Processor FIS Inc. said it will soon release Smart Basket, technology designed to automatically optimize rewards and payment methods at checkout. Mastercard Inc. and Visa Inc. reached a proposed settlement of $199.5 million in a class action lawsuit a group of merchants filed almost 10 years ago, Reuters reported. The settlement still requires …

E-commerce specialist Global-e said Shop Pay’s one-click checkout is now available for its merchants using the Shopify platform. C-store chain Circle K has partnered with Car IQ, a vehicle-based payments platform, to launch Circle K Pro Digital +, a U.S.-based payments service for fuel, tolls, and other vehicle-related payments. Payroc announced it has enabled …

Mastercard Inc. unveiled Merchant Cloud, a payments platform aimed at easing the way for businesses to conduct commerce globally while entering new markets and adopting new end-user technologies. Block Inc. said it will work with food-delivery service Grubhub to overhaul restaurants’ ordering systems by integrating with Square’s point-of-sale platform and adding Cash …

Klarna Group plc said it will support the AI-based Agent Payments Protocol from Google Inc. The technology allows shopping agents to find and buy products according to criteria set by consumers. Xplor Pay announced a partnership with Gatemaster Technology, a point-of-sale and ticketing software provider, that sees Gatemaster customers gain access to …

Advisory firm Deloitte issued a report that forecasts authorized push payment fraud in the United States could conservatively swell to $12.4 billion in losses or more aggressively to $18.2 billion by 2028 from the 2024 tally of $8.3 billion. Payroc World Access LLC has closed on its acquisition of BlueSnap Inc., a payments-orchestration and …

New research from Datos Insights found that credit and debit cardholders globally made 1.1 trillion purchases worth $45.5 trillion in 2024. Buy now, pay later provider Splitit launched its Agentic Commerce Partner Program, an invitation-only effort to bring card-linked installment payments to autonomous shopping agents. Some 86% of restaurant operators are comfortable with the …

The processor Worldpay said it will offer commercial and business customers of East West Bank access to point-of-sale, e-commerce, and loyalty technology under a new agreement. FIS Inc. has agreed to sell Worldpay to Global Payments Inc. in a deal that is expected to close in the first half of next year. Block Inc. has …

Helcim announced it is the first payments provider to be included in the Verizon Business Marketplace, a software market for small and mid-size businesses. The news follows Helcim’s launch in April of Faster Deposits, a service aimed at delivering next-business-day funding of digital-payment receipts to merchants. Stax Payments, a payments-technology provider, said …

Global Payments Inc. announced a version of its Genius point-of-sale payments platform is available for colleges and universities in the U.S. and Canada, including campus dining. The U.S. Faster Payments Council will work with the Accredited Standards Committee X9 Inc., a developer of standards for the U.S. financial industry, to speed development …

Loan payouts are picking up steam as a use case for instant payments, joining such applications as earned wage access, wallet funding, marketplace/gaming, and peer-to-peer payments, according to the 2025 U.S. Instant Payments Adopting Quantitative Study from the U.S. Faster Payments Council. Respondents to the study serve more than 90% of U.S. …