Using a debit card as a card-on-file payment accounted for 25% of debit transactions made in the second quarter, says the SoFi Tech Solutions Debit Spend Index. That’s up from 24% in the first quarter, and marks the payment method’s rise past card-not-present debit transactions as the most popular. SoFi …
Read More »CardFlight Adds ACH Acceptance to its SwipeSimple POS App
Automated clearing house payment acceptance is now available in the SwipeSimple point-of-sale app from CardFlight Inc., adding invoice and payment links to the mix. New York City-based CardFlight says ACH acceptance is immediately available to merchants processing with Nuvei Corp., which is providing the technology for it. Launched in 2014, …
Read More »Eye on Cards: Citi’s Kard Acquisition; Grandstand’s High-Roller Debit Card; Lithic’s Tie With Monavate
Citigroup Inc.’s U.S. consumer-cards business says it will acquire card-marketing specialist Kard Financial Inc., while card issuer processor platform Lithic pairs with Monavate and online-gaming specialist Grandstand Ltd. issues a high-limit debit card. Citi, which has not disclosed terms of its deal, says New York City-based Kard provides personalized rewards …
Read More »A Year In, Zelle tag Enrollment Surpasses 1 Million Small Businesses
Just one year since its launch, the Zelle tag, a personalized identifier to make it easier for small businesses to accept Zelle payments, is in use with more than 1 million small businesses and has an average daily enrollment of 3,500 in the first two quarters of 2026, Zelle says. …
Read More »Five Years Later, the Beneficial Ownership Rule Will End
Created as part of the Corporate Transparency Act in 2021, a rule that required millions of U.S. small businesses to report their ownership structures to the Financial Crimes Enforcement Network, or FinCEN, will officially end following a final rule from FinCEN. The original reporting rule, meant to combat money laundering …
Read More »Eye on Small Business: Square Expands its Credit Card Program; J.P. Morgan Backs Dream Payouts’ Launch
Small businesses dominate the U.S. economy, and two payments companies are taking steps to ensure they offer relevant services. First, Square added 3% cash back on Square Bill Pay transactions and the ability to pay vendors even if they don’t accept cards. And, with J.P. Morgan Payments’ backing, Dream Payments …
Read More »Consumers Like AI for Product Discovery, But Don’t Fully Trust It for Purchases
As artificial intelligence continues to make gains in consumers’ purchasing decisions, most are not quite ready to fully trust an AI agent to make a purchase on their behalf, with just 35% globally wanting human approval before an AI completes a purchase, finds a new report from RTB House. Released …
Read More »Pay-By-Bank Enters Agentic Commerce with a Sionic and Agentix Tie-up
Account-to-account payments are about to meet the agentic-commerce age with a new partnership between Sionic, a bank-to-bank payments provider, and Agentix, an agentic-commerce technology firm. In the deal, Atlanta-based Sionic will supply an artificial-intelligence shopping agent with its Bank Perks to enable payment directly from a user’s bank account. Bank …
Read More »Square, Toast Jump into AI-Boosted Google Maps
Ask Maps brings artificial-intelligence commands to Google Maps, with Square and Toast Inc. among the first point-of-sale system companies to enable agentic food ordering within Maps. Google is integrating elements of its Gemini AI engine into its Maps product to enable users to ask for complex, multi-step tasks such as …
Read More »Swift, J.P. Morgan And BofA Usher in Faster International Money Transfer
Swift, a financial-messaging platform, said its new international money-transfer service is now live in the United States, with Bank of America Corp. and J.P. Morgan online with the service. The move follows recent launches in Canada and Germany. Swift says the new service will show recipients the full transaction amount …
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