All eight hotels in The Kessler Collection will accept Bitcoin and other cryptocurrencies under an agreement with digital-currency processor BitPay Inc. Guests will receive an email, from which they may pay using their crypto wallet.Personas Social Inc. launched its Paysonas payment-processing platform, which supports online real-time debit and Bitcoin.Menufy, a provider of online-ordering …

Some 47% of U.S. adults have reported identity theft over the past two years, while the fraud’s toll ballooned to $712.4 billion in 2020, up 42% from 2019, according to a report released Tuesday by Aite Group, a Boston-based research and consulting firm, and sponsored by Giact, an Allen, Texas-based …

Cash purchases fell to historic lows in 2020 as consumers shifted their payment preferences to contactless technologies such as mobile wallets, according to the 2021 Global Payments Report by Worldpay from FIS Inc. Cash transactions represented just 20.5% of global point-of-sale volume in 2020, down from 30.2% 2019, according to …

In an effort to move automated clearing house transactions closer to real-time, E-Complish, a New York City-based payment processor, announced Monday it has teamed with data network Plaid Inc., to validate a bank account, and the funds in it, for ACH transactions. The service makes it possible for E-Complish customers …

Buy now, pay later specialist Klarna AB raised $1 billion in an oversubscribed equity funding round that pegged the company’s valuation at $31 billion. Major U.S. clients include Macys, Etsy, Sephora, Ralph Lauren, and Urban Outfitters.In related news, BNPL provider Splitit Payments Ltd. announced its merchant sales volume increased almost 180% in 2020 to …

By shifting stores and consumers to contactless payment, the pandemic made it easier to stop fraud.  One year into a global pandemic, and our lives will never be the same. The way we work, shop, travel, and entertain ourselves have all seen major changes during a year of living surrounded …

Hampered early on by Covid-19, The Western Union Co. late Wednesday said its growing digital-transfer business helped buoy its results for the fourth quarter and the full year. Overall, revenue from digital transfers, including activity on Westernunion.com, grew 36% in the fourth quarter year-over-year and accounted for just over one-fifth …

The Western States Acquirers Association announced two new board members, Amanda Beam of Humboldt Merchant Services and Glenn Smith of NCR Corp. Also, Scott DeFazio, Fiserv Inc., was elected secretary for 2021 and Jason Putnam, The Independent Bankers Bank N.A., Deborah Camm, SafraPay, and Lane Connor, Fuzse, were reelected as president, vice …

Fiserv Inc. on Wednesday announced CardFree Cash, a new feature within its CardValet mobile-banking app that allows consumers to facilitate a cash withdrawal from an ATM using their mobile phone. The service is available to financial institutions nationwide. Consumers can use CardValet at 30,000 Diebold Nixdorf and NCR ATMs driven by …

The FedNow real-time payment service will launch commercially in 2023, the Federal Reserve said, narrowing the launch date from the 2023-24 timing it has projected since announcing the project in 2019.Fuel retailer Valero Energy Corp. said it is working with payments-technology provider P97 Networks to launch a mobile app that allows users to activate …