After weeks of listless trading, Bitcoin has rallied over the past 24 hours, shooting up from the high-$6,000s to the mid-$7,000s in a move that has brought new energy to other leading cryptocurrencies. Coincidentally, Mastercard Inc. on Tuesday was awarded a patent for a system that could allow users of …

Payments gurus for years have touted benefits like faster transactions, improved security, and associated rewards when it comes to mobile payments. Now a study released Tuesday indicates converting off-the-books cash payments to digital methods could also boost a nation’s gross domestic product and augment the flow of tax revenues to …

Cross-border payment specialist PPRO Group raised $50 million in a funding round led by PayPal Holdings Inc., Citi Ventures, and HPE Growth Capital, the London-based company announced Monday. The funds will be used to expand internationally, including the United States, where it opened an Atlanta office earlier this year. PPRO …

Payment processor Worldpay Inc. said it will bring Mastercard Inc.’s Pay by Bank mobile and online payment application to its United Kingdom merchants in early 2019, and also will use other Mastercard digital services. Launched in 2016 by London-based payment-technology developer Vocalink, which Mastercard acquired in May 2017, Pay by …

Online travel agency CheapAir.com says it has found a workaround that will let it continue to accept cryptocurrency, and Payroc LLC has become the latest payments provider to offer crypto to merchant clients. Calabasas, Calif.-based CheapAir notified customers on Friday that it has found a new provider for Bitcoin acceptance …

Facebook Inc. enabled payments via so-called chatbots back in 2016, and now the massive social network is acting to standardize and streamline consumers’ use of the digital gadgets on sellers’ pages. The United States Patent And Trademark Office published on June 28 an application from Facebook for a method for …

The top four uses for peer-to-peer payments on the Zelle network are splits for rent, meals, utility bills, and gifting, according to a survey of 9,000 mobile-banking users. The results were released by Early Warning Services LLC, which operates the bank-owned Zelle service. Payments processor Computer Services Inc. reported a …

Processor Net Element Inc. said its first-half payment volume rose 37% year over year to $1.62 billion. Most of the volume came from the company’s North American subsidiary, Unified Payments, which handled $1.4 billion in payments, up 40%. Handpoint, a mobile point-of-sale payments provider, announced an integration with RxTrax, a …

Expect more point-of-sale terminals equipped with near-field communication capability over the next four years as the market is forecasted to grow at a 15.6% compound annual growth rate through 2022, says Berg Insight, a Sweden-based research firm. By the end of 2017, POS terminal makers had shipped an estimated 24.7 …

Former Pace plc chief executive Michael Pulli will replace Paul Galant as CEO of VeriFone Systems Inc. when the leading U.S.-based point-of-sale terminal manufacturer and payment services provider is acquired by private-equity firm Francisco Partners, VeriFone announced Monday. Galant, a former Citigroup Inc. senior executive who became VeriFone’s CEO in …