Fiserv Inc. announced Wednesday that Salem Five, a Salem, Mass.-based mutual savings bank, is piloting FedNow, the Federal Reserve System’s real-time payments network, which is expected to launch in July. In addition to Salem Five, nearly 20 financial institutions, including Peoples Bank and Mediaoplis, Iowa-based Mediapolis Savings Bank, have signed …

Square, the in-store and online commerce arm of Block Inc., says Square Subscriptions is in tests for Square Online users. The feature is one of nearly 100 updates the company announced Wednesday. Other notable features include Waitlists in Square Appointments and an integration with reservation provider OpenTable in Square for …

Even if Walmart Inc. is successful in terminating its contract with Capital One Financial Corp. to issue private-label and co-branded cards on the retail behemoth’s behalf, the loss is not likely to have a major impact on Capital One’s business, says a research note from Keefe, Bruyette & Woods. The …

Consumers have been returning to physical stores as the pandemic wanes, and that’s spurring point-of-sale technology providers to bring fresh products to market. The latest example is Verfone Inc., which said Tuesday it is rolling out a panoply of new devices and services for the highly competitive petroleum and convenience-store …

Ordering ahead for a Domino’s pizza from your car just became a little easier for iPhone users with the release Monday of an order-ahead app for CarPlay, the in-car infotainment app from Apple Inc. The Domino’s Pizza Inc. app now enables consumers to Tap to Order or Call to Order …

Digital-payments platform Kasheesh, which allows consumers to split purchases between debit, credit, and prepaid cards for online purchases, has introduced a one-time-use Visa card to its mobile wallet that can be used at physical stores. The feature, called Mobile Wallet Dashboard, allows users to add their Kasheesh account to their …

While Stripe Inc. did not experience what it terms the “breakneck” growth it enjoyed in 2020 and 2021, the e-commerce payments giant still processed more than $817 billion in total volume in 2022, up 26% from the previous year, the financial services and software-as-a-service company told customers in its annual …

In a major case whose effects could ripple widely across the payments industry, Block Inc. has sued Visa Inc. and Mastercard Inc., alleging the global networks worked together to fix interchange fees paid by Block’s Square operation. Square, which processes card transactions for millions of mostly small sellers, pays interchange …

Intuit Inc. recently announced that it will end support for its QuickBooks Desktop Point of Sale 19.0, one of the oldest payment-accepting POS systems in the market, as of Oct. 3. Intuit is referring users to Shopify Inc., but other payments companies are scrambling for the business. The date of …

Payment processor Euronet Worldwide Inc. on Wednesday announced a new fraud-monitoring service called Skylight the company says will enable analysts to write rules for monitoring suspicious transactions without needing to change software coding. The cloud-based service comes from Euronet’s epay division and runs on Microsoft Corp.’s Azure and Amazon.com Inc.’s …