Theft of loyalty points has become a serious issue in the travel industry. But is it being taken seriously by hotels and airlines? With a new year comes new optimism that there will be a return to activities like travel. Some consumers will log in to book travel for the …

It’s become more common and harder to detect. Here are some measures that can help cut it down to size. Forced to work from home during Covid-19, accounts-payable departments have accelerated plans to move away from paper checks and pay more of their suppliers through the automated clearing house. That, …

Governments are moving closer to issuing digital money. That could introduce some benefits—but also many risks and complications. Central bank digital currencies (CBDCs) are coming, slowly but inevitably. They can be retail (for use by consumers and businesses), wholesale (for use between financial institutions), or both. Evangelists enthuse they’ll improve …

Payments provider Lightspeed Commerce Inc. announced new features for its Lightspeed Restaurant point-of-sale technology, including order throttling, a feature that helps manage spikes in demand.Software firm Launch Cart said it will introduce on Feb. 2 its On-Demand eCommerce SaaS platform, intended to ease entry into e-commerce for small business owners and entrepreneurs.Payments provider Paysafe Ltd. said …

Amazon.com Inc.’s decision to pull back from its threat to stop accepting Visa cards issued in the United Kingdom may have evoked a sigh of relief among some consumers, not to mention at Visa itself, but it also could betoken some complex dynamics behind the decision-making at both corporate giants. …

Dismissed until recently by many in the payments industry as a fantasy, cryptocurrency as a payments medium continues to step toward center stage. Early Thursday, transaction processor Computer Services Inc. said it will work with NYDIG to help community banks support their customers who want to buy, sell, or hold …

The chip shortage plaguing POS terminal makers is starting to inflict pain on payment card manufacturers. The forecast for 2022 is that the worst is yet to come. It was only a matter of time before the semiconductor shortage plaguing manufacturers such as auto and computer makers trickled down to …

LINGA rOS, a provider of restaurant point-of-sale technology, said it will work with Evertec Inc., a payments processor concentrated in the Caribbean and Latin America, to serve the hospitality market in those regions.Unattended payments provider Cantaloupe Inc. announced Enhance, an artificial intelligence and machine learning technology-based service from Hivery, a data-science company, …

Building on the concept of transferring money directly from a bank account to a debit card, Astra Inc., a provider of bank-to-bank transfer technology, has introduced an application programming interface that enables money to be transferred from one debit card to another using the debit card networks.  The API, which …

Six U.S. Senators sent a letter to Rohit Chopra, director of the Consumer Financial Protection Bureau, asking the agency to initiate a review of buy now, pay later products with a view toward introducing consumer protections. All six Senators are Democratic members of the Committee on Banking, Housing, and Urban Affairs.Online gaming operator PointsBet has …