When the Cleveland Browns open their 2023 NFL home stand Sunday, fans at the stadium using credit and debit cards will be tapping and dipping via new Clover Sport devices. Announced Wednesday, the nearly 500-device installation in concession and premium-seating locations in the Cleveland Browns Stadium will make the arena …

Infinicept, a provider of embedded payments, Tuesday introduced Launchpay, a payment facilitator (Payfac)-as-a-service model for software companies not yet ready to become full-scale payment facilitators. Payment facilitators allow customers to accept electronic payments using their platform through a master merchant account. Examples of Payfacs include Block Inc.’s Square merchant-processing unit …

Visa Inc., which has been working with blockchain-based currencies at least since the start of the decade, on Monday said it is starting to expand its cryptocurrency services into merchant acquiring, largely for cross-border transactions. The move, which Visa calls a “pilot project,” involves the major merchant processors Worldpay and …

Bitcoin Depot Inc., a Bitcoin ATM operator, has expanded the footprint of its BDCheckout program to more than 400 retail locations in Iowa and Louisiana. BDCheckout enables consumers to fund digital wallets with cryptocurrency at checkout through Bitcoin Depot’s network of merchants. Consumers can access BDCheckout at 246 convenience stores …

In somewhat simple terms, quantum computing uses quantum mechanics – an area of physics that examines the behavior of particles at a microscopic level – to solve complex problems more rapidly than on conventional computers. It includes elements of physics, computer science, and mathematics.   For the purpose of this …

Pay attention to your MCCs, or pay a hefty price later on. Merchant category codes (MCCs) play a central role in payments risk management, but too many service providers and acquirers take them at face value. Now, in the wake of renewed focus on MCCs by the payment networks, miscategorized …

Current technology is no longer as effective as it needs to be. Time to start adopting modern methods—including blockchain. IN 2021, business-to-business payments-market revenue was valued at $903 billion and is projected to reach $1.618 trillion by 2028. While these payments are an important service provided by community banks, existing …

Artificial intelligence is profoundly impactful from a payment point of view, probably much more so than we can tell now. What we already foresee is part helpful, part alarming. I will dedicate this column to a particular threat: mis-profiling. Google’s AlphaZero AI machine taught itself to play chess by playing …

With FedNow joining RTP in the race for real-time payments, a hugely practical service called request for payments could take off. If you’re not a payments geek, you could be forgiven for wondering what all the fuss was about when the Federal Reserve announced in July that its real-time payments …

The Credit Card Competition Act is back in play. But as Congress debates the bill, a pressing question looms about its biggest requirement: Who are the Visa and Mastercard alternatives supposed to be? Senator Richard Durbin is back at it. After failing to advance the Credit Card Competition Act out …