Transaction Processing

Embedded financial services specialist Jaris Inc. has launched a merchant onboarding service for independent sales organizations, processors, banks, and platforms. The Jaris utility enables merchants to apply for payment processing services and a suite of value-added services, such as business lending, instant payouts and banking services, through a single, pre-populated …

For some processors, opportunity can abound among high-risk merchants shunned by acquirers that fear the potential losses. But losses can also abound if these relationships are not well-supervised, warned a panel of experts Tuesday afternoon. “There’s a balance between how much risk we’re going to take on and how to …

Fiserv Inc. has acquired CCV, a payments provider operating in Germany, Belgium, and the Netherlands, in a deal aimed at speeding the deployment of Fiserv’s Clover point-of-sale platform in Europe. Terms were not disclosed. Lightspeed Commerce Inc., a payments provider specializing in hospitality, launched an AI-based product that lets clients build …

CellPoint Digital announced early Tuesday Southwest Airlines Co. will begin using its cloud-native payment-orchestration platform. The platform, which launched last month, is designed for airlines and travel companies and supports multiple payment methods, including credit cards, travel credits, alternative payment methods, and Southwest Rapid Rewards frequent-flier points. Consumers can also …

On-demand delivery platform DoorDash Inc. says Dollar General Corp. is the latest retailer to accept SNAP/EBT online payments in the DoorDash marketplace. SNAP is the Supplemental Nutrition Assistance Program that uses its own electronic benefits transfer payments service. The Dollar General addition of more than 16,000 stores nearly doubles the …

Buy now, pay later provider Klarna AB announced early Monday it is partnering with digital wallet provider OnePay to be the exclusive provider of installment loans to Walmart Inc.’s customers in the United States. Klarna is replacing rival Affirm Holdings Inc. as the retailer’s installment loan provider. Affirm had been …

A recent NMI survey of 1,000 U.S. adults found that 71% of consumers want stronger fraud and security protection in 2025. Their top concerns when making payments? Data breaches (64%) and lack of control over how personal data is used (50%). This isn’t surprising. American consumers are more aware than …

The Independent Community Bankers of America said its ICBA Payments subsidiary is working with Mastercard Inc. to offer upgraded and enhanced card and payment services for 1,400 community banks. Mastercard will manage all cardholder communication and marketing while ICBA Payments will move its sponsored card programs to Mastercard at no cost and …

Square and Cash App parent Block Inc. announced late Thursday its Square Financial Services Inc. industrial bank has received approval from the Federal Deposit Insurance Corp. to make consumer loans through Block’s Cash App Borrow feature. Square Financial Services launched as a Salt Lake City-based, FDIC-chartered industrial bank in 2021 …

Buy now, pay later provider Zip Co. Ltd. is telling users it no longer will allow them to tap credit cards as a funding source. In an email this week, Zip says, “Starting in the next few weeks, you won’t be able to initiate new purchases through Zip using a …