Credit Cards

Mastercard Inc. is teaming with videogame-commerce company Xsolla in an effort to smooth online-gaming checkouts by enabling new payment options for Xsolla’s videogame platform, the card network said. Mastercard cardholders will be able pay for gaming purchasing using credit card loyalty points from participating merchants and issuers. They can also …

Bank of America Corp. said the 608 patents it received in 2022 was a record number and was 19% more than in 2021, with grants covering areas such as mobile banking and payments, machine learning, artificial intelligence, and other technologies. Kasheesh, a digital payments platform than enables consumers to split payments …

Seeking to entice small businesses to pay for purchases using their Visa business card, Visa Inc. on Wednesday launched Visa SavingsEdge, a program that rewards small businesses that have Visa business cards with savings and discounts on business-related services from about 60 merchants. The rewards and incentives include everyday savings …

A bill designed to allow merchants to have a choice of networks for routing credit card transactions failed to pass last year, but now international tensions could affect the proposed law’s prospects in the new Congress. The bill, called the Credit Card Competition Act, would mandate that merchants have a …

Cost surprises at checkout are the leading cause of cart abandonment, with 57% of consumers saying they walked away from checkout at least once in the past year because of unexpected delivery costs, according to a wide-ranging shopping report released by point-of-sale technology provider Verifone Inc., which surveyed 995 respondents globally. Price …

Merchant acceptance, payments, and network and financial technology were the key pillars propelling Fiserv Inc.’s better -than-expected organic growth during the fourth quarter and for fiscal year 2022. Organic revenue growth—growth apart from recent acquisitions—for the three core segments of Fiserv’s business increased 17%, 9%, and 5%, respectively, compared to …

Card-issuing platform Marqeta Inc. closed on its acquisition of Power Finance Inc., a credit card management service. The $275-million deal was announced Jan. 30. U.S. semiconductor maker MKS Instruments Inc. reported it is investigating a ransomware attack that happened last week, according to Reuters. The company said it is temporarily suspending operations at some its plants. A group …

Contactless payments have taken off in the United States and other markets in recent years, but now a piece of malware has emerged that can block wave-and-pay or tap-to-pay transactions and force users to insert their cards in a terminal instead, according to a new report by the Moscow-based global …

Banking and payments professionals should watch for action from the Consumer Financial Protection Bureau on key areas such as open banking, credit card late fees, fintech partnerships, and buy now, pay later plans, warns Strategic Resource Management, a consulting firm. American Express Co. released its American Express Business Blueprint, a digital cash flow management service …

E-commerce transactions for the 2022 holiday-shopping season bested predictions for growth, despite signs of a weakening economy, according to research from ACI Worldwide Inc. From October through December, online transactions increased 21% from the same period in 2021, besting pre-holiday shopping- growth estimates by six percentage points, says ACI. In …