Issuing/Originating

One of the country’s biggest merchant associations on Monday joined a growing chorus of voices arguing fee increases planned by the major card networks for this month will exacerbate inflation. “American consumers are struggling under the worst inflation in four decades, and these increases would only make the situation worse,” …

Sila Inc., a software platform for fintechs, launched Instant Settlement, a service that offers immediate access to automated clearing house debits executed on its platform.Canada-based business-to-business payments platform Versapay announced it has closed on its acquisition of U.S.-based DadeSystems, an accounts-receivable software specialist. Terms were not disclosed.Synchrony Financial reported first-quarter net earnings of …

Revolut Ltd. continues its expansion in the United States, announcing on Friday it is partnering with technology infrastructure provider Cross River Bank to expand access to financial services to Revolut customers in the U.S. and enable Revolut to scale and expand across business verticals in the country, including credit.  As …

Restaurant chain Everbowl said it will accept franchise-fee payments in Bitcoin starting today. The 6-year-old company has 50 locations and plans to open more than 150 additional ones over the next three years.Gemini, a cryptocurrency platform to buy, sell, earn, and store crypto, said its Gemini Credit Card is now available in …

The microchip shortage that has plagued point-of-sale terminal makers since the onset of the Covid-19 pandemic shows no signs of abating. Despite forecasts that chip supply would not begin to start catching up to demand until mid-2022, terminal makers should continue to plan for shortages at least through 2023, according …

Everyware Worldwide Inc., a contactless payments and customer engagement company, announced its Pay By Text service, which enables consumers to use a cell phone number to make a payment. The service relies on Visa Inc.’s Token ID service.Insurity’s Sure Claims Payments platform will provide digital-payment options on workers’ compensation claims for Victory …

After setting an all-time high in 2021, data breaches show no signs of slowing down in 2022. The number of known data breaches in the United States during the first quarter of 2022 totaled 404, a 14% increase from the same period a year earlier, according to the Identity Theft …

Fiserv Inc. said Arkansas Federal Credit Union now offers the Zelle peer-to-peer payment service via Fiserv.Till Payments, an Australia-based payments-technology provider, said it is marking its official debut in the North American market at this week’s Electronic Transactions Association conference in Las Vegas. In January, Till acquired Zips, the payment-processing unit …

Payments gateway BridgePay Network Solutions LLC said is working with Visa Inc.’s TokenID technology to provide network tokenization to all clients using all processors.Paysafe Ltd. said it is expanding its working relationship with international gaming operator Betsson Group to support traditional and alternative payments for the new Betsafe online sportsbook for Colorado.Everi Holdings …

A serious expansion of the Zelle peer-to-peer payments network or just saber rattling to get a better deal from the card networks? That’s one question raised by payments-industry experts after The Wall Street Journal reported Wednesday that Bank of America Corp. and Wells Fargo & Co.—two of the seven big financial institutions …