Consumers with iPhones using the latest operating system now have access to Affirm Inc.’s installment-payments options when using Apple Pay at participating merchants. Released Monday as part of Apple Inc.’s iOS 18 update for its iPhones, the payment option works with any merchant that accepts Apple Pay. The merchant does …

Payments provider Repay Holdings Corp. said it has integrated its services with Otelier, a technology platform for the hospitality market, to enable vendor payments from the same platform where clients process invoices. Payments platform Nayax announced it has worked with A2Z Cust2Mate to create technology that allows shoppers to manage and pay for items …

Adyen NV early Monday began launching what its calls an intelligent-routing service for debit cards intended to reduce merchants’ debit-acceptance costs and increase authorizations for purchases. The service, which enables Adyen to choose which network to route transactions over, was developed primarily in response to the Federal Reserve’s 2023 statement …

American Express Co. said fintech Knot is testing a new feature that enables select AmEx cardholders to add their payment information at participating merchants, including Bloomingdale’s, Hilton, and Macy’s. With Knot, AmEx can enable its customers to update card-on-file information instantly, AmEx said, using Knot’s CardSwitcher technology and proprietary AmEx tech. …

The bill may look sensible on the surface. But it’s a mistake to try conjuring up competition by diktat. Since his unsuccessful efforts in 2008 and 2009 to impose price controls on merchants’ card-acceptance costs, longtime payments-industry nemesis Sen. Ricard Durbin, D-Ill., has been on a crusade to gut the …

Affinity Plus, a credit union, announced it has added a real-time payment service based on FedNow and The Clearing House Payments Co.’s RTP network. Ark Labs said it has closed on a $2.5-million funding round led by Tim Draper, a venture capitalist. The startup says the funding will help it as …

Priority Technology Holdings Inc., a payments provider, reported $15.8 billion in June-quarter bankcard processing volume, up 4.5% year-over-year. For the first half of the year, volume came to $30.6 billion, up less than 1%. Revenue for the company totaled $219.9 million for the quarter, up 21%. For the first half, …

Greenlight Financial Technology Inc. has partnered with Google Wallet to enable its debit card to be loaded into the Google Fitbit Ace LTE smart watch. The partnership is expected to help parents teach their children how to manage their spending and finances through Greenlight’s banking app, the company says. The …

Chase, the banking arm of JPMorgan Chase & Co., has expanded its relationship with third-party delivery service DoorDash Inc. to non-restaurant merchants. The deal will enable Chase Sapphire and other eligible Chase cardholders to receive recurring benefits on orders from more than 150,000 grocery, convenience, and non-restaurant stores in the …

Payment Facilitation: Elevating Your Payment Solutions In today’s electronic ecosystem, software companies have an array of options to create unique payment experiences for consumers. Two prominent options are traditional merchant processing and payment facilitation. Let’s explore their differences and implications. Traditional Merchant Processing Since 1973, traditional merchant processing has been …