Seasonal expectations of a September slowdown in payment volume failed to fully materialize, suggests new data from Shift4 Payments Inc. Its data shows that payment volume was relatively consistent through August and September in most of the country. Though the hospitality segment continues to experience lower transaction volumes compared to the …

With cash on the outs with many pandemic-wary consumers and merchants these days, payments firms are looking for alternatives. One such option is a so-called reverse ATM, a machine that takes in cash instead of dispensing it to allow users to convert paper money into an electronic payment instrument. An …

Fiserv Inc. has onboarded 200 banks and credit unions to the Zelle peer-to-peer payments network since the start of the year, doubling the number of financial institutions it has brought into the network since 2017. Of the 200 financial institutions, more than 80% have gone live since March, when the …

Shopify Inc., an e-commerce payments and marketplace platform that accounts for more U.S. e-commerce sales than any other company besides Amazon.com Inc., is adding a gateway that will allow consumers to pay for products from Shopify online stores using a choice of digital or fiat currencies. The so-called hybrid service …

Consumers are replacing cash with payment cards during the Covid-19 pandemic, according to the “Purchasing in a Pandemic” report issued by Visa Inc. and consultancy The Strawhecker Group. Among the findings is that 26% of respondents expect to use less cash following the pandemic when compared to before. That, coupled …

Economic uncertainty stemming from the Covid-19 pandemic has stoked consumer interest in point-of-sale credit, and providers of the service are acting to satisfy that urge. The latest moves came Tuesday from payments processor Klarna AB and installment-credit provider Afterpay Ltd. Klarna said it will provide its installment-payment feature to Macy’s …

PayPal Holdings Inc. on Monday launched a Visa-branded credit card for its Venmo peer-to-peer payment service that features a QR code for P2P transfers in addition to a near-field communication chip for merchant acceptance. The new product arrives as PayPal searches for ways to boost revenue for its wildly popular …

Few payments technologies have gained headwinds from Covid fears as much as contactless parking, and now drivers have an option to locate, reserve, and pay for a space from their in-car touchscreen. Xevo Inc., a developer of connected-car technology, announced Thursday it is enabling the parking feature with Reef Technology, …

Efficient and fast, the funky-looking barcodes are having their day in the sun as the Covid-19 pandemic channels consumers toward contactless payments. It has become commonplace to observe that the Covid-19 pandemic has energized contactless payments, and all the numbers seem to bear that out. But contactless at the point …

If you haven’t noticed stores adopting contactless payments all of a sudden, you haven’t gotten out much in recent months. With a raging pandemic scaring customers away from touching surfaces such as PIN pads and other point-of-sale technology, retailers are rushing to install NFC-equipped devices that will let patrons wave …