While the Federal Reserve mulls the concept of a national digital dollar, private-sector actors are working toward the same end. The Digital Dollar Project at the end of August launched what it calls a Technical Sandbox Program in an effort, it said, to help advance understanding of the technical requirements …

Square, the point-of-sale and e-commerce unit of Block Inc., said Tap to Pay on iPhone is now commercially available to its merchants following a June release to select sellers. Available within the Square Point of Sale iOS app, Tap to Pay on iPhone enables merchants to accept contactless payments directly …

A study of fraud losses in European countries by FICO indicates the United Kingdom cut losses by 49 million pounds last year, the most of any European country, according to the 2021 European Fraud Map from FICO, a predictive-analytics company.Checkout-technology provider Bolt launched Checkout Links, which it says enables consumers to check out …

The U.S. Senator’s bill to regulate credit card costs on behalf of merchants has stirred passions not seen since…the Durbin Amendment. All the major card-issuing banks must be asking themselves by now what Democratic Senator Richard Durbin of Illinois has against them. Like some old Hollywood horror-film refugee, the Senator …

While the Federal Reserve mulls the concept of a national digital dollar, private-sector actors are working toward the same end. The Digital Dollar Project early Wednesday launched what it calls a Technical Sandbox Program in an effort, it said, to help advance understanding of the technical requirements undergirding a central …

Bread Financial Holdings Inc. on Monday released a performance update for July, indicating it posted credit card and other loans totaling $17.8 billion last month, a 12% year-over-year increase. The Columbus, Ohio-based provider of personalized payment, lending, and savings solutions said average credit card and other loans for the month …

Payactiv Inc., a payments provider said to have pioneered the field of earned-wage access, said late Thursday it is scrapping its access fees. The move makes several of the company’s options, including automated clearing house transfers, “completely free,” the San Jose, Calif.-based company says. Payactiv’s action follows a move this …

A report on the state of U.S. gaming indicates steady progress made possible by market discipline and some help from some familiar payment methods. The U.S. gaming industry continues to grow exponentially, making it a highly exciting place to be for those within it. Changes in regulation have allowed more …

After years of a relatively light touch, federal regulators are turning the Klieg lights on the payment industry. In some cases, their approach has been opaque, which is creating concerns that could stifle innovation. There’s an old adage inside the Beltway that says, “People Are Policy.” Since entering the Oval …

Cross-border payments specialist PingPong Payments has partnered with the card network JCB International to enable JCB merchants in Hong Kong to receive online payments from JCB cardholders worldwide. The deal, which means PingPong now has direct relationships with all six major international credit card networks, strengthens the company’s position in …