The imminent arrival of the NFL season, coupled with a U.S. Supreme Court decision last year that leaves legalized sports betting up to the states, could sack payments firms’ efforts to control fraud, observers warn. The professional football season kicks off Sept. 5 and is widely expected to draw strong …

The private-sector operator of the only national real-time payments network wasn’t too enthused when the Federal Reserve announced earlier this month that it would launch a rival service in 2023 or 2024, but the Fed’s move sparked at least a temporary windfall for The Clearing House Payments Co. “One of …

Launched in November 2016, the CitiConnect set of application programming interfaces for payments and related functions is gaining traction, particularly from companies supporting instant-payment services in Asia and Europe, Citigroup Inc. reported Monday. The New York City-based global banking giant said CitiConnect has processed 157 million API calls, or requests …

CannaTrac Technology Inc., a cashless payment provider to the cannabis industry under the CannaCard brand, announced a letter of intent with an unnamed cannabidiol distributor to create an online-payment service using the CannaCard platform. CannaTrac said the distributor’s clients currently generate $80 million in annual revenue and will use CannaCard …

As organizations look to remain competitive in the ever-transforming business space, customer experience (CX) has come to the fore. And those that focus on CX understand that it has to be a priority in every interaction a customer has with the company, from signup and purchase through relationship building, marketing, and …

Priority Technology Holdings Inc.’s total merchant bank card processing volume increased 10.9% in the second quarter, from $9.9 billion to $11 billion, but the merchant acquirer continues to deal with the wind-down of some online subscription-billing merchants. Alpharetta, Ga.-based Priority said Tuesday that the wind-down of the subscription merchants stems …

With real-time payments in the headlines these days, it’s not surprising payments companies are jumping on the faster-payments bandwagon. But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. PayPal on Monday announced its latest instant-transfer service, this one allowing Venmo users to move …

As payment companies expand ways for consumers to make digital payments, 62% of North American merchants, bankers, and fintech providers expect more such payments within the next two years, says Forrester Research Inc. in its “Understanding the Evolving Payments Landscape” report released Monday. Commissioned by Visa Inc., the report also found …

Ride-sharing leader Uber Technologies Inc. reported Thursday that it’s had some success in reducing payment card acceptance costs, though it didn’t say by how much. “We continue to make good progress,” Nelson Chai, San Francisco-based Uber’s chief financial officer, said on a late-afternoon conference call with analysts to review the …

Ending months of speculation, the Federal Reserve confirmed Monday it will launch a real-time payments service by 2023 or 2024. The banking regulator, which also published Monday a notice in the Federal Register outlining its plan and requesting comment, will thus take what it says is its biggest move in …