The biggest U.S. processor of card transactions announced on Thursday it has started processing credit card payments in the U.S. for the massive Alibaba.com online marketplace. As part of the arrangement, J.P. Morgan Merchant Services said it is working with the mobile and online payments provider Alipay to manage transactions …

Real-time bill payment took another large step forward Wednesday with BNY Mellon’s announcement it is partnering with Verizon Communications Inc. and Citibank to enable Verizon customers with Citibank accounts to pay their bills with near-instant effect.  The agreement connects BNY Mellon as the billing bank, Verizon as the biller, and …

Six years after it shut down its last effort in mobile wallets for merchant payments, Square Inc. on Monday announced it is launching a new payments feature that will let users of its highly popular Cash App pay sellers in-store and online. Cash App Pay, which can be used at …

Wednesday was a busy day for Global Payments Inc. Seeking to expand its share of business-to-business payments processing, the Atlanta-based processing giant on Wednesday agreed to acquire MineralTree Inc., a provider of accounts-payable automation and B2B payments solutions, for $500 million in cash. Global Payments will finance the deal with …

JPMorgan Chase & Co. has agreed to buy close to 75% of Volkswagen’s payments platform, operated by Volkswagen Payments S.A. Terms of the deal were not announced. The unit supports in-car payments and other services in 32 markets worldwide.Clickatell, an online chat provider, launched Chat 2 Pay, a service that enables …

The prepaid market has been upended and shrunk by the Consumer Financial Protection Bureau’s prepaid accounts rule. Prepaid cards were a popular money-management tool for low-income Americans. And even though the cards never generated many complaints, the bureau decided they needed to be heavily regulated. Now, direct-to-consumer prepaid cards are …

Buy now, pay later specialist Affirm Inc. late Friday announced it had clinched the e-commerce giant Amazon.com Inc. as a client, securing a source of enormous volume and sending its stock soaring Monday morning. The news follows the enablement in May of Affirm’s service for hundreds of thousands of U.S. merchants …

Apple Inc. will permit developers of applications for its App Store to tell customers by email that they can pay for products and services by means other than Apple’s own payment platform, according to a preliminary settlement announced Thursday. The settlement apparently will let developers skirt what are said to …

While consumers’ use of digital channels to pay bills has risen during the Covid-19 pandemic, one area of bill payment that has lagged in the transition to digital payments is billers that accept cash payments, such as utilities. On Thursday, payment-technology provider InComm Payments and bill-payment platform doxo Inc. announced they …

As part of its strategy to be a leader in digital currencies, PayPal Holdings Inc. on Monday announced it will enable users in the United Kingdom to buy, hold, and sell cryptocurrency through their PayPal wallets. The move marks the first expansion of PayPal support for cryptocurrency outside the United …