Transaction Processing

Speedier funding of merchant accounts has become a key part of the faster-payments trend as sellers seek ways to gain a competitive edge, and on Tuesday JPMorgan Chase & Co. entered the fray with a same-day deposit service for merchants that bank with Chase. The new service, which is being …

Processor Stripe Inc. launched the Stripe Corporate Card, a Visa credit card that can be branded with the merchant’s logo. New merchants can get a card when they sign up for a Stripe account. In addition to 2% and 1% cash-back rewards, the card also offers $50,000 in free payment processing …

The Federal Reserve’s proposed FedNow real-time payments service won’t be live for more than three years, but bankers and other interested parties peppered two Fed officials with plenty of questions about it Monday. The occasion was a 90-minute webinar in which the officials reviewed the ambitious FedNow plans unveiled last …

Five years ago, Apple Inc. laid claim to offering one of the first smart phone-based mobile-payment services, and now some observers say Apple Pay, with an estimated 43% of iPhone owners using the service, may be poised to score a breakthrough. Apple Pay was announced with great fanfare Sept. 9, …

The Nasdaq Stock Market LLC granted an extension to USA Technologies Inc. allowing the provider of vending-machine payments technology more time to file financial statements. The new deadline is Sept. 23.Everlink Payment Services Inc., a payments provider in Canada, expanded deployment of the UP Payments Risk Management platform to eScore, Everlink’s machine-learning antifraud service. …

As the payment-facilitator model matures, hundreds of thousands of fintech and software-as-a-service (SaaS) companies worldwide are realizing they can provide a better customer experience and increase revenues and valuation by becoming a payment facilitator (PF). We’re seeing companies spanning every imaginable software vertical take over their payments business.  Companies like …

Fiserv Inc. said its First Data unit, together with Visa Inc. and Samsung Electronics, is demonstrating a new software-based point-of-sale technology that allows an everyday mobile device to accept contactless payments from contactless cards or phones or wearables equipped with near-field communication. A pilot of the technology is set for Poland …

In 2011, Marc Andreessen wrote his now-famous article, Software is Eating the World, which predicted that software companies would “take over large swaths of the economy.” Due to the wide adoption of broadband, mobile, and cloud-computing technology, Andreessen pointed out that the ingredients were in place for a huge boom …

The big online merchant processor Stripe Inc. on Thursday introduced Stripe Capital for its U.S. merchants, thus joining competitors such as Square Inc. and PayPal Holdings Inc. in providing financing for its merchants. “Stripe Capital makes it easy for Internet businesses to get the funds they need, when they need …

Cyber threat intelligence provider Check Point Research disclosed this week what it says is a flaw in some Android smart phones that enables hackers to send bogus messages that trick users into entering malicious settings that could, among other things, route traffic through a proxy server controlled by the hacker. …