The clamor to sign up merchants that want to sell hemp-derived cannabidiol products is undiminished despite multiple questions about what a legal CBD product is and how to onboard these merchants. “The banks are having a tough time now because it’s so new,” said Travis Chrisman, president and cofounder of …

With three processor megamergers having closed in 2019, the value of firms involved in handling and managing electronic payments has seldom been clearer. But further evidence emerged this week with news of Stripe Inc.’s latest funding round, which valued the San Francisco-based payments-technology company at fully $35 billion. Indeed, at …

The China-based payments network UnionPay International said it now links to more than 28 million merchants outside China, with 2 million having been added in the first half of 2019. The company also said 80% of U.S. merchants now accept UnionPay credit cards.Visa Inc. said its B2B Connect network now processes cross-border corporate …

Recognizing there is no one-one-size-fits-all approach to data security, the PCI Security Standards Council continues to evolve its requirements toward a goal of greater flexibility for payments providers. The new approach comes as the Council contemplates a new version of its core security standard. Gathering in Vancouver, B.C., this week …

A survey by processor Fidelity National Information Services Inc. (FIS) found that 54 countries now have active real-time payment programs, up from 40 in 2018 and nearly four times as many as 2014.Cross River Bank, which specializes in services for technology companies, has applied to link to The Clearing House Payments Co.’s Real Time …

Digital payments, combined with competition from nonbanks in payments, may cost banks as much as 15% of their global payments revenue, or $280 billion, says Accenture in its “2019 Global Payments Survey.” Released Monday, the survey of 240 retail and corporate payments executives across multiple countries suggests that global-payments revenue …

As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants.  Revel Systems Inc. last week launched Revel Integrated, a program that offers developer tools and infrastructure to integrate their …

United Merchant Services Inc. said it acquired the rights to Royal Western Computer’s assets, including its point-of-sale software for dry cleaning merchants, branding, trademarks, licensee database, and sales channels. Royal Western Computer holds more than 25% of the dry cleaning POS market, UMS said. The company intends to expand by combining …

Five years ago, Apple Inc. laid claim to offering one of the first smart phone-based mobile-payment services, and now some observers say Apple Pay, with an estimated 43% of iPhone owners using the service, may be poised to score a breakthrough. Apple Pay was announced with great fanfare Sept. 9, …

The Nasdaq Stock Market LLC granted an extension to USA Technologies Inc. allowing the provider of vending-machine payments technology more time to file financial statements. The new deadline is Sept. 23.Everlink Payment Services Inc., a payments provider in Canada, expanded deployment of the UP Payments Risk Management platform to eScore, Everlink’s machine-learning antifraud service. …