Transaction Processing

The Consumer Financial Protection Bureau has become a much more active regulator of payments and other financial industries since the onset of the Biden Administration, and on Monday the agency lent further momentum to that trend. The 11-year-old federal agency is now asking for public comment on a proposal that …

Point-of-sale system maker TouchBistro released its 2023 “State of Restaurants” report that found 76% of restaurant operators changed their POS systems in the past year and 66% used a system with an integrated payment processing service. The study, now in its fifth year, was based on research from 600 full service restaurant …

Toronto-based Merrco Payments Inc., which specializes in cannabis-payments processing, is partnering with buy now, pay later provider Gratify Payments Inc. to enable cannabis merchants in Canada to offer BNPL loans as a payment option. Offering the installment payments is expected to help Canadian cannabis merchants upsell customers on accessories and …

The number of card-accepting merchant locations around the world reached a record high of 88 million in 2021, up 2% over 2020 as measures to fight the pandemic helped stoke consumer usage of payment cards rather than alternatives like cash, according to research released Monday by London-based research firm RBR. …

U.S. payments provider Shift4 Payments Inc. said it has now processed transactions in Europe on its SkyTab point-of-sale platform for restaurants and its VenueNext service for mobile ordering and payment at stadiums and other facilities. The company said it plans to launch the two platforms commercially in Europe next year. Kansas-based processor Euronet Worldwide Inc.’s epay …

Payments provider TreviPay has reached an agreement to acquire business-to-business payments processor Apruve for an undisclosed sum. TreviPay positions the acquisition as part of its ongoing global expansion plan to make payments faster and more flexible for its clients. It will also enable Overland Park, Kan.-based TreviPay to leverage Apruve’s …

As the holiday season continues and the cost-of-living rises, shoppers are searching for meaningful yet budget-friendly gifts for loved ones. Consumers need financial flexibility to make large purchases without using their entire paycheck to do so. Buy now, pay later solutions continue to rise in popularity as consumers search for …

Prepaid card platform Blackhawk Network Holdings Inc. launched its One4All gift card, a single gift card accepted at more than 100 merchants and restaurants. The card is issued by Pathward N.A., a unit of Pathward Financial. Matera, a Brazil-based instant payments and QR code payments company, opened an office in San Francisco …

Not all countries, companies, and persons will suffer equally from inflation in 2023, as Europe will see a decline in economic activity while the U.S. market will experience limited economic growth, forecasts the Mastercard Economics Institute. Food-service provider Sodexo North America’s InReach unit has contracted with payments provider Cantaloupe to upgrade 18,800 vending machiens and …

Airwallex, an Australia-based fintech, has partnered with Plaid Inc. to enable merchants in the United States to streamline transactions initiated through the automated clearing house. Airwallex merchants can leverage Plaid’s open-banking technology to authorize adding funds to their Airwallex wallet from an external bank account or to accept payments from …