Chase, the banking arm of JPMorgan Chase & Co., has expanded its relationship with third-party delivery service DoorDash Inc. to non-restaurant merchants. The deal will enable Chase Sapphire and other eligible Chase cardholders to receive recurring benefits on orders from more than 150,000 grocery, convenience, and non-restaurant stores in the …

And you thought contactless technology was just for payments. Turns out, while it’s enabling more and more payments at the point of sale, the technology is offering even greater potential. Contactless transactions were supercharged by the pandemic, and now slightly more than half of U.S. cardholders are using the technology …

Payment Facilitation: Elevating Your Payment Solutions In today’s electronic ecosystem, software companies have an array of options to create unique payment experiences for consumers. Two prominent options are traditional merchant processing and payment facilitation. Let’s explore their differences and implications. Traditional Merchant Processing Since 1973, traditional merchant processing has been …

Mastercard Inc.’s chief executive early Wednesday deplored the recent collapse of a key interchange settlement and highlighted the card company’s rapid progress in tokenization, a key technology that masks actual card data from potential cyberthieves. Pointing to a U.S. District Court judge’s rejection last month of an agreement between merchants and …

There’s more than pricing and revenue agreements that’s necessary to the working relationships between independent software vendors and the value-added resellers. Understanding this is important as the ISV segment gains ground as a payments channel, experts say. It starts with communication, says Gary Liu, chief financial officer of Bold Integrated …

When Alex Chriss took over in September as PayPal’s chief executive, he promised to shake up what he saw as a complacent payments engine. Now, the company is starting to see some tangible results from Chriss’s moves, though the new boss isn’t entirely satisfied. “We know there is much more …

The major U.S. payments processor Shift4 Payments Inc. said early Monday it will work with Fabrick S.p.a. to offer the Milan-based company’s embedded-finance and payments-orchestration services to merchants in Europe. Terms of the deal were not immediately available. For Fabrick, the deal means the 6-year-old company can rely on Shift4’s …

The Consumer Financial Protection Bureau has issued a report highlighting what the agency calls “junk fees” charged by processors when parents add money to students’ school-lunch accounts. Such fees cost families upwards of $100 million a year, according to the CFPB. In its study, the CFPB found that, on average, …

Artificial intelligence tools may still be in development, but their utility for acquirers is quickly becoming apparent. “A lot of people think it’s a ‘nice to have,’ but it’s no longer a ‘nice to have,’” Sebastian Builes, cofounder and chief executive at Arcum, a merchant-retention firm that uses AI, told …

Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon As consumer demand for a frictionless payment experience increases, ISVs that embed additional financial services into their offerings stand to win more market share in a progressively competitive software ecosystem. How ISVs decide to …