A new tactic Global Payments Inc. began pursuing last year is delivering continuing benefits for the company as its merchant-solutions unit saw year-over-year point-of-sale volume growth of around 20% in the fourth quarter, top management at the big Atlanta-based processor said early Wednesday. Much of the credit for the growth …

FIS Inc. said it is working with Banked, an open-banking provider, to develop new pay by bank services for businesses and consumers. Gateway provider Trice Technologies Inc. said it is a technology provider and real-time payments gateway for the RTP network from The Clearing House Payments Co. LLC. Web services and payments provider GoDaddy …

Minneapolis-based Entrust, a provider of identity technology and data security for payments, said it has entered into exclusive talks to acquire London-based Onfido, a platform for identity-verification based on artificial intelligence technology. Pay-at-table technology specialist Toast Inc. said Choice Hotels International has selected its Toast for Hotel Restaurants portfolio for two Choice chains, Cambria …

Fiserv Inc., already a behemoth in merchant processing, is preparing to straddle its twin pillars of acquiring-bank relationships, on the one hand, and its own acquiring operations through a Georgia bank charter, on the other. The charter, which the big processor applied for last month, has “a very specific purpose,” …

In testing now, the Abrigo Fraud Detection platform is incorporating artificial intelligence into check inspection and image analysis to help banks manage check fraud. Though checks written fell from 15.5 billion in 2018 to 12 billion in 2021, according to the 2022 Federal Reserve Payments Study, they remain a significant …

Time to get serious about AI. The technology has bright promise in all sorts of applications. Given the exponential growth of adoption for artificial intelligence over the last 12 months, it’s only natural that leaders across industries are eager to map out how they might use (or continue to use) …

Machine learning has long been a tool used by payments companies. Now, artificial intelligence is poised to offer even more utility. Safeguards will be needed. Artificial intelligence is on the cusp of changing how payments companies interact with each other and extract insights from the billions of units of data …

The Huntington National Bank launched a secured credit card offering 1% cashback rewards and no annual fee. Secured cards require cardholders to make a one-time, refundable deposit to back activity on the card. Mastercard Inc. and BOK Financial Corp. expanded their agreement making Mastercard the exclusive payments network in BOK’s debit and …

A new way of shopping using the PayPal app and related services is in the offing. Announced Thursday, the update includes a one-click guest checkout experience, digital receipts PayPal calls Smart Receipts, a revised offers platform, and improvements to business profiles for Venmo, its social peer-to-peer payments service. The moves …

Data compromises reported in the United States reached a record high in 2023, totaling 3,205, a 78% rise over 2022 and up 72% from the then record high of 1,860 in 2021, according to the Identity Theft Resource Center’s annual Data Breach Report. It is the first time the number …