The Covid-19 pandemic was a strong tailwind for the adoption of contactless payments. Two years later, the momentum is still there but challenges remain. Whether it’s the convenience of not dipping a card into a POS terminal or speedier transactions at the point-of-sale, consumers and merchants continue to embrace contactless …

The payments industry has forged a symbiotic relationship with cloud computing. That isn’t likely to be swept away any time soon. More than two years ago, Global Payments Inc. took a big leap into marrying cloud computing with payments. The big payment processor signed an agreement with Amazon.com Inc. to …

Payments provider Adyen Inc. said Moneybird, a software-as-a-service platform, has agreed to use card-issuing and business-accounts services the payments company has recently released. Prepaid card specialist Blackhawk Network announced its rebates-redemption platform has exceeded 1 billion transactions. Rebates are processed via branded gift or prepaid cards. POSaBIT Systems Corp., a specialist in payments processing …

Consumer spending on Cyber Monday met expectations, with consumers spending $11.3 billion, up 5.8% from a year earlier, according to the latest Adobe Analytics figures. The spending spree was so strong that during the peak shopping hours of 8:00 a.m. to 9:00 p.m. Pacific Standard Time, consumers spent $12.8 million …

The swift collapse of the major cryptocurrency exchange FTX hasn’t dampened processors’ interest in striking deals to enable crypto transactions for small and mid-size merchants. In the latest news, ACI Worldwide Inc. early Tuesday said it will enable payments in at least 127 digital currencies for e-commerce merchants served by …

Despite consumer concerns over higher prices caused by inflation, spending for the holiday shopping season got off to a strong start over the weekend. Total retail sales in the United States, including in-store and e-commerce transactions but excluding the automotive sector, were up more than 12% on Black Friday from …

With just days until the 2022 holiday shopping season begins in earnest, retailers may have a glimmer of hope for more sales if a new survey from Deloitte bears out. In its 2022 Black Friday-Cyber Monday Survey, consulting firm Deloitte predicts that consumers will spend on average $205 on Black …

Visa Inc. is leveraging its sponsorship of the FIFA World Cup to showcase several payments technologies, including contactless payments, facial recognition, and digital card issuance. Visa is deploying 5,300 contactless-enabled payment terminals at official FIFA venues and enabling taxis in Doha, Qatar, capital of the host country, to accept contactless …

Criminals’ use of language can trip up even savvy consumers, found a new report from Visa Inc. The “Fraudulese: The Language of Fraud” report found that 73% of consumers are likely to miss the requisite red flags in digital communications. The data is based on surveys of 6,000 adults in 18 countries. …

Shift4 Payments Inc. has expanded its merchant-gaming portfolio by striking a deal with the Chickasaw Nation to process payments across all of its tribal-owned casino and non-casino locations, as well as third-party venues, such as valet services or restaurants operated by third parties within Chickasaw-owned casinos. The Chickasaw nation, the …