The Federal Trade Commission has launched a probe into whether security tokens issued by Visa Inc. and Mastercard Inc. interfere with the ability of processors to route debit card transactions to alternative networks, according to The Wall Street Journal. Network choice for debit card transactions is mandated by the Durbin Amendment to the 2011 …

Fintech app Karma launched Pay with Karma, an embedded checkout service that enables for consumers a simplified purchase experience across different retailers with multiple payment options.Ammo Inc., owner of GunBroker.com, an online marketplace for the firearms and shooting-sports industry, said it will launch a proprietary payment-processing platform on or about Jan. 1.Mastercard …

Priority Technology Holdings Inc. said it is working to integrate omnichannel products from Valor PayTech into the Priority MX Merchant ecosystem.Raiven Capital said it has exited from an unspecified early-stage investment in Whizmo, a fintech that helps small businesses in emerging countries convert from cash acceptance to contactless payments.Mastercard Inc. launched Start Path …

Credit unions and other credit card issuers cheered as the provisions of the proposed Credit Card Competition Act fell short of becoming an amendment to a defense-authorization bill in Congress. The bill’s sponsors, including Sen. Richard Durbin, D-Ill., had attempted to attach the CCCA to the defense bill as a shortcut to making it …

A new Juniper Research report forecasted e-commerce fraud will exceed $48 billion globally in 2023, up from $41 billion in 2022.BJ’s Wholesale Club has selected Capital One as the issuer of the retailer’s cobranded Mastercard, which is set to launch early next year.Galileo Financial Technologies said it has been Visa Ready certified as an …

Retailer Hollister Co. announced Share2Pay, a payment option that enables consumers to share their digital shopping bag with their purchaser, such as a parent or grandparent, to complete the purchase. Developed in-house, the service, in testing, found that customers who shared their bags placed orders at almost twice the rate of other …

Mastercard Inc. said it has approved the first cards for issuers that will work with new contactless specifications from the international standards body EMVCo aimed at defeating attacks from both traditional and quantum computers.In related news, Mastercard launched Global Treasury Intelligence, an analytics platform for businesses.Bank of America said its Pay by Bank service can now …

U.S. retail sales, excluding automotive, increased 11% in September from September 2021, Mastercard Inc.’s latest SpendingPulse report found. E-commerce sales were up 10.7% year-over-year. The fuel and convenience sector had the highest growth, at 23.5%, last month. The luxury sector experienced a 5.2% loss against September 2021 sales.U.S. consumers plan to spend …

The ride-share provider Uber is working with card-issuing platform Marqeta and fintech bank Branch to launch the Uber Pro Card, aimed at allowing drivers and couriers to earn cash back on gas, fees, and other costs. The card will be enabled through digital wallets.London-based International Game Technology PLC has expanded operations in the …

The SWIFT international payments network announced two tests it has completed have shown that central bank digital currencies and other tokenized assets can be handled without incident on existing processing technology.In related news, the fintech CryptoBucks said its CrytoBucks Wallet is available for download from the App Store and Google Play. The wallet allows …