Payments provider Priority Technology Holdings Inc. announced it has entered into a so-called stalking-horse agreement to bid on the assets of Plastiq Inc., an 11-year-old payments provider that has entered Chapter 11 restructuring. Terms of the bid were not disclosed. Freshmart, a Puerto Rico-based grocer with seven stores, said it has chosen eGrowcery to …

Small businesses in Canada will reap lower interchange rates in that country, the Department of Finance Canada announced Thursday. The deal suggests a similar reduction is possible in the United States, the Merchant Payments Coalition quickly responded. Both Mastercard Inc. and Visa Inc. agreed to lower the domestic consumer credit …

Merchants’ price for accepting credit cards has remained steady for years, according to data released Monday by the Electronic Payments Coalition, an advocacy group representing the payment card industry. The EPC’s release comes as widespread and longstanding merchant complaints about the cost of card acceptance have sparked efforts by federal …

Cannabis could be a huge opportunity for acquirers, but the wait for a ubiquitous PayPal-of-pot option continues. When it comes to electronic payments, the legal cannabis industry is starting to grow up. Cannabis was once considered the Wild West of the payment world because of all the skullduggery that took …

On April 15, Visa Inc. lowered the amount a merchant can surcharge for transactions on its credit cards from a maximum of 4% to 3%, a move it had announced early this year. Merchants that want to surcharge will have no option but to comply with the 3% cap, says …

It’s May, and that means it’s time for our annual exercise to seek out and describe the payments players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …

Small businesses can take on bigger rivals and win—if they’re open to the latest technology. Small- and medium-size businesses respond differently to major shifts in how people find and purchase products and services. Some look at major changes as an opportunity to adopt new resources for getting the most bang …

White-label buy now, pay later provider Splitit Payments Ltd., introduced on Tuesday SplititExpress, a checkout experience that enables consumers to complete checkout in less than two seconds, compared to one-to-two minutes for other BNPL applications, Splitit says. The new feature also supports installment payments via Google Pay and Apple Pay. …

The momentum behind tap to pay technology on smart phones shows no signs of slowing down. MagicCube Inc., which has traditionally focused on providing contactless payment technology to small merchants through off-the-shelf mobile devices, has expanded its reach to small and mid-sized merchants through a partnership with ACI Worldwide Inc. …

Payments analysts looking for where the growth is can find it in the automated clearing house network and in debit cards. With respect to transaction volume, no U.S. payment system grew faster over the three years from 2018 to 2021 than the ACH, which posted a compound annual growth rate …