Mobile Wallets

Presto Automation Inc., a provider of artificial intelligence-based solutions for drive-through restaurants, is rolling out its voice-ordering system at participating Carl’s Jr. and Hardee’s drive-throughs nationwide. San Carlos, Calif.-based Presto had been piloting the technology at select Carl’s Jr. and Hardees locations. Carl’s Jr. and Hardees, which together have about …

Buoyed by Cash App, services, and a move up market Block Inc., parent of Square and Afterpay, generated nearly $5 billion in first-quarter revenue, a 25% increase from $4 billion in the same quarter a year ago. Its transaction-based revenue of $1.42 billion was a 15% increase from $1.29 billion …

Shift4 Payments Inc. is still waiting on approval from European regulators to complete its $525-million Finaro acquisition, but in the mean time the Allentown, Pa.-based processor has been busy expanding in its home market. That expansion includes yet other acquisitions aimed at consolidating Shift4’s grip on the restaurant point-of-sale market, …

The Western Union Co. says its decision to join the early set of providers in Visa Inc.’s interoperable peer-to-peer payments service called Visa+ reflects its business. Visa+ allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between …

Fiserv Inc. has partnered with conversational-commerce platform provider Authvia to enable independent software vendors to offer a text-to-pay solution through Fiserv’s CardPointe gateway. The offering, which was developed in response to the growing use by businesses of tools to communicate with consumers via text and chat, allows businesses to bill, …

Businesses were quick to adopt online chat platforms as a handy meeting tool during the pandemic, and now payments providers are starting to target the services as a new venue for transactions. One of the first is GoDaddy Inc., which on Monday announced it is working with Microsoft Corp. to …

Amazon.com Inc.’s deal with Citibank N.A. to add Citi Flex Pay, the card issuer’s installment-loan program, to its Amazon Pay digital wallet is expected to pay big dividends for both parties. By adding Citi Flex Pay, Amazon Pay will gain access to one of the largest cardholder bases in the …

The impending arrival of a commercial real-time payments service from no less an entity than the Federal Reserve will be a major event, but one Mastercard Inc.’s top brass says the card company will take in stride. “We’ll have to wait and see how it plays out, we’re well-positioned,” Michael …

Payment processor and core banking provider FIS Inc. posted first quarter revenue of $3.51 billion, a 0.6% increase from $3.49 billion in the same quarter in 2022. Its net income of $141 million was 17.5% greater than the $120 million profit a year ago. FIS’s merchant solutions segment had revenue of $1.1 …

The official launch of FedNow as a commercial service is set for July, but already the nation’s banking regulator, along with observers, have seen a pattern in where initial participants have been using the real-time payments service. “We’re starting to see more activity around business-to-consumer [payments], related to payroll front …