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Toast Responds to FTC Allegations Regarding Fees And Support
Mastercard’s Plans for a ‘Turning Point’ in Agentic Commerce
One of the biggest trends in payments these days is agentic commerce, and the major card networks are making sure they can master the trend on behalf of banks and merchants. The payoff can be substantial. “AI is changing how commerce happens, and that leads to more transactions for Mastercard,” …
Read More »Visa Posts a Robust Final Quarter to Fiscal 2026
Visa Inc. late Tuesday reported a strong September quarter featuring a 13% year-over-year rise in revenue to $12.1 billion, generating GAAP net income of $6 billion. The financial momentum stemmed from a 9.5% increase in payments volume, to $4.08 trillion in constant dollars. For the full fiscal year ending Sept. …
Read More »After a Court Ruling the Durbin Debit Cap Is Poised for a Rewrite
The Federal Reserve is now required to rewrite the key interchange limits included in a controversial 15-year-old debit card rule following a federal appeals court decision Monday striking down an interchange cap the Fed established in 2011. The Fed could still appeal the ruling to the U.S. Supreme Court. Interchange, …
Read More »The Faster Payments Council Issues a Guide on Messaging
The U.S. Faster Payments Council on Friday released guidelines for messages that financial institutions use in association with real-time payments or other transfers processed within a matter of hours or minutes. Such messaging can cover matters related to payment requests, return of money, payment status reports, and exchange of other …
Read More »AmEx Keeps a Tight Rein on AI As It Posts Record Revenue
How Bojangles Is Using AI to Serve Drive-Through Traffic
For some restaurant chains, innovation is coming in force to the common drive-through, with the latest example emerging early Thursday with the chicken-sandwich operator Bojangles’ announcement that it is extending an agreement to deploy an AI-based drive-through ordering technology from Tel Aviv-based Hi Auto Ltd. Charlotte, N.C.-based Bojangles, which operates …
Read More »Nacha Reports More Faster Payments Gains
Total payments on the nation’s automated clearing house network grew 5.9% year-over-year in the third quarter, a performance that included a 37% rise in same-day transactions, to 470.4 million, Nacha reported early Tuesday. The burst in same-day volume comes as companies and banks continue to move toward faster payments, whether …
Read More »Square Enlists Marqeta for Its Business-Oriented Credit Card Program
Square has adopted services from card-issuing platform Marqeta for the Square Credit Card, a business card aimed at use by merchants. The card runs on the American Express network and is part of an effort by Square to consolidate its card programs into a single processor. Square, a unit of …
Read More »Marqeta Works With Coinbase on Cards Backed by Stablecoins
