The shares of Visa Inc. and Mastercard Inc. reached all-time highs Wednesday following a report from The Wall Street Journal that the two major card networks plan to raise interchange and network fees in October and April. Visa closed at $246.23 per share, and Mastercard at $413.91. The networks have historically introduced new pricing …

Sixty-three percent of consumers in a survey of U.S., U.K., and German shoppers say they prefer to shop in person rather than online, with 70% of U.S. shoppers saying so. The results, released by payments platform Digital River, stemmed from a canvass of 3,000 consumers across the three countries. Garmin launched its …

Restaurant point-of-sale provider Snack POS has agreed to offer EMV terminals from Pax. Soundhound AI Inc., a specialist in artificial intelligence, said it will work with online-ordering platform ChowNow to help restaurants answer and respond to customer calls. Payments provider Nayax Ltd. is working with loyalty-technology platform Giift to enable consumers to convert loyalty …

VSoft Corp., a specialist in financial-services technology, said its core-processing and digital-banking platforms are processing real-time transactions through an integration with instant-payments provider Pidgin. Payments providers ACI Payments and Link2Gov Corp. have been awarded Internal Revenue Service contracts worth $2.07 billion to support credit and debit card payments for taxes and user …

Buy now, pay later provider Affirm Inc. posted fiscal fourth quarter revenue of $445.8 million, up 22.4% from $364.1 million in the quarter ended June 30, 2022. Its quarterly loss of $206 million broadened from $186.4 million a year ago. For the full year, Affirm had $1.588 billion in revenue, up 17.7% …

OSHA Outreach Courses, which provides workplace training services to employers and employees, said it has added a buy now, pay later option to pay for its instructional offers. Shift4 Payments Inc. has been named the official payment processor for the Cleveland Cavaliers of the National Basketball Association. Shopmium, a cash-back shopping …

Restaurant point-of-sale provider TouchBistro launched a set of back-of-house technologies, including profit-management and kitchen display systems. Payments provider NMI released first-half 2023 results indicating the company ended the period with connections to more than 3,900 independent software vendors, sales agents, and fintechs. So far, these links have generated more than 2.3 billion transactions and …

Feedzai, a U.S. fraud-detection and -prevention company, will offer its services in Latin America through a partnership with Dock, a payments provider specializing in services for that region. TreviPay, a U.S.-based business-to-business payments provider operating in 32 countries, introduced a service to support cases where buyers ask to be invoiced …

Community financial institution Five Star Bank launched tap-to-pay on iPhone capability for its business clients, allowing merchants to accept contactless payments directly on their iPhones. Fluency, a provider of technology for central bank digital currencies, said it has been selected by Mastercard Inc. to work with the card network on CBDC initiatives. Payments provider Novo …

Upgraded, a service that lets Apple MacBook buyers pay over time, announced it is launching in the United States in a partnership with Citizens Pay, a point-of-sale financing service of Citizens Bank. Adyen NV, a Dutch payments platform that competes in the U.S. market against companies like Stripe, Fiserv, PayPal, …