Surcharges on credit card transactions could pick up momentum now that only four states effectively ban the practice, a panel of experts indicated Wednesday at a merchant-acquiring trade show. That momentum may benefit not only merchants wary of card-acceptance costs but also merchant-service providers that focus on surcharging as a …

A push by big retailers to have certain payment-network rules scuttled in court is keeping one of the biggest cases in the history of the payments business alive. What will happen now? If you thought the massive—and massively complex—payments litigation known officially as In re Payment Card Interchange Fee and …

Disbursements once were a staid business dominated by checks and ACH direct deposits. No more, thanks to the rise of the gig economy and new payout technology. When they’re owed something, 21st Century consumers aren’t satisfied with waiting to get a check, and waiting again for it to clear. They …

News emerged Wednesday from PayPal Holdings Inc.’s earnings call that Visa Inc. will serve as the network for a Venmo credit card PayPal announced in October. This development follows by one week PayPal’s announcement that it has struck a deal with UnionPay, China’s payment card giant, to integrate UnionPay cards …

Digital solutions for very small payments were a hot topic a decade ago, but now the subject is making a comeback in the publishing business, where a slide in print advertising and other revenue sources is pushing publishers to seek new business in digital access. This week, Piano Software Inc., …

The steam engine, the telephone, and the Internet are all innovations that gestated for a long time before realizing their eventual impact. Digital currency appears to be joining this list. Much as the telephone was more than a “Yankee replacement to errand boys,” in the words of a dismissive British …

Merchants have been skirmishing with networks and issuers over acceptance costs since the days of cardboard cards. As 2020 approaches, interchange rates are stable, but merchants are seeing more sales on high-cost rewards cards while paying more network fees. Not so long ago, if you wanted to get a card-accepting …

Sitting in a meeting in New York City, Clay Wilkes put his company’s latest innovation to the test. “We onboarded a company, funded the master funding account, created an individual account, and moved funds from the master funding account, and bought a gift card on Amazon,” he recalls. “Someone in …

The trend toward faster payments involves several dimensions, one of which is faster card delivery to a wide array of sponsors and users who until now had little or no access to cards branded by a global network. Galileo Financial Technologies Inc. said Thursday it’s offering that capability with an …

A retail trade association as well as Target Corp. have endorsed the Federal Reserve’s planned FedNow real-time gross settlement service. In a letter posted last week on the official FedNow comment site, the Washington, D.C.-based Retail Industry Leaders Association said “over the past decades RILA has seen competition and innovation …