. The success of the industry, although often celebrated, does not negate the sheer pressure that back …

Bruce Lowthers came over from FIS Inc. last spring to run a stumbling Paysafe Ltd., and in the ensuing months the new chief executive delivered a series of candid assessments of his new company. “Bluntly, we’ve lost our way here,” he told equity analysts in November, adding, “We’re impeding our …

Silvergate Capital Corp. said it will wind down its operations and return deposits to customers after it was forced to sell assets at a loss. Silergate last year acquired the assets of stablecoin venture Diem Group, formerly known as Libra. U.S. retail sales in February, excluding automotive, were up 6.9% from February 2022, …

Shift4 Payments Inc. has been cementing its position as a major payments provider for stadiums and arenas, and early on Wednesday it announced a big move into a closely related market: online ticketing. The Allentown, Pa.-based processor said it will handle payments for all tickets sold through Premier Productions’ iTickets.com …

Among some 108 banks in North America, Europe, and Asia-Pacific, nearly half indicate they have lost at least 10% of their payments volume to fintechs, according to an Aite-Novarica report supported by payments platform Finastra. As a result, some 65% plan to make a significant or moderate investment in payments technology …