Led by robust growth in its merchant-processing unit, FIS Inc. Tuesday morning heralded a strong second quarter, with record sales and with momentum continuing deeper into the summer, according to the Jacksonville, Fla.-based company’s top executives.  Speaking to equity analysts to discuss the company’s second-quarter results, management also outlined a …

Square Inc.’s acquisition of Afterpay Ltd. is expected to give Square a ready-made product in the hotly competitive buy now, pay later market that it can quickly plug into its consumer and merchant applications to make it an immediate force in BNPL.  Square on Sunday announced it was acquiring Afterpay, …

The Zelle peer-to-peer payment network processed $120 billion on 436 million transactions in the second quarter, up 58% and 68%, respectively, year-over-year, according to network operator Early Warning Services LLC.Card-present transactions at small businesses are up 83% over the pre-Covid baseline of March 2020, according to the latest CardFlight Small Business Report. The …

The case against it is mostly fallacious. The one for it is unavoidable. By the late 1980s, MasterCard was removing humans from the authorization cycle, replacing them with modems. By the 1990s, the Internet was connecting the last mile to merchants, replacing modems with instant authorization. Will the 2020s be …

Buy now, pay later specialist Afterpay Ltd. said it is now available through its app to customers of Amazon, CVS, Dell, Kroger, Macy’s, Nike, Target, Walgreen’s, and other major brands.EVO Payments Inc. has added automated clearing house processing to its PayFabric gateway. EVO’s ACH processing can be integrated into a merchant’s Web site …

Pundits have predicted for months that cash acceptance will decline markedly as consumers rush into electronic payments. But sellers view cash as a less-expensive option for them, and some payments providers are looking to cater to that view. On Monday, VizyPay LLC said it is opening its cash-discount app to …

Payments provider Fintainium said it is working with Visa Inc.’s real-time push-payment network, Visa Direct, and CIT Inc. to let merchants access cash flow and consumers receive payouts.Progressive Care Inc. said its PharmCoRx pharmacies is accepting Bitcoin in payment for Covid-19 rapid-testing services. The company began accepting cryptocurrency in 2018.ParkMobile LLC said its mobile app is …

Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., …

At its fifth annual partner and developer conference, Square Inc. on Thursday announced three new tools for software developers: Snippets API for Square Online, Loyalty API, and the Web Payments software development kit (SDK). The new tools arrive as e-commerce volume has exploded in the past year and as larger …

Flywire Corp. said users of its education payment service can now use Discover and Diners Club International cards to pay tuition and fees at educational institutions served by Flywire.The chief executives of 21 banks plus Fiserv Inc. and Jack Henry & Associates signed a letter committing their organizations to real-time bill …