Transaction Processing

Instacart, a technology provider for the grocery industry, announced that four grocery companies — Sprouts, Harmons, The Save Mart Companies, and Rosauers — have adopted Instacart Storefront Pro, an e-commerce platform aimed at grocers. More than 600 retailers are using Instacart’s e-commerce technology, the company says. Payments provider Priority Technology Holdings Inc. reported September-quarter merchant bank-card …

The Blackhawk Network has entered the digital card space with the launch of Visa- and Mastercard-branded e-gift cards that can be used in-store and online. The launch builds on consumers’ growing preferences for QR-code and tap-to-pay technology, the prepaid card company says, as both technologies help streamline the payment process …

Recent headlines prove that payment fraud continues to pose an ever-growing threat to businesses of all sizes. As payment methods evolve, so do the sophisticated tactics employed by fraudsters, creating a payment-protection predicament for businesses. According to the Association for Financial Professionals, 80% of organizations were victimized by payment fraud in 2023, …

Processor Shift4 Payments Inc. said it will integrate payment-issuance technology from payments provider ConnexPay for online travel agencies operating in the United Kingdom and Europe. The Dow Jones Industrial Average gained 1,100 points in early trading Wednesday as at least five payments companies—including Visa Inc. and American Express Co.—reached all-time highs. The skyrocketing market …

The push to make cryptocurrency a mainstream payment option got a boost early Tuesday as terminal maker Ingenico announced it is partnering with cryptocurrency exchange Crypto.com to accept cryptocurrency through its Axium Android terminals. Merchants accepting cryptocurrency through the Ingenico terminals can settle transactions through their Ingenico merchant wallet in …

Card issuing platform Marqeta Inc. said it had a total processing volume of $74 billion in the third quarter, a 30% year-over-year increase. Marqeta also reported $128 million in revenue in the quarter, a 17.4% increase from $109 million a year prior. It posted a quarterly loss of $28.6 million, almost half …

More than a year after spinning off a majority interest in the massive Worldpay merchant-processing platform, FIS Inc.’s top brass said early Monday the move is already paying off. And the company is revving up its acquisition engine again, with $1 billion committed to do deals this year. For now, …

Gopuff, the online food and beverage delivery platform from GoBrands Inc., is now accepting SNAP payments (Supplemental Nutrition Assistance Program) for online orders nationwide. The deal makes Gopuff the first online delivery platform provider to receive approval from the United States Department of Agriculture to accept SNAP payments. As part …

Artificial intelligence platform Coveo said it will provide AI commerce services to Shopify Inc. enterprise customers. NCR Atleos Corp. announced Rontec, a Shell and Esso BP station operator in the United Kingdom, has extended its agreement to use Atleos for ATM operations at 267 gas stations. The Access Group, a United Kingdom-based developer …

The latest controversy about the law, which passed in June, revolves around a study from the Electronic Payments Coalition that says the largest merchants stand to see millions of dollars in interchange relief from the law, while small merchants would receive minuscule savings by comparison. Released late Wednesday, the EPC …