RaceTrac Inc., an Atlanta-based convenience store chain with more than 800 locations, is debuting cardless payments for truck drivers via the 10-4 by WEX app. The free app enables independent owner-operators to pay for diesel fuel without a physical card at the pump. Users upload their credit or debit card …

Payments provider Global Electronic Technology Inc., known as Gettrx, launched a white- label platform for agents, independent sales organizations, and independent software vendors that could help them compete against larger payment processors. The platform, called Gettrx One, enables agents, ISOs, and ISVs to market the service under their brand at …

Some consumers better hope Santa Claus doesn’t read the latest fraud report from Socure, a fraud-prevention and authentication provider. It found 13% of U.S. consumers committed first-party fraud during the 2024 holiday-shopping season. Often called friendly fraud, first-party fraud occurs when a consumer exploits return and refund policies for financial …

The U.S Faster Payments Council has released fresh guidelines to help financial institutions add send capabilities to their instant-payments functions, a component just as critical as the ability to receive fast transfers. Among the pieces of the “Guideline.02: Operational Considerations for Instant Payments Send-Side Primer” are items explaining the instant-payment …

The Consumer Financial Protection Bureau said Thursday U.S. open-banking standards will be developed under the aegis of Financial Data Exchange Inc., a standards-setting body. The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, …

Point-of-sale systems makers are already putting 2025 to work, with multiple announcements from vendors. First, Elo Touch Solutions Inc. launched a 10-inch point-of-sale system for retailers and restaurateurs. The Elo Pay 10” is built on the Android operating system. In addition to contact and contactless payment acceptance, the device has …

Small-business sales were up 4.9% year-over-year in December as consumers maintained strong retail spending while diverting more to service-based businesses, found the latest Fiserv Small Business Index. Launched a year ago, the index analyzes transaction data from approximately 2 million U.S. small businesses on the Fiserv Inc. and Clover point-of-sale …

The outlook for payments in 2025 will be rife with open finance, instant payments, multi-rail payments, interchange questions, and the increasing use of artificial intelligence, observers suggest. The top three payments trends next year will be open finance, instant payments adoption, and point-of-sale innovations, says Capgemini Research Institute in its …

The demand for more flexible pricing from independent software vendors using Worldline’s payment-processing services has spurred a new pricing model. Dubbed FlexPricing, the feature enables ISVs to adapt their pricing strategies to best suit them, Worldline says. Among the capabilities: charging a percentage fee on bank transfer transactions, adding custom …

A court ruling in Texas earlier this month has delayed an ownership reporting requirement mandated by the Corporate Transparency Act. That is not likely to be a reason to rejoice because a future court could uphold the requirement. Under the act, which went into effect Jan. 1, businesses were supposed …