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 …

Across multiple industries, workers and consumers are increasingly looking for right-now funding. Businesses that want to thrive will have to meet that expectation. In a world where instant gratification is king, Freddie Mercury’s famous lyrics have never rung truer: “I want it all, I want it all, I want it …

Gas stations and convenience stores won’t be getting an extension of the upcoming October 2020 fuel-pump EMV liability shifts, according to a merchant trade group. Meanwhile, Visa is warning of malware-based attacks against fuel retailers that invade their point-of-sale systems.  The major networks have set next October for pumps to …

Chip cards were supposed to make it harder to commit fraud at the point of sale and at ATMs, but card skimmers haven’t gotten the memo. If you think EMV cards have put a big dent in card skimming, think again. In October, the U.S. Attorney’s Office for the Southern …

Merchant education can be a strategic advantage if you do it right. That starts with showing merchants how they can benefit from technology. Keeping up with payment technology is not easy for merchants. As if the learning curve for EMV, which is still rolling out in some merchant segments, wasn’t …

Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, acquired a 51% stake in POS on Cloud, developer of payments and business-management systems for restaurants, retailers, assisted-living providers, and parks and golf courses.Fidelity National Information Services Inc. (FIS) said Eyefinity, a software developer for …

After years of looking to make fare payment easier, mass-transit agencies have found the answer in contactless cards. That’s giving consumers a compelling reason to use contactless on a broader scale. Mass adoption of a new technology requires giving consumers a compelling reason to use it on a daily basis. …

The China-based payments network UnionPay International said it now links to more than 28 million merchants outside China, with 2 million having been added in the first half of 2019. The company also said 80% of U.S. merchants now accept UnionPay credit cards.Visa Inc. said its B2B Connect network now processes cross-border corporate …

Financial-technology provider Plaid Inc. disclosed that it has received “strategic investments” from both Mastercard Inc. and Visa Inc.Digital payments and competition from nonbanks in payments may cost banks as much as 15% of their global payments revenue, or $280 billion, says Accenture in its “2019 Global Payments Survey.”Visa said it is working with insurance …

Mastercard Inc. said it will act as the clearing and settlement network for a cross-border payments service the company has agreed to develop with R3, a blockchain-software vendor.Some 74% of online transactions globally are for digital goods and services, with ride-share service and restaurant delivery ranking as the first and second most used …