A new federal lawsuit against Apple Inc. alleges the iPhone maker restricts competition in peer-to-peer payments by hampering rivalry with its own Apple Cash app. The restrictions, the suit charges, include provisions against what the suit calls “feature competition,” such as cryptocurrency payments, that could moderate pricing for peer-to-peer payment …

We know you’re not looking for problems. But they are looking for you. Here’s our annual catalog of the ones causing the most headaches. If adversity breeds strength, as the old saying goes, then payments professionals may have plenty of opportunity to develop their strategic and tactical biceps. The industry …

Like a thunderclap, on Oct. 25 the stock price of continental Europe’s biggest payment processor, Worldline, plummeted 59%. It’s down a whopping 88% from its high in April 2021. Macroeconomic conditions are to blame, but so are Worldline-specific factors. The reign of easy money is over. Easy money inflates valuations. …

Shift4 Payments Inc. has reached an agreement to become the processor for timeshare rental and resale marketplace RedWeek.com. Under the terms of the deal, Shift4 will process RedWeek.com’s timeshare rental and membership transactions, handle direct customer billing and recurring payments, and manage chargebacks, fraud, and reporting capabilities. A competitor to …

Though not as credit and debit card friendly as some industries, the legalized cannabis industry continues to create opportunities for payments companies. Among the latest developments are the release of POSaBIT Systems Corp.’s latest point-of-sale system and a new program from Organic Payment Gateways. Bellevue, Wash.-based POSaBIT says its POSaBIT …

Mastercard Inc. denies an assertion it intends to raise interchange rates in October following an Aug. 30th story in The Wall Street Journal about interchange rate adjustments expected from Mastercard and Visa Inc. in October and April. Mastercard said the article relied on a report from an advisory firm that is advocating for legislation that …

With FedNow joining RTP in the race for real-time payments, a hugely practical service called request for payments could take off. If you’re not a payments geek, you could be forgiven for wondering what all the fuss was about when the Federal Reserve announced in July that its real-time payments …

As consumers seek greater value from what they purchase, merchants are responding by diversifying their products and services to know their consumers better and grow sales, research from Square, Block Inc.’s merchant-processing unit, says.   One way merchants are engaging consumers on a deeper level is through subscription services, which …

Bluevine Inc., a provider of business-banking technology, has launched an accounts-payable solution for small and mid-size businesses. The application enables SMBs to manage bill payments from their Bluevine Business Checking account. SMBs can upload bills and invoices to a dashboard for viewing and to schedule payments. Supported payment options include …

Growth in same-day automated clearing house volumes slowed in the second quarter, but same-day ACH is still posting impressive gains from 2022, according to the latest data from ACH governing body Nacha. Herndon, Va.-based Nacha says the second quarter saw 199.4 million same-day ACH payments, up 7.7% from 185.1 million …