The Zelle person-to-person payments service continues to boom for one of its biggest participants, Bank of America Corp., where transaction volume more than doubled in the first quarter. BofA reported Tuesday that its customers sent or received 58.1 million Zelle transactions via email addresses or mobile-phone numbers, up 103% from …

Uber Technologies Inc. doesn’t say a lot about its payment strategy in the registration statement it issued Thursday ahead of its highly anticipated initial public offering of stock, but the filing does reveal the ride-share leader is an enormous generator of payment card volume and card-acceptance fees. The statement says …

Amazon Go stores may soon accept cash. “We are working to accept cash at Amazon Go,” an Amazon spokesperson confirms in a statement to Digital Transactions News. Amazon Go stores only accept in-app payments now. A consumer must download the Go app and scan a barcode from the app on her …

Which payment method holds the dubious distinction of racking up the fastest growth in fraud last year? According to the latest annual fraud report from the Association for Financial Professionals, it’s debits and credits on the automated clearing house network. In fact, the ACH was the only payment method examined …

A recent Forbes article attempted to refute many of the conclusions of a prior Wall Street Journal article that had illustrated how the card schemes (Visa Inc. and Mastercard Inc.) have dramatically increased their fees in recent years. In response, the Forbes article challenged the Journal article by completely changing …

Convenience stores saw their payment card acceptance costs rise nearly 10% in 2018 even though sales increased only 9%, according to data reported Wednesday by the trade association NACS. NACS, formerly known as the National Association of Convenience stores, says credit and debit card fees paid by its members rose …

FitPay Inc. has started shipping its contactless, coin-shaped Flip device, which allows users to spend Bitcoin as U.S. dollars at stores. The company said on Wednesday it plans to “ramp up” production of Flip though the first half of the year. The news comes after Fit Pay announced in January …

A day long dreaded by the U.S. payments industry came and went on Monday with little fanfare and not much more gnashing of teeth. The Consumer Financial Protection Bureau’s voluminous prepaid card rule finally took effect with sweeping provisions governing matters ranging from fee disclosures to error-resolution rights to consumers’ …

April is a month when most Americans think about taxes. It turns out that a surprising number of them—29%—would rather mail a check to the government than use electronic methods. That’s the word from payment technology provider ACI Worldwide Inc., which in March commissioned YouGov Plc, a global research firm …

Mark the latest data breach as another conquest for hackers. Earl Enterprises, owner of the Buca di Beppo, Bertucci’s, Planet Hollywood, and the Earl of Sandwich restaurant chains, among others, said point-of-sale malware captured credit and debit card information from May 23, 2018, through March 18, 2019, at a variety …