Same-day transaction processing on the automated clearing house network will turn five years old this month, and while that may provide one reason for participants to celebrate, network governor Nacha issued another one Wednesday morning: both same-day transactions and same-day dollar volume are soaring. Transactions totaled 148.7 million in the …

The emergence earlier this year of a virulent new coronavirus variant “threatens to reverse the gains made in the first six months of the year” by the U.S. restaurant industry, according to data released Tuesday by the National Restaurant Association. The news comes as eateries have adopted contactless forms of …

The convenience-store chain Wawa Inc. announced Monday it settled a class-action lawsuit stemming from a data breach in 2019 that was related to malware discovered on its payment-processing servers. The settlement, which is subject to court approval, resolves all customer claims related to the data breach. The malware affected customer payment card information …

Stop & Shop, a New England grocer with more than 400 stores, said it is enabling online orders for pickup and delivery for customers using electronic benefits transfer payment services in four states. The Quincy, Mass.-based grocer, which is owned by Ahold Delhaize USA Co., said consumers using SNAP (Supplemental …

Stablecoins are coming to international disaster aid with the announcement Thursday that Ireland-based AID:Tech, a 5-year-old financial-services company specializing in relief distribution around the world, will work with Circle Internet Financial LLC to distribute aid via USD Coin, whose value is tied to the U.S. dollar. “Collaborating with AID:Tech to …

Nearly four days after mega-processor Total System Services’ platform went offline, independent sales organizations that use the TSYS platform remain in the dark as to how and why the outage occurred. The outage, which has been described as a nationwide event for TSYS, occurred Saturday night and prevented TSYS, as …

Out of the gloom surrounding the U.S. economy since the onset of Covid-19 comes a report that consumer spending on credit and debit cards is not only robust, but also stronger than it was even two years ago. Dollar volume on payment cards in July was 21% higher than in …

Fiserv Inc. announced an integration between its Clover point-of-sale technology and the business-management platform Grubhub in an effort aimed at helping independent restaurants manage and fulfill online orders.Payments provider Fattmerchant Inc. said its Stax platform is working with TimeSolv, a firm-management service for law practices, to manage billing and invoicing, and process payments, …

The cost of fraud to merchants has risen since the onset of the Covid-19 pandemic. Each $1 in fraud costs retailers in the United States $3.60 in total expenses, compared to $3.13 pre-pandemic, according to LexisNexis Risk Solutions’ “True Cost of Fraud” study for e-commerce and retail merchants. U.S. e-commerce …

Fiserv Inc. is rolling out payment-acceptance technology to food-and-beverage vending machines in multiple markets across Europe in a move that supports mobile wallets as well as global and local payment cards. Selecta Group, operator of the machines, says its network supports devices in 16 countries selling snacks, meals, and coffee …