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 …

GoCardless said it will process open-banking payments made on JustGiving, an online donation platform, replacing American Express Co. FirstOntario Credit Union said it is preparing to launch open banking through connections to Everlink Payment Services Inc. and open-banking technology platform Flinks. The federal government in Canada said in November it planned to …

Hospitality point-of-sale system provider GoTab Inc.’s latest product, billed as Phone Only POS, accepts payments on consumer-grade smart phones. It also makes it easier for consumers to pay at the table, GoTab says. The service enables clients to accept contactless credit or debit cards for payment without the need of …

Online shoppers in the United States spent a record $222.1 billion during the holiday shopping season that ran between Nov. 1 and Dec. 31, a 4.9%increase from the same period a year earlier, according to Adobe Analytics. November was a strong month for online holiday purchases, with consumers spending $123.5 billion …

Digital-payments provider Wirex says it is working with ZeroFox Holdings Inc., a provider of cybersecurity technology, to incorporate ZeroFox’s Dark Web Monitoring app into its platform. Wirex’s blockchain-based service enables consumers to buy, sell, send, spend, and store fiat and crypto currency through the Wirex digital wallet. ZeroFox’s Dark Web …

The Credit Card Competition Act, if it becomes law, will likely have unintended consequences for the businesses that sign up merchants for payment processing. Not all of them are good. Introduced more than a year ago, the Credit Card Competition Act has quickly become the hottest topic in the payments …

TurboTenant, an online property-management platform that enables landlords to collect rent payments, said it will work with Lula, a property-maintenance firm, for maintenance services and payment of service fees. Some 600,000 landlords are said to use TurboTenant’s platform. MoneyGram and Stellar Development Foundation announced they have invested an undisclosed sum in …

Having taken aim at credit card late fees and interest rates, and having targeted non-bank digital wallet providers, Consumer Financial Protection Bureau Director Rohit Chopra has now indicated his regulatory agency is turning its attention to credit card acceptance costs. Chopra’s comments Thursday came as the Credit Card Competition Act, …

The data-sharing routines undergirding a wide variety of payments services offered by fintechs like PayPal and Block depend on open banking, which has emerged to enable crucial information transfers from financial institutions while keeping sensitive account data from falling into the wrong hands. Now the latest update to the rules …

Overfuel, a provider of online payments for automobile dealerships, has integrated credit reporting from 700Credit LLC to allow users to prequalify for credit on a dealer’s Web site or on a mobile phone. Accounting platform Data Plus is teaming with Edenred Pay, a back-end payments provider for the hospitality industry, to launch …