Credit cards may dominate online use, but debit cards make up a hefty share, too, with 54% of U.S. adults using the former and 49% choosing a debit card in a 30-day period, according to a YouGov.com report. That online debit use has emerged as a key area for banks …
Read More »Another Merchant Lawsuit Settlement Is Reached, This One on EMV-Related Chargebacks
A lawsuit filed in March 2016 over how the four U.S. card brands handled the liability shift during the EMV migration more than 10 years ago, along with unreimbursed chargebacks associated with it, has reached its next step. The suit is over unreimbursed liability-shift chargebacks made with a credit or …
Read More »Cash App Intros Its Moneybot AI Tool Amid a Range of New Features
It’s a big update day for users of Cash App, the money-movement service from Block Inc., as a new artificial-intelligence tool, a borrowing service, and cryptocurrency options are added. Announced Thursday, the roster of 11 product updates to Cash App, which launched in 2013 as a person-to-person payment method called …
Read More »PayPal’s BNPL Crosses into Canada While Venmo Debuts Rewards
It’s a busy day for PayPal Holdings Inc. and its payments services. Five years after launching PayPal Pay in 4 in the United States, PayPal now offers the buy now, pay later product in Canada. PayPal also said Venmo, its social-based money movement service, launched Stash, a rewards program for …
Read More »Affirm’s Results Boost Its BNPL Ranking
Buy now, pay later specialist Affirm Holdings Inc. says Amazon.com Inc. extended by five years its deal with Affirm to offer installment-payment services, an option first offered in 2023. The move comes as Affirm posted $933.3 million in revenue for its 2026 fiscal first quarter. Affirm, in a shareholder letter, …
Read More »Nuvei Adds Visa Direct for Account
Faster payments continues to be among the more advanced payment options coming from acquirers and processors. Now, Nuvei Corp. is among the first to integrate Visa Direct for Account, the processor says. Announced Thursday, the integration means clients on the Nuvei platform can use Visa Direct for Account to send …
Read More »Toast Adds 7,500 Locations in the Third Quarter
Toast Inc. is coming on strong when it comes to adding new locations for its point-of-sale system, with 7,500 net new locations added in the third quarter. That brings it locations total to 156,000 globally as of Sept. 30. It added 8,500 locations in the second quarter and more than …
Read More »Paze Eyes More Expansion As It Adds Partnerships
Paze, the online checkout service from Early Warning Services LLC, may usher in a new phase for the service in 2026. That’s the suggestion from Eric Hoffman, chief partnerships officer at EWS. “2025 was a big year in building partnerships and we’re excited to see the fruits of those efforts,” …
Read More »PayPal and Google’s Agentic Commerce Pairing Supports Merchant Controls
As agentic commerce develops, payments and technology companies are teaming up to ensure this next permutation of e-commerce is available to merchants and consumers. PayPal Holdings Inc. and Google Cloud are the latest examples with the announcement of a service that combines Google Cloud’s Conversational Commerce agent with PayPal’s payments …
Read More »Eye on BNPL: Splitit Adds Debit Cards as BNPL Funding Source; Affirm Expands Worldpay Partnership
Buy now, pay later providers continue to make inroads in payments, with Splitit Payments Ltd. integrating a service to make it easier for banks to offer their customers installment plans at checkout. Meanwhile, Affirm Holdings Inc. expanded how it works with processor Worldpay LLC by integrating its BNPL service into …
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