Credit Cards

Thirty-nine percent of consumers would ditch traditional banking for peer-to-peer and social media app payments, found a survey of 1,000 U.S. consumers from GoCardless, which provides account-to-account payment services. Younger consumers are much more inclined than older consumers with 54% of Gen Z, the youngest, and 56% of Millennials, willing to …

Capital One has partnered with fraud-detection firm Signifyd Inc. to raise authorization rates and reduce mistakenly declined transactions on Cap One credit card transactions.The Internal Revenue Service on Friday sent more than 430,000 Advance Child Tax Credit payments via same-day ACH on the automated clearing house network, according to Nacha, the governing body …

Seeking to provide online merchants with a lower-cost payment option and consumers a better user experience, a 3-year-old, Toronto-based payment-service startup called Clik2pay is enabling Canadian consumers to pay for online purchases directly from their bank accounts at participating merchants. The new payment option, which launched Thursday, leverages the Interac …

American Express Co. said it is working with Extend, a virtual card specialist, to expand its virtual card options for U.S. businesses.Gift card provider Factor4 LLC said it is work with SavorConnect, a cloud-based integration platform, to make its gift cards that can used online, in stores, and with mobile devices available on …

New research suggests buy now, pay later users may not be shunning traditional retail credit products in favor of the installment-payment option. That’s one finding from TransUnion LLC’s “Understanding the Evolving Point-of-Sale” report released Thursday. The data show that 76% of the point-of-sale financing applicants had a retail card in …

Payments-technology provider Repay Holdings Corp. has agreed to partner with business-to-business funds-transfer fintech Veem Inc. to increase cross-border payment options. At the same time, Veem will deploy Repay’s business-to-business virtual card and acquiring platform.InsurCard, a payment processor specializing in health care, launched a Mastercard debit card for persons who have received a …

As the buy now, pay later payment option continues to permeate commerce, Affirm Inc. fine tunes its repayment options and Uplift hooks SeaWorld as a client. San Francisco-based Affirm says its new Adaptive Checkout gives consumers the option to pay in biweekly or monthly installments. The service will dynamically present a …

Chevron Products Co. said it is working with mobile-payments technology provider P97 Networks Inc. to enhance the company’s mobile apps for both Chevron and Texaco customers.Mercator Advisory Group’s “18th Annual U.S. Closed-Loop Prepaid Cards Market Forecast 2020-2025” found that closed-loop prepaid card loads dropped 14% because of the pandemic, but are expected …

The First National Bank of Omaha launched a buy now, pay later service that enables merchants to offer installment payments to consumers. FNBO tapped EXL, an operations management and analytics company, and Skeps, a point-of-sale loan originations platform, to help develop the service. The BNPL service can be integrated into e-commerce Web …

Payments provider Priority Technology Holdings Inc. completed its acquisition of Finxera Holdings Inc., a provider of banking-as-a-service software. Terms of the deal, which was announced in March, were not announced.Payment-fraud prevention provider Inetco Systems Ltd. launched BullzAI, a single technology combining a Web application firewall with a real-time fraud-detection and blocking system.The Tampa Hillsborough …