OnShift Inc., a provider of human-capital management software for caregivers, is dropping the fees for earned-wage access through its digital wallet. OnShift’s wallet runs on the Payactiv platform. As part of the new arrangement, senior care workers using the OnShift wallet can access a portion of their earned wages outside …

Pressure from the Senate Banking Committee on Early Warning Systems LLC, operator of the Zelle peer-to-peer payment network, is rising as committee members continue to press Early Warning for information about the extent of fraud on the network. A report released by Sen. Elizabeth Warren’s office late Monday charges that …

The Federal Reserve said late Monday it has completed work on a clarification that reinforces a more than decade-old requirement that issuers enable a choice of at least two competing networks for online debit card transactions. The release follows months of research and investigation by the Fed and will go …

Indications emerged late last week that Sen. Richard Durbin, D-Ill., has embarked on a strategy for his credit card routing bill that follows a path similar to one he forged a decade ago for his rules governing debit card routing. The veteran senator, along with co-sponsor Roger Marshall, R-Kan., have …

More merchants have begun accepting cryptocurrency, and processors say there’s others to come. Good luck with that, say skeptics. A dozen years after the emergence of Bitcoin, widespread merchant acceptance of digital currency remains more a vision than a reality. Most merchants that do accept cryptocurrency insist on converting it …

Imagine initiating a payment on your phone and seeing it settle into your payee’s account as fast—or just about as fast—as if you had handed him the same sum in cash. The dream of instant payments has been around probably for as long as electronic rails have existed for money …

Here’s why payments providers can no longer afford to ignore or misunderstand cloud technology. Cloud is a key factor in the expected growth of the digital-payment gateway market to $416 billion by 2024. Non-bank players, from big tech to e-commerce giants to fintech startups, are leveraging the fearsome capabilities of …

Vacation and hospitality booking is the next wave in BNPL. Picture this. You’re on the beach. The sun is shining and the luxury resort you’re staying at is the farthest from home you’ve been in nearly two years. But you don’t worry about how much it costs. That’s because you, …

The key to reducing merchant attrition is as simple, and as complicated, as making a good first impression. The right tech helps, too. One tactic that may help keep merchant attrition rates in check—especially when large and small businesses have even more choices for their credit and debit card processing …

As consumers rely more and more on their mobile phones and other digital platforms, Square unveiled on Wednesday several new enhancements to Square Messages, its artificial-intelligence-based digital-communications platform. Square is the payment-processing unit of San Francisco-based Block Inc. Square Messages allows merchants and consumers to communicate through a single platform …