Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, announced early Thursday that consumers and small businesses sent $481 billion dollars over the network during the first half of 2024, a 28% increase from the same period a year ago. Zelle users sent $1.8 million per minute, $110 million …

More than a year after proposing a click-to-cancel rule for subscriptions and recurring transactions, the Federal Trade Commission released a final version of the measure, officially called the Negative Option Rule. Announced Wednesday, the rule’s five primary elements call for important subscription information to be truthful, clear, and easy to …

With several factors at play, CPI Card Group Inc. is launching fresh card technology that reduces the amount of first-use plastics while providing issuers new formats and shapes for their credit, debit, and prepaid cards. Announced Wednesday, the All-in-One technology using the Secora Pay Green technology has been developed in …

Two payments providers, in separate developments, are fine- tuning their services for veterinary-practice software makers. Gravity Payments Inc. has an integration with Fear Free LLC, a software developer, and Weave is updating its software for veterinary clinics. Broomfield, Colo.-based Fear Free says it will offer Gravity’s payment option with its …

Plaintiffs in the lawsuit seeking to overturn the Illinois Interchange Fee Prohibition Act filed a motion late Friday requesting the court deny a request from several merchant organizations to join the Illinois Attorney General as defendants in the suit. At the heart of the plaintiffs’ argument is that the Illinois …

Payments revenue, which grew at a healthy clip through last year, is going to see a drastically slower growth rate over the next five years, argues the Boston Consulting Group in a report issued early Monday. Worldwide payments revenues, which totaled $1.8 trillion last year, will increase at a compound …

Mastercard Inc. said its Identity Attribute Verification service soon will enable issuers to confirm cardholders’ information such as age, date of birth, or address. The initial focus will be select markets in Europe with plans to expand into others in 2025. Expense-management software developer Findity announced its Real Time Card platform, which it …

Women’s apparel retailer Windsor Inc. will deploy the Manhattan Active Point of Sale technology from Manhattan Associates Inc. in its 350 locations. Also, merchant services firm Bluu Inc. will acquire JS Merchant Solution Inc., which does business as Smart Merchant Solution. Atlanta-based Manhattan Associates says the Windsor installation of its …

With the holiday shopping season drawing closer, consumers are readying their gift card purchasing plans. Twenty-eight percent of consumers plan to purchase digital gift cards for recipients this holiday season, compared with 25% in 2023, according to a Bank of America Corp. and TSG survey of 1,007 consumers. But that …

With the national spotlight now shining on the Illinois Interchange Fee Prohibition Act, questions are being raised regarding merchants’ ability to comply with the law. The biggest challenge facing merchants will be separating tax and tips on credit or debit card transactions submitted to their card processor so they can …