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 …

Ingenico, one of the world’s largest makers of point-of-sale transaction devices, said early Tuesday it has worked with Visa Inc. to integrate its Axium terminal software with a payment platform operated by Cybersource, Visa’s commerce and fraud-management unit. The move promises to offer, from a single platform, a service that …

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, …

While digital wallets have established a beachhead in the payment ecosystem, consumers still aren’t embracing the apps with gusto. The primary reasons are concerns over security and the lack of value-added features, such as rewards and loyalty programs and spend-management capabilities, says Justin Passalaqua, managing director of North America for …

Synchrony Financial said it will acquire the point-of-sale financing business of Ally Financial Inc. The portfolio includes $2.2 billion in loan receivables and includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and health care. Terms were not disclosed. Alchemy Pay, whose gateway …

Lightspeed Commerce Inc. has partnered with golf-course management company GreatLIFE Golf & Fitness to provide point-of-sale technology for GreatLIFE’s GolfBack direct-booking engine. Lightspeed will begin deploying its POS technology at 14 golf courses operated by GreatLIFE in the Kansas City, Mo.-area, with plans to expand the technology to additional GreatLIFE-operated …

FedNow, the real-time payments network operated by the Federal Reserve, announced late Tuesday it has 400 financial institutions participating as senders or receivers after six months of operation. The much-anticipated Fed service launched last July with 35 participating financial institutions. Participating institutions range in size from less than $500 million …

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 …

Giant payment processor Fiserv Inc. wants to take on another aspect of the business with its application for a special bank charter in Georgia. The charter for a merchant-acquirer limited purpose bank, if approved, would enable Brookfield, Wis.-based Fiserv to interact with card networks directly instead of operating through a …

MagicCube Inc. has partnered with processor Shift4 Payments Inc. to make its iAccept softPOS application available to Shift4 merchants. MagicCube’s i-Accept app turns Android smart phones and tablets into PCI-compliant payment devices that can accept contactless payments using tap-to-pay with or without a PIN. The deal is considered a boost …