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- Some 53% of U.S. consumers carry a balance on their credit cards in response to rising costs, while 25% carry a balance for six months or more, says a survey from personal-finance platform Achieve. The research, conducted in March by the Achieve Center for Consumer Insights, queried 2,000 consumers.
- Xero, a payments platform for small businesses, said a previously announced integration with AI firm Anthropic has gone live, enabling Anthropic’s Claude technology for Xero’s clients.
- The U.S. Department of Justice said it resolved a fair lending investigation into PayPal Holdings Inc. that will see PayPal waive the processing fees for $1 billion in transactions, a value of approximately $30 million, as part of the settlement. The investigation focused on the Economic Opportunity Fund PayPal created in 2020.
- Shift4 Payments Inc. said Boozt, a Nordic region online department store, will use its card acquiring and settlement services via Boozt’s Konor payment gateway.
- Amazon.com Inc. released its new Prime Business and Amazon Business credit cards. Issued by U.S. Bank and bearing the Mastercard Inc. brand, the cards had been issued by American Express Co.
- Pavilion Payments named Kaiu Pettigrew executive vice president and chief information officer. Pettigrew comes to the gaming payments specialist from First Hawaiian Bank.
- Fraud prevention provider Forter named Jennifer Howard chief merchant, a first at Forter. Howard, who has worked at Levi Strauss and Gap, will be in charge of growing Forter’s merchant base.
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