Credit Cards

The big processor Worldpay has agreed to offer Klarna AB as a default payment method to its merchants around the world. Worldpay says it processed $2.3 trillion in volume last year for more than 1 million merchants worldwide. Visa Inc. announced it has agreed to provide real-time money-movement capability for users making deposits …

The evolution of artificial-intelligence tools toward countering credit card transaction fraud took another step with the launch of a new AI workflow from Nvidia Corp. Meanwhile, the RTP network from The Clearing House Payments Co. LLC finds that 90% of organizations’ counterparties whom they send to or receive instant payments …

The payments fintech SumUp said it has made Tap to Pay on iPhone capability available for clients in Sweden, Ireland, Austria, Czech Republic and Romania. The technology allows merchants to accept card payments with nothing more than an iPhone. Payment Solutions Providers Services Inc., a Canadian fintech, has agreed to acquire the …

Mastercard Inc. announced early Friday it is expanding its Installments payments program to all eligible digital points of sale within its network in the United States. The expansion will enable merchants, financial service providers, payment processors, and digital-wallet providers to present installment offers to consumers through any eligible credit card …

While the Consumer Financial Protection Bureau is being sued over its data-privacy rule, merchants remain optimistic the regulation will help them reduce the impact of swipe fees by making account-to-account payments widely available at the point of sale. The key is open banking, which paves the way to developing payment …

Fiserv Inc., one of the nation’s biggest processors, put up some notable growth numbers in the September quarter despite its size. How long it can maintain that momentum may depend on its ability to release new services and build on recent initiatives such as its SMB Bundle and Cashflow Central, …

Clearent by Xplor launched its payfac as a service product to help software companies more easily embed payment acceptance into their applications. Fiserv Inc. announced it has agreed to build financial services into the digital platform operated by DoorDash, the online delivery service. Payments provider Shift4 Payments Inc. announced it will acquire transactions for …

American Express Co.’s top brass early Friday stressed the company’s technology build-up in the red-hot restaurant category while stressing a need to spur cardholder spending overall as the card company presented its third-quarter 2024 results. Revenue in the quarter hit $16.6 billion, up 8% from the September quarter last year, …

Despite the number of data breaches during the third-quarter of 2024 declining 8% from the previous quarter, criminals are better armed than ever for carrying out these nefarious attacks, according to the Identity Theft Resource Center. One factor making it easier for criminals to initiate a data breach is the emergence …

Visa Inc. has restructured its money movement services under the Visa Direct portfolio, which now includes Visa B2B Connect, Currencycloud, Yellowpepper, and Visa Direct. Cash App, the peer-to-peer payment service and wallet from Square, said Lyft ride-share users can now pay for fares with Cash App. Truist Financial Corp. launched its Electronic …