When the Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks, the move may have surprised at least some observers. …

Cheq Inc. is expanding its footprint in the highly competitive stadium-payment space by adding restaurants, bars, hotels and stadiums to its roster of merchants in South Florida. The expansion comes on the heels of Cheq’s deal in 2022 with the Miami Dolphins of the National Football League to be the …

Identity theft is a national scourge, but initial research findings released early Wednesday indicate that scourge impacts Black victims far more than it does other segments of the U.S. population. The impact can be measured by the dollar losses ID theft victims suffer, according to the report. In one example …

Financial institutions that use the messaging network face a deadline for conversion to a new standard. Here’s one way to do that efficiently. SWIFT is used by banks around the world to securely send messages about money-transfer instructions. In fact, around $5 trillion a day passes through SWIFT’s messaging system. …

Will Durbin II rise again, bringing joy to merchants but grief to credit card issuers? Potentially, more than $10 billion could be in play if routing choice becomes law. Credit card issuers dodged a bullet in late 2022 with the failure of the Credit Card Competition Act to pass the …

It has in recent days become apparent—as it has over and over again for centuries—that financial risk can only be managed and mitigated. Despite what breathless investors in the ill-fated FTX exchange may have thought, risk can neither be wished nor washed away. Ironically, the epic FTX collapse in November …

You might think a fledgling payments network that launched in July with 35 participating financial institutions and within less than six months had multiplied that number nearly tenfold could be considered at least a tentative success. Granted, there’s a long way to go for the Federal Reserve’s FedNow real-time payments …

Merchants continue to pull every lever to generate additional revenue within an increasingly competitive landscape. For them, it is a matter of survival. And while numerous offerings promise equally innumerable benefits, there’s a hidden goldmine that can ensure the growth merchants are looking for: their payments data in real-time. > …

You wouldn’t know it from all the headline stories regarding the collapse of the FTX cryptocurrency exchange, but below the surface commerce in digital currencies continues unabated, albeit still at very low volumes relative to commerce in fiat. RocketFuel Blockchain Inc., a San Francisco crypto processor for e-commerce merchants, announced …

As the holiday shopping season heads into the home stretch, consumer concerns over withered buying power due to inflation is expected to tamp down overall spending, according to J.D. Power’s Banking and Payments Intelligence Report. In a November survey of 4,000 retail bank customers nationwide, 40% said they expect to …