U.S. third-party developers soon will have new capabilities to access the secure element piece of Apple Inc.’s iPhone when iOS 18.1 eventually is released, a move that could herald further app development and cement Apple’s position among mobile-wallet providers. Apple, without fanfare, revealed this long-desired access Thursday in a simple …

Merchants were granted a second extension late Tuesday for filing claims against Visa Inc. and Mastercard Inc. in their ongoing class-action lawsuit against the two networks over interchange costs. U.S. District Court Judge for the Eastern District of New York Margo K. Brodie, who is presiding over the case, moved …

Debit cards are consumers’ favored method for paying bills, according to a report from bill-payment network doxo Inc. Some 62% of doxo users pay their bills using debit cards, compared to 24% who use the automated clearing house and 15% who opt for credit cards, according to doxo’s “The Bill …

Payments has always been an acquisitive business, as economies of scale loom large for CEOs and CFOs and buying that scale can often look cheaper and quicker than building it over time. But so far, activity in 2024 is mapping to what was seen last year—which is to say, slow. …

Mobile wallets vie for consumer attention, but tech-based ones are most favored as 54% of credit cardholders use one of the big three—Apple Pay, Google Wallet, or Samsung Pay—finds new research from Auriemma Group. Tracked by the New York City-based advisory firm since 2016 in its Mobile Pay Tracker, mobile …

Merchants’ disdain for interchange is well documented, but one aspect of card-acceptance costs that gets drowned out by the outcry over interchange is that rising processing fees are hitting merchants harder than interchange hikes, according to some observers. Processors’ rate hikes have been running between 0.25% and 1.5% in recent …

Consumers are using their debit cards more frequently than ever and generating higher tickets in the process, according to a report based on data from the Pulse electronic funds transfer network. Active debit card holders now use their cards 34.6 times per month on average, up more than 4% year …

Greenlight Financial Technology Inc. has partnered with Google Wallet to enable its debit card to be loaded into the Google Fitbit Ace LTE smart watch. The partnership is expected to help parents teach their children how to manage their spending and finances through Greenlight’s banking app, the company says. The …

Major payments providers have focused in recent years on signing and providing devices and services for restaurants, but that big bet may be taking at least a temporary beating, according to the latest Small Business Index from the big processor Fiserv Inc. The overall index, which is derived from Milwaukee-based …

Another grocery chain is adding Caper smart shopping carts to its store, Instacart announced. Meanwhile, convenience-store chain Stinker Stores has adopted point-of-sale technology from NCR Voyix. San Francisco-based Instacart says Davis Food & Drug, which operates three stores in Utah, will replace most of its traditional shopping carts with Caper …