Transaction Processing

The interest in buy now, pay later (BNPL) skyrocketed in 2021 and 2022: Millions of people have turned to this installment-payment solution for its convenience, flexibility, and simplicity. So it’s no surprise that Apple announced its new BNPL product, Apple Pay Later, in June. With its new financial service, the …

Wedge Financial Inc. said its app, which lets users spend funds from multiple fiat accounts and assets using a single card, has joined Fiserv Inc.’s AppMarket. Work at the New York Fed under an initiative called “Project Cedar” means the United States has officially moved from the “research” phase to the …

EzFill Holdings Inc.’s specialty is sending one of its mobile fuel trucks to a driver’s location, thus eliminating the hassle to the driver of having to get to a gas station to fill up the car or a fleet of vehicles. Now, EzFill has launched a new one-time payment service …

FIS Inc., one of the world’s largest payment processors, is undergoing more changes at the top. Jacksonville, Fla.-based FIS will replace its existing board structure, where Gary A. Norcross, chief executive, also was board chairman, with an independent director as the chair beginning Dec. 16. Replacing him as chairman is …

Afterpay, the buy now, pay later service owned by Block Inc.’s Square, is the one most used by Gen Z consumers—those between 18 and 25 years old—according to a survey from Insights in Marketing, a marketing consultancy, with 58% of them having used Afterpay. Next was Klarna at 44%; Affirm …

Prizeout Corp., an adtech firm and e-gift card issuer, has partnered with Square to enable Square merchants to integrate their Square account with Prizeout’s platform. The integration will streamline e-gift settlement for Square merchants on transactions managed by Prizeout. In addition, Square merchants will be able to make their e-gift …

BTRS Holdings Inc., also known as Billtrust, said it will go private on Dec. 16 through a merger with an affiliate of EQT X Fund. The business-to-business payments provider went public in January 2021 through a merger with South Mountain Merger Corp., a special purpose acquisition corporation, or SPAC. Payments provider ACI Worldwide said it …

At a time when many businesses are struggling to fill job openings, payments provider VizyPay LLC announced on Tuesday it is planning a “hiring blitz” in 2023. In preparation for the influx of new employees, the Waukee, Iowa-based processor named Alex Schaeffer director of learning and development and Marj Chaffin …

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 …