One Fiserv Inc. business stood out in the processor’s first-quarter earnings. Clover, its point-of-sale system and services unit, saw a 12% increase in its gross payment volume from the same quarter in 2025. That is despite a 9% decrease in Clover’s first-quarter revenue from lower hardware and data and analytics …
Read More »The AI Upload: Verifone Adapts AI for Fuel and C-Store Merchants; SoundHound AI Debuts an Agentic Platform
It’s heady days for payments and artificial intelligence applications as payments companies prepare for expected growth in AI-assisted commerce. This extends beyond online shopping with Verifone Inc.’s incorporation of AI into Commander, its point-of-sale system for fuel retailers and convenience-store operators. New York City-based Verifone says AI utilities are part …
Read More »April Small Business Sales up 1.1%, Fiserv Says
Small business sales, as tracked in the Fiserv Small Business index, were up 1.1% year-over-year in April, buoyed in part by a 2.8% increase in higher average tickets, finds the latest edition of the index. Released Monday, the index found the April increase in the average ticket was the highest …
Read More »Eye on Agentic Commerce: Experian’s Tool for Verifying Consumer, Agent Link; Kite’s Wallet Service for AI Agents
As payments companies, merchants, and consumers prepare for the growing use of artificial-intelligence agents in commerce, vendors, too, are getting ready for these independent, digital agents. Among the latest is Experian plc, best known as a credit-reporting agency, with its new Experian Agent Trust service and Kite AI with its …
Read More »Three Months In, the New PayPal CEO Sparks a Sweeping Reorganization
Barely three months since taking over the top spot at PayPal Holdings Inc., Enrique Lores is heading up a reorganization of the venerable payments company. Announced late Wednesday following a CNBC report earlier in the day, PayPal says it will migrate to a three-business operating model. The three are checkout …
Read More »Eye on Point of Sale: MoneyGram Adopts Stripe for Retail Locations; Lightspeed Divests Upserve
Stripe Inc. has notched money-transfer services as a customer category with MoneyGram’s adoption of the payment processor’s technology for its retail locations. Additionally, Lightspeed Commerce Inc. is selling Upserve, a hospitality point-of-sale platform it acquired in 2020. Dallas-based MoneyGram International Inc., which went private in 2023, says it will use …
Read More »A $10 Million Same-Day ACH Limit Could Be a B2B and Treasury Boon
Already a key growth area for same-day automated clearing house transactions, business-to-business and corporate-treasury payments could be set up for even more growth with Monday’s announcement of a new $10-million transaction cap set to take effect Sept. 17. Announced by Nacha, the ACH rulemaking body, the new cap is 10 times greater …
Read More »Many Consumers Say ‘No Thanks’ to Agent-Based Payments
It’s still early days for agentic commerce, in which artificial-intelligence agents could complete a shopping transaction on behalf of a consumer. And it appears consumers may want to forestall such transactions until they get much more comfortable with the technology, suggests the Riskified Agentic Commerce Pulse first-quarter report. Riskified, with …
Read More »FedNow Participants Get an API To Help Counter Fraud
FedNow, the real-time payment service offered by the Federal Reserve, will make what it calls a network intelligence API available beginning April 28. The API means FedNow users, be they banks, credit unions, or service providers, will be able to access receiver account-level data seen over the instant payment network. …
Read More »Zelle in Bill Pay Test with Truist
Zelle, the peer-to-peer payment service launched in 2017, is testing a potential new use case with the announcement of a bill-payment pilot with Truist Financial Corp. The pilot will look at how consumers could use Zelle to pay recurring credit card bills, with the potential for other bill payments, such …
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