From ordering and payments to reward redemption consumers want a simpler shopping experience, according to research from Fiserv Inc. To meet demand, merchants and restaurants should provide more omnichannel experiences, retailer apps, and embedded payment options that add value. Buy online, pick up in store (BOPIS) is one way merchants …

Shift4 Payments Inc. continues to assert its position as a leading processor for sports teams and arenas. The Allentown, Pa.-based company announced Monday it will process ticket sales for the Florida Panthers of the National Hockey League through a partnership with SeatGeek, the Panthers’ mobile-based ticketing platform provider. The deal …

As online sports betting and iGaming continue to grow, Paysafe Ltd. has struck another deal with a betting app. Announced Monday, its agreement with Betr, a sports-betting app from social-media influencer Jake Paul, will serve Paysafe customers in Ohio and Massachusetts. Betr launched in Ohio in January and in Massachusetts …

Open banking, the system enabling seamless sharing of financial data via application programming interfaces between banks and third-party service providers, has captured global attention over the past several years. In 2018, the Second Payment Services Directive (PSD2) marked the official open-banking era by mandating data sharing in Europe. This milestone paved …

Financial services was the most impersonated industry by criminals launching phishing attacks during the first half of 2023, according to a report from cybersecurity firm Vade. Financial services accounted for more than 33% of all phishing URLs, followed by the social media (22%) and cloud (21%) industries. Phishing is the …

With the Federal Reserve’s rollout of the FedNow real-time payments service expected by the end of the month, a regional Federal Reserve Bank official on Wednesday outlined a roadmap for the new network that includes network interoperability, the possible addition of peer-to-peer payments, and, overall, the prospect of fewer payment …

As digitalization of payments information continues to permeate society, the allure of getting a hold of that data illicitly is unabated. Already, for the first half of 2023, the number of U.S. data compromises is higher than the total compromises for every full year between 2005 and 2020, except for …

Bank of America Corp. has again run afoul of the Consumer Financial Protection Bureau for alleged illicit credit card practices. On Tuesday, the CFPB and the Office of the Comptroller of the Currency announced they are fining the banking giant $150 million for double-dipping on fees imposed on customers with …

With proposals aimed at controlling merchants’ costs for accepting credit cards having re-emerged in Congress, research has been emerging on both sides of the issue this summer as advocates for sellers and card issuers compete to influence any eventual legislation. The latest thrust appeared Monday with a research report arguing …

Spotify, the digital-music service, has notified long-time customers it will no longer support payments from Apple Inc.’s App Store for premium subscriptions. Those customers who use the Apple service will be moved to Spotify’s free service and must transition to an alternative, such as PayPal or a credit card, for …