Taking cryptocurrency mainstream involves many tasks, among them eliminating as much as possible exceptions in transactions made with the virtual currency. In response to this need, BitPay Inc. said Thursday its accurate payment protocol has been adopted by cryptocurrency exchanges Bitso and Bitstamp and crypto wallets Edge and Guarda.  The …

Payroc World Access LLC announced the acquisition of Worldnet, a payment gateway designed for independent software developers. Terms were not disclosed.The Consumer Financial Protection Bureau and the New York Attorney General have sued MoneyGram International Inc., alleging the remittance company “failed to deliver funds promptly to recipients abroad.” MoneyGram responded by calling the claims …

The competition to bring digital-payments capability to sports arenas is getting hotter. FIS Inc. announced early Thursday its Worldpay unit is exclusively processing payments for tickets, concessions, and merchandise at Washington D.C.’s Nationals Park, home of the city’s Nationals Major League Baseball team. As part of the deal, Jacksonville, Fla.-based …

The hospitality industry continues to heat up as a market for digital-payments processing and technology, attracting established players and startups alike. Early Tuesday, GoTab Inc. said it is working with business-software firm PaySuite to sell its services to restaurants in the Pacific Northwest.  The first installation is a food hall …

Be careful what you wish for. For years, payments processors have contended that state and local lawmakers and regulators would enact better regulations if they were better-informed about how payments work. The good news is that’s now happening, said Kim Ford, senior vice president of government relations at Fiserv Inc. …

The microchip shortage that has plagued point-of-sale terminal makers since the onset of the Covid-19 pandemic shows no signs of abating. Despite forecasts that chip supply would not begin to start catching up to demand until mid-2022, terminal makers should continue to plan for shortages at least through 2023, according …

Customer checkout, whether online or at a store, can be taken for granted by merchants and payments firms alike. That’s a big mistake, according to a panel of experts who spoke Wednesday about new opportunities—and threats—lurking in checkout buttons.  For one thing, checkouts can represent a battleground in which players …

Payments provider Priority Technology Holdings Inc. is partnering with Century Bank, a community bank with locations in New Mexico and Texas, to provide its accounts-payable platform called CPX (Commercial Payment Exchange) to the bank’s business customers. CPX automates manual business-to-business payments processes, such as manual check runs, payments, and reports.  …

Payments companies have sensed increasing regulatory pressure since the Biden Administration’s inauguration last year, and now experts who follow developments in Washington, D.C., are confirming it. After a relatively “light touch” during the Trump Administration, “the [regulatory] pendulum has come back this way” toward a harder look at payments practices, …

Processor Adyen NV is poised to be among the first to offer Apple Inc.’s Tap to Pay on iPhone service to U.S. merchants. Sometime later this year the service will launch, enabling compatible iPhones to accept contactless payments without the use of additional hardware or payment terminals. Announced in February …