Credit Cards

After more than two years, payments providers are still reeling from the chip shortage. Indeed, lead times for chips used in POS terminals and credit cards can be as long nine months, compared to six months a year ago, says Stewart Watterson, a strategic analyst for Aite-Novarica. Pre-pandemic, lead times …

To provide merchants in the United Kingdom and Europe with an international and domestic payout service, Paysafe Ltd. is integrating Mastercard Send into its platform. The deal will enable businesses in those regions to send payments to cards, bank accounts, and mobile wallets. Such capabilities are expected to be highly …

Dining-deal Web site Restaurant.com will work with payments provider Blackhawk Network to expand the site’s gift card program via Blackhawk’s online distribution network.SpotOn, a payments provider for restaurants, has been named a preferred technology partner by the New York State Restaurant Association.Amount, a fintech specializing in the rapidly expanding buy now, pay …

Payments platform ISVPay said it is working with Unattended Card Payments, a specialist in unattended hardware, on a full-service unattended payment service.Technology company Fobi AI Inc. has partnered with Barnet Technologies, a vendor of sales and inventory-management software, to launch Bevy Pass, a digital wallet for the retail liquor and hospitality industry.CAI Software LLC, …

While buy now, pay later financing has been a big hit with consumers, especially those who use the loans to increase their buying power or as a budgeting tool, they have come under criticism for increasing debt loads for consumers with shaky finances. That has given rise to the idea …

Blockspaces, a company that links businesses to blockchain networks, announced it will work with Cogent Bank to use the bank’s real-time, tokenized payment platform and other services.Digital-giving platform DipJar said it is releasing early access to DipJar Online, an online version of its in-person fundraising app.Digital payments provider One Inc said insurer Union Mutual …

Snarled supply chains and production shortfalls continue to plague the semiconductor industry, leading the Smart Payment Association to warn early Thursday that significant shortages in card deliveries will continue in the payments industry for at least another 18 months. What’s more, these credit and debit card deliveries that are being …

Chargebacks911 said it is working with AirlinePros, a distribution company for airlines, to combat chargebacks wrongly filed against air carriers as air travel continues to recover.In related news, the Mastercard Economics Institute estimated 1.5 billion more passengers will book flights in 2022 than did so last year, indicating a rebound for air travel …

Mastercard Inc. released what it says is its first music album, featuring 10 songs that include the melody of the card network’s advertising. The album was launched at the Cannes Lions Festival of Creativity.Processor Jack Henry & Associates said more than 250 financial institutions are now using its platform, JHS PayCenter, to …

POSaBIT Systems Corp., a point-of-sale system provider for the cannabis industry, announced a private placement of more than 5.8 million shares that generated approximately C$47.7 million ($3.6 million) that will help support its launch in eight U.S. state by year’s end.Corpay, a payments-technology unit of the U.S.-based payments provider Fleetcor, …