Proponents of faster-payment services, which enable real-time or nearly real-time transfers, may need a bit of patience for larger-scale adoption of the technology. Fifty-six percent of attendees at the 2019 Nacha Payments conference in May said it will take at least a year, and possibly more, for their companies to …

Despite very few stores in Wisconsin refusing to accept cash payments, a member of the state Assembly recently introduced a bill that would require merchants to accept cash for face-to-face purchases, the Milwaukee Journal-Sentinel reported. The bill would impose fines of $200 up to $5,000 for violations. Similar proposals have passed or are pending in …

Rite Aid Corp. selected Bank of America Merchant Services to process transactions at its 2,400 stores nationwide and on its Web site. BAMS processes under an agreement with First Data Corp., now part of Fiserv Inc., though the companies announced July 30 the collaboration will end next year.The 7-Eleven Inc. convenience-store chain has launched in …

With real-time payments in the headlines these days, it’s not surprising payments companies are jumping on the faster-payments bandwagon. But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. PayPal on Monday announced its latest instant-transfer service, this one allowing Venmo users to move …

As the Federal Reserve embarks upon its journey to becoming a real-time payments provider with its planned FedNow service, Mastercard Inc. on Tuesday announced the biggest acquisition in its history, one the network says will strengthen its real-time, bill-payment, and related services. Mastercard said it has a deal to buy …

Apple Inc. made its upcoming Apple Card available to the public on a limited basis. The full rollout of the card—which was unveiled in March, is issued by Goldman Sachs Group Inc., and runs on the Mastercard network—is expected later in the month.Automated clearing house network administrator Nacha said it is “committed to working cooperatively …