Transaction Processing

Merchants in the United States paid $224 billion in card-acceptance costs in 2023, the highest toll for merchants in any country in the world, according to payment consultancy CMSPI’s State of the Industry Report. Interchange fees alone accounted for $143 billion of that total. Since 2009, U.S. merchants’ like-for-like payment …

Airline payments powerhouse UATP says it will offer buy now, pay later services from Klarna AB. Meanwhile, CellPoint Digital has signed Arajet, a Dominican Republic startup airline as a payments-processing client. UATP, a Washington, D.C.-based  global payments network, says its new partnership with Klarna will enable airlines to offer Klarna’s …

Payments provider Repay Holdings Corp. said it has integrated its services with Otelier, a technology platform for the hospitality market, to enable vendor payments from the same platform where clients process invoices. Payments platform Nayax announced it has worked with A2Z Cust2Mate to create technology that allows shoppers to manage and pay for items …

PayPal Holdings Inc. began working with the Canadian e-commerce giant Shopify Inc. two years ago in France, and now the two are bringing the act to the U.S. market. PayPal said early Monday it has agreed to process card transactions for Shopify’s gateway, Shopify Payments, in an arrangement that could …

Adyen NV early Monday began launching what its calls an intelligent-routing service for debit cards intended to reduce merchants’ debit-acceptance costs and increase authorizations for purchases. The service, which enables Adyen to choose which network to route transactions over, was developed primarily in response to the Federal Reserve’s 2023 statement …

MyKaarma, a payments service for automobile dealers, said its surcharge service, myKaarma Surcharge, has achieved compliance with Honest Pricing Laws that have been enacted in several states, including California and New York. Surcharging allows merchants to add their cost of credit card acceptance to a bill when a customer presents a credit …

American Express Co. expects its pilot program enabling cardholders to add their payment information at participating online merchants will please cardholders and make for smoother checkouts. The pilot, announced Thursday, allows AmEx cardholders to add or update their card information and store it for use at a participating merchant through …

Visa Inc. announced early Thursday it will launch account-to-account (A2A) payment capabilities in the United Kingdom in early 2025. The move will allow U.K. consumers paying bills to do so directly from their bank account, as opposed to paying by check, cash, or card. Visa’s plans for the service, called …

With cash back as a favored consumer reward, PayPal Holdings Inc. is broadening its use with the debut of PayPal Everywhere, a rewards program for consumers on the PayPal Debit Mastercard. Announced Thursday, the program includes stackable cash-back offers and personalized ways to manage spending. It enables PayPal Debit cardholders …

American Express Co. said fintech Knot is testing a new feature that enables select AmEx cardholders to add their payment information at participating merchants, including Bloomingdale’s, Hilton, and Macy’s. With Knot, AmEx can enable its customers to update card-on-file information instantly, AmEx said, using Knot’s CardSwitcher technology and proprietary AmEx tech. …