Here’s why more merchants and service providers are starting to embrace embedded finance. This year marks the 25th anniversary of PayPal. While e-commerce existed in some form as early as 1979 (once any new technology arises, it’s not long before someone monetizes it), PayPal changed the game for small- and …

Credit card interchange has come under assault, and not for the first time. Now, though, the stakes are higher than ever. The cleverly crafted “Credit Card Competition Act of 2023” from Sens. Durbin, Marshall, Welch, and Vance is the latest salvo in a forever war against payments-industry fees, including how …

Embedded payments are quickly becoming table stakes as developers look to expand their reach to merchants and small businesses. It’s no wonder embedded payments are quickly moving into the mainstream. After all, small and mid-size businesses are increasingly looking to deliver better and better experiences for for customers within their …

The buy now, pay later craze, which took flight during the Covid pandemic, has turned into a $70-billion-plus segment of the payments industry. But that doesn’t mean the point-of-sale credit product hasn’t stirred controversy among acquiring-industry executives—mirroring, in fact, the diverging opinions held by business observers and regulators generally. We …

U.S.-based network-management company Transaction Network Services said its technology will manage connectivity for Spain-based Euro Automatic Cash, a network of 1,500 ATMs. Tiptap, a donation platform, said it will enable Visa member financial institutions to offer customers a platform to make small donations to community charities while they are performing routine banking …

Visa Inc. says a change to its dispute rules and processes will make it easier for merchants to fight so-called friendly fraud in card-not-present transactions. With such fraud, cardholders dispute legitimate transactions to claim a refund. Payments provider Deluxe Corp. will offer bill-payment technology from Aliaswire Inc. to its banking clients through a new …

The United States Treasury Department has selected J.P. Morgan to provide account-validation services to federal-government agencies when they disburse funds to consumers. Under the terms of the five-year contract, which was awarded after a competitive selection process, the banking giant will validate the accounts of consumers receiving payments from federal …

The Federal Reserve issued a set of market practices, or a kind of blueprint, as part of an effort to introduce standards for a request for payment function for bill pay on the regulator’s FedNow real-time payments service, which launched nationwide in July. Block Inc.’s Square point-of-sale unit launched Tap to Pay on Android …

Most bankers know that today’s payments are broken. From keeping pace with evolving customer experiences, to navigating the changing regulatory environment, to overcoming competitive threats from nonbanks, many have become so frustrated they are debating whether to abandon some in-house payments channels entirely. Consumers, too, are becoming frustrated with the …

Square, Block Inc.’s merchant-processing unit, announced Wednesday it has partnered with e-commerce technology provider Jane Technologies Inc. to process online payments for cannabis dispensaries in Canada serviced by Jane. Square will initially begin processing for dispensaries in Ontario, Canada, through its Early Access Program. That will allow dispensaries in the …