American Express Co. unveiled on Monday a new virtual card integration with AmEx Global Business Travel’s Neo1 platform for travel and spending management. And digital-tipping software developer Grazzy Inc. said IHG Hotels and Resorts has named it as an approved partner for providing tips to hotel employees electronically. The AmEx …

After the hoopla surrounding FedNow’s launch last year, reality is starting to set in. Payments professionals have been basking in a warm glow as a steady stream of media coverage lauds the long-awaited arrival of faster payments and the uplifting role played by those professionals in bringing the long-dormant, slow-innovation …

Credit card issuers claimed the top three spots in J.D. Power’s second annual buy now, pay later satisfaction study, with American Express Co.’s Plan It topping the list. JPMorgan Chase’s My Chase Plan and Citibank’s Citi Flex Pay rounded out the top three. American Express’s Plan It, which it launched …

Block Inc. posted double-digit increases in net income for its December quarter and for 2023, but its co-founder and chief executive let it be known late Thursday the company has work to do. “Across the board, we’ve been going through an exercise in how we work so we can move …

By Dave Galens As these December days blur into a holiday haze and the year comes to a close, it’s time to look back on 2023’s memorable events for NAB. It was a very good year for the robots, as automation and AI became the big buzz for pundits and …

Nuvei Corp. has partnered with Adobe Inc. to provide an application programming interface to Adobe Commerce customers that enables easier access to its platform. The API provides these customers access to more than 680 regional alternative payment methods. In addition to supporting an array of alternative payment methods, Nuvei’s API …

Prepaid card spending is on the rise, according to Fiserv Inc.’s annual Prepaid Consumer Insights Study. Some 69% of consumers surveyed say they purchased the same number of gift cards, or more, in 2023 compared to 2022. In addition, 40% of  buyers are putting at least $50 on gift cards, …

Visa Inc. said it has closed on its acquisition of Pismo, a card-issuing and banking platform operating in Latin America, Asia-Pacific, and Europe. The announcement follows Visa’s agreement in June to acquire Pismo for $1 billion in cash. Payments-technology company Brightwell said it will implement Visa Direct to enable payouts to eligible bank accounts and …

The battle between merchants, on one hand, and financial institutions and payment networks, on the other, over the Credit Card Competition Act continues to heat up. The Merchants Payments Coalition on Thursday sent a letter to Congress signed by nearly 2,000 merchants, including hundreds of small businesses, calling on legislators …

Affirm Holdings Inc. has extended its reach into the vacation-property rental market through a partnership with Evolve Vacation Rental. Consumers renting vacation properties through Evolve can use Affirm as a payment option for bookings exceeding $500. Consumers pay in monthly installments and as little as 0% interest. Evolve says it …