Credit Cards

Mastercard Inc. executives are paying close attention to a new proposal in the U.S. Congress that could alter merchant choice in routing credit card payments. Concurrently, its earnings are riding the crest of a wave that includes consumer spending and the resurgence in travel. A bipartisan bill sponsored by senators Richard …

With a pair of U.S. Senators preparing to introduce a bill that would allow merchants to process Visa and Mastercard credit card payments over other networks, payments experts reached by Digital Transactions News are sharply divided on the idea. The bipartisan bill, sponsored by Richard Durbin, D-Ill., and Roger Marshall, …

Daystar Payments has launched as a payments processor aiming to sign 1,000 independent sales organizations by the end of 2023, with a focus on attracting minority-owned businesses.Weave, a provider of customer-communication technology, launched a buy now, pay later platform for health-care providers. The company introduced a payment-processing platform in late 2019.The Strawhecker Group, …

Visa Inc. late Tuesday reported a continued recovery in cross-border payments, double-digit increases in U.S. payments volume, and no let-up in the industry’s general shift to contactless payment. It also faced a question regarding Visa Direct and its links to instant peer-to-peer payments services that the Consumer Financial Protection Bureau …

Consumers making a mobile payment at least once a week increased to 58% in the first half of 2022, compared with 46% in the same period in 2021, according to ACI Worldwide Inc.’s latest 2022 ACI Speedpay Pulse survey.E-commerce specialist Signifyd said a survey it commissioned found that 66% of respondents cut back their …

Merchant acquiring is Fiserv Inc.’s largest and fastest-growing business, and in the second quarter it showed no signs of slowing down. Driven by technologies like Clover, a set of point-of-sale gear, and Carat, a fast-growing commerce platform, the acquiring unit posted $1.9 billion in revenue in the quarter ended June …

Waitr Holdings Inc., which is changing its name to ASAP, said it will be the exclusive mobile ordering platform for the New York Giants, New York Jets, and MetLife Stadium, the venue shared by both teams.The worldwide tokenization market is forecasted to grow from $2.6 billion in 2021 to $12.7 billion by …

Datacap Systems Inc. said it is working with gift card provider Card Market to enable Datacap partners to order custom gift cards for Datacap Gift, Datacap’s new omnichannel gift platform.E-commerce platform Promenade Group expanded its service to include Promenade for Butchers that includes a Web site, online ordering, delivery options, marketing, back-office management, …

Network volumes and interchange revenues posted hefty increases at American Express Co. in the second quarter as consumers and businesses spent more while a recovery continues from the Covid-19 pandemic that hit two years ago. AmEx reported Friday that its network volumes totaled $394.8 billion in the quarter ending June …

Payments provider Celero Commerce announced it is the preferred processor for the Nashville Predators of the National Hockey League.Datacap Systems Inc. and PAX Technology Inc. announced an integration partnership. Datatcap’s software is now certified on multiple PAX devices.Payments provider ACI Worldwide Inc. extended an agreement with analytics firm IR for real-time transaction monitoring.Marriott International announced …