Interac, Canada’s national debit network, has partnered with the Toronto Transit Commission, Canada’s largest transit agency, to make contactless payments available across the transit system. Beginning Aug. 15, riders will be able to pay for fares at TTC  turnstiles, on buses and street cars, and at Wheel-Trans, Toronto’s transit service …

PayPal Holdings Inc. announced early Monday that Alex Chriss, a long-time executive at Intuit Inc., will take over in September as chief executive, replacing Dan Schulman, who in February triggered the hunt for his successor when he announced he would retire later this year. Chriss, a 19-year veteran at Mountain …

Payments-technology provider Repay Holdings Inc. reported its consumer-payments business grew its organic gross profits 16% in the quarter ended June 30, compared to the same period a year ago. Overall, the company posted organic profit growth of 12% for the quarter, compared to a year earlier. Absolute figures were not …

Block Inc’s Square merchant-processing unit late Tuesday introduced Square Go, a booking app for beauty and personal-care merchants. The app allows consumers to search for, and schedule appointments with, health and beauty merchants locally. The mobile app also suggests merchants based on a consumer’s previous booking patterns. Consumers can receive …

BitPay Inc. expanded the payment capabilities of its cryptocurrency wallet Tuesday with inclusion of bill payment. BitPay users can now pay bills with digital currency at more than 5,000 billers, the Atlanta-based company says. To enable bill payment, BitPay has partnered with Method Financial, an Austin, Texas-based provider of embedded …

Add a stablecoin to the roster of PayPal Holdings Inc.’s financial and payments products. Announced Monday, the PayPal USD will begin rolling out to PayPal accountholders today and in coming weeks. A stablecoin is a form of cryptocurrency pegged to a reserve asset viewed as stable, such as gold or …

Canadian fintech Nuvei Corp. is partnering with iGaming operator 888 Holdings Inc. to provide card acquiring and payment in the United States. The deal expands both companies’ footprint in the U.S. market Montreal-based Nuvei will enable 888 to accept deposits into iGamers’ accounts. In addition, iGamers will be able to …

Payment security and fraud play a key role in cart abandonment for e-commerce merchants, according to a study by e-commerce solutions provider Radial Inc. The study found that 48% of respondents cited Web site security and 45% listed security of personally identifiable information as their primary reasons for shopping cart …

The Clearing House Payment Co. LLC, operator of the Real Time Payments network, said Wednesday that more financial institutions are making use of its Request for Payment capabilities. Request for payment has been a feature of The Clearinghouse’s real-time payments network since it launched more than five years ago. The …

Merchant volume is surging ahead for Global Payments Inc. as the big processor looks to further acquisitions following its absorption of EVO Payments Inc. in March and pursues a strategy of signing up companies it calls “profacs,” or payments facilitators that rely on Global for key functions like merchant underwriting …