Talk of embedded finance, the marrying of financial services with unrelated applications for businesses, threaded through the Money 20/20 conference this week in Las Vegas, as fintechs and financial institutions devise initiatives that extend beyond simple credit and debit card acceptance. Among the latest of these is Shopify Finance, a …

While ACH fraud is persistent, so too are efforts to thwart criminals intending to disrupt legitimate payments. Imposters, account takeovers, and phishing cause a lot of payments headaches, and in this respect the automated clearing house channel is no different. Criminals even adapt familiar check-kiting schemes—which rely on float to …

Plaintiffs in a lawsuit seeking to overturn the Illinois Interchange Fee Prohibition Act filed motions last month requesting the court deny a request from several merchant organizations to join the Illinois Attorney General as defendants in the suit. The case, which involves a recent Illinois law that prohibits interchange on …

Arguments over whether the U.S District Court for the Northern District of Illinois should grant a preliminary injunction to block the scheduled implementation of the Illinois Interchange Fee Prohibition Act were heard yesterday in Chicago. While the judge did not issue a ruling, she did question both plaintiffs and defendants …

Mastercard Inc.’s top management on Thursday made it plain its ambitions for the card payments company have widened dramatically in recent months as the network looks for expansion in such areas as open banking, cybersecurity, tokenization, and consulting for merchants. It’s also eyeing its opportunities in the massive China market, …

Despite the dark cloud the U.S. Department of Justice’s recent lawsuit over Visa Inc.’s debit business has cast over the network, Visa finished its fiscal year 2024 on a strong note. Among the highlights during Visa’s earnings call late Tuesday were growth in credentials, tokens, and merchant locations, along with …

With the holiday shopping season about to start in earnest, payments companies are preparing their clients—merchants and issuers—for the increased volume of both legitimate and fraudulent transactions. New checkout entrant Paze says with more than 125 million cards enrolled in the e-commerce payment option it anticipates reaching the goal of …

In today’s cutthroat business environment, it is imperative that we as payment technology professionals find ways to help small and mid-sized businesses keep pace with their larger competitors. One highly effective way to do so is by offering a robust customer loyalty program. According to Queue it, 65% of a …

Shift4 Payments Inc. early Monday gave cryptocurrency a big shot in the arm as a payment option with the announcement it will support digital currencies across its merchant network.   Shift4 will support coins including Bitcoin, Ethereum, and Solana SOL, as well as  US Dollar Coin and other major stablecoins, …

Rohit Chopra, director of the Consumer Financial Protection Bureau, spent his Sunday afternoon highlighting key elements of the CFPB’s new data-privacy rule and criticizing banking organizations that have targeted the rule. The assault on the regulation includes a lawsuit filed the same day the final rule, in development for more …