Almost two-thirds of U.S. consumers prefer to pay bills manually rather than through automated services, according to a survey by payments platform MX Technologies Inc. The online research embraced 1,059 adults and was conducted during the first quarter. Embedded payments startup Forward closed a $16 million seed financing round led by Commerce Ventures, Elefund, …

Fintech CredBuild said it is working with BloomCredit to enable renters to report rent payments to credit bureaus via property management systems. BloomCredit provides the API codes. PayIt, a specialist in government payments, said the Eastern Band of Cherokee Indians will use PayIt for a new digital fish-licensing system. Waystar Holding Corp., …

Account takeover, long the scourge of retailers and businesses, remained the top fraud type in 2023, according to the latest data from LexisNexis Risk Solutions. Released Wednesday, the “Confidence Amid Chaos” report found 28.7% percent of fraud in 2023 was third-party account takeover. That was followed by scams and bonus …

Google launched new features for Google Pay, including rewards for American Express and Capital One transactions, an expansion of buy now, pay later options, including Affirm and Zip, and automatic fill-in of full card details. Processor FIS Inc. launched FIS Digital One Flex Mobile 6.0, an update to its mobile-banking app, with what the …

Point-of-sale technology provider MagTek Inc. said it has worked with KwikPOS, a developer of POS systems for restaurants, to develop a handheld device that links to MagTek’s gateway and uses the company’s mobile card reader. Tassat Group Inc., a real-time settlement platform based on blockchain technology, announced it will work with cross-border …

Point-of-sale terminal company Pax Technology Inc. launched Vendall, a payments system for vending machines, minimarkets, and other unattended markets. Nacha, the automated clearing house governing body, noted the 50th anniversary of its formation, noting there were 31.5 billion ACH network payments made in 2023 valued at $80.1 trillion. In related news, Phixius, a …

Worldpay has made tap-to-pay on iPhone technology available to payment facilitators to offer to their merchants. Two payfacs, Fullsteam and Autobooks, have launched the service. Tap to pay lets merchants accept contactless card payments on an ordinary mobile phone with no additional hardware. Cantaloupe Inc., a supplier of payments technology for …

Mastercard Inc. reported $6.3 billion in first-quarter revenue, a 10.5% increase from $5.7 billion in the 2023 first quarter. It posted a quarterly net income of $3 billion, up 25% from $2.4 billion a year prior. Executives noted strong consumer spending, cross-border payments volume growth, and new deals across its regions …

It’s May, and that means it’s time for our annual exercise to seek out and describe the payments players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Capital One Financial Corp.’s bombshell announcement in February that it is offering to acquire Discover …

Veritran, a U.S. technology company, said it is working with global financial-messaging service Swift to enable a smoother process for bank customers looking to make cross-border payments. Some 78% of community and regional banks plan to widen payments and merchant services for small businesses in coming months, with 96% planning …