News emerged Wednesday from PayPal Holdings Inc.’s earnings call that Visa Inc. will serve as the network for a Venmo credit card PayPal announced in October. This development follows by one week PayPal’s announcement that it has struck a deal with UnionPay, China’s payment card giant, to integrate UnionPay cards …

New York City became the third U.S. city to ban cashless-only payments in restaurants and stores with the passage Thursday of a measure to prohibit merchants from refusing to accept cash. San Francisco and Philadelphia have similar bans, as does the state of New Jersey.  Originally proposed by New York …

U.S. Bancorp, owner of the big merchant acquirer Elavon Inc., reported Wednesday that its fourth-quarter 2019 merchant volume rose 10.5% year-over-year on a nearly 14% increase in transactions. And U.S. Bancorp rival Bank of America Corp. said its volume for the Zelle person-to-person payments service jumped 76%. Minneapolis-based U.S. Bancorp …

A fight is brewing over the future of mobile wallets. On one side is the Consumer Financial Protection Bureau, which believes that the heart of every mobile wallet is a prepaid card. On the other is PayPal, which believes that mobile wallets are so different that they should not be …

The major payment card networks have long since come to terms with PayPal Holdings Inc., and now they’re finding ways to put that newfound friendship to use in burnishing their brands with cardholders. The latest example surfaced Monday with an announcement from Discover Financial Services that Discover cardholders can use …

PayPal Holdings Inc. is betting big on its strategy of boosting its e-commerce presence with its approximately $4 billion acquisition of Honey Science Corp., a technology platform that helps consumers find offers and deals on popular e-commerce sites. Announced Wednesday afternoon, the deal envisions Honey tapping into the more than …

As peer-to-peer payments services like Cash App, Venmo, and Zelle grow in popularity in the United States, some observers fret that underserved populations are being left behind. PayPal Holdings Inc.’s Xoom money-transfer service said Tuesday it’s attacking that issue in a collaboration with Walmart Inc. and Euronet Worldwide Inc.’s Ria remittance …

What’s keeping you up at night? If you said nothing, you’re lucky. Here’s a list of the biggest issues troubling most payments executives today. We live in a world full of tribulation and turbulence, and the payments business is no exception. Herewith, we offer our annual catalog of the 10 …

Days after Nxgen and Payscape announced they were merging with a third payments provider, BluePay Canada, the new entity said it has agreed to combine with a fourth company, Payroc LLC, and adopt the Payroc name. James Oberman, Payroc’s chief executive, will serve as CEO of the merged entity.Discover Financial Services said it now …

Top management at PayPal Holdings Inc. made it clear Wednesday the company will continue to hunt for acquisitions and intends to leverage its recently won clearance to acquire a 70% stake in China’s Guofubao Information Technology Co. Ltd., better known as GoPay. The Chinese venture, in which PayPal will become …