American Express Co. launched a fully digital business checking account for U.S. small and mid-sized businesses that includes the first-ever AmEx-issued debit card. The account also connects with existing AmEx credit cards.FIS Inc.’s Worldpay merchant-acquiring unit will provide payment services to Major League Baseball’s Washington Nationals under a new agreement. The pact includes …

Global merchant dollar volume grew 20% in the third quarter year-over-year for processor Fiserv Inc., while global e-commerce volume increased 21%, the company reported. Overall global transactions expanded 16%. The company did not report actual figures. Revenue for the quarter was $3.96 billion, up 10%. Year-to-date revenue was $11.37 billion, an …

It has been known anecdotally over the past year that the impact of the Covid-19 pandemic has shifted consumers to digital payments. On Monday, survey results emerged to show just how extensive that shift has been. Roughly one-third of consumers who now use such services as digital wallets, peer-to-peer payments, …

An increase in the limit on what contactless cardholders in the United Kingdom can spend before they are required to authenticate themselves is raising questions about whether the new mandate will prompt consumers to shun their cards in favor of mobile wallets, which have no per transaction limit. The theory is …

Purchase scams, in which consumers pay for goods that never arrive, was the number-one fraud type in the second quarter in terms of card-fraud attempts, beating out social-engineering frauds, according to fraud-prevention firm Feedzai. The top city for overall fraud attempts was Las Vegas, with fraud up 411% in the quarter …

Payments provider Datacap Systems Inc. is partnering with iStream Financial Services to add support for automated clearing house payments processing through Datacap’s NETePay payments platform and using Datacap’s PayAPI application programming interface. Datacap acquired the NETePay hosted payment gateway from Octopi (formerly Monetary.co) in 2019. The deal with iStream will enable …

On-the-spot installment lending, known now as buy now, pay later, has achieved such a high profile since the onset of the pandemic last year that observers are starting to calculate just how much consumer spending it’s accounting for—and how much risk it might pose for consumers and lenders. A report …

The opportunity in online wagering, sometimes called iGaming, is attracting a wide array of payments providers as they adapt their online payments-processing capabilities for this emerging market. On Monday, PayNearMe Inc. launched MoneyLine, a service intended to make it easier for players to receive payouts and make deposits into their …

Payments provider Payroc LLC announced a deal with PayTomorrow that will enable merchants, especially those selling high-ticket durable goods, to offer installment payments in stores, online, and via phone.Zuza LLC said it is providing its BloomPOS system to Payroc. Aimed at salons, spas, and gyms, the technology enables such functions as appointment scheduling …

As buy now, pay later payments continue to garner consumer and merchant attention, what is driving the trend? And does it have staying power? Buy now, pay later services may have gotten a huge boost from the boom in e-commerce sales because of the Covid-19 pandemic, but as these effects …