Nacha members have approved five rule changes meant to boost the use and efficiency of international automated clearing house transactions. International ACH transactions totaled $270.96 billion in value in 2024 on 120.99 million payments, Nacha says. Announced Tuesday, the changes address clearing up what is an international automated clearing house …

Six months after fully revising its point-of-sale app and adding modes to enable merchants to tailor it to their needs, the acquirer is out now with what it says is its largest update to its food and beverage platform. Square, a unit of Block Inc., also released updates to Square …

American Express Co. cardholders are about to see targeted ads from premium brands on some AmEx-owned platforms. Announced Monday, Amex Ads is a digital advertising platform to help brands reach the issuer’s 34 million U.S. cardholders. It begins on AmexTravel.com and will expand to other AmEx-owned platforms. AmEx says this …

Peoples Bank apparently likes what Deluxe Corp. has been doing for the Marietta, Ohio-based bank because it added Deluxe’s merchant services to its roster of services. The bank placed a part of its promotional business with Minneapolis-based Deluxe in January and added checks in March. Merchant services, under the One …

Just in time for the upcoming holiday shopping season, merchants are ready with new e-commerce checkout options. A hardware cooperative is adding the buy now, pay later option from Affirm for in-store use. Brands Dearfoams and Baggallini now offer Buy with Prime, the Amazon.com Inc. online checkout service. Oak Brook, …

Embedded payments and embedded finance have taken on an almost viral adoption within the payments industry, and the latest to tweak their services is processor Worldpay Inc. with its new Embedded Finance Engine. In related news, Fiserv Inc. says it will acquire StoneCastle Cash Management in a bid to better …

Payment processor Adyen will tap the expertise of analytics and consultancy firm TSG to help its merchants tailor payments applications to their needs. In related news, Valor PayTech is teaming with 4LeafLabs to create what it calls an affordable point-of-sale service for small businesses. Adyen,  a Netherlands-based processor initially known …

Landing a coveted merchant account is a top goal for many banks and payment technology firms, but banks may be at a disadvantage. It can cost up to 2.3 times more, on average $496, for a financial institution to onboard a merchant for payment services, as a paytech may spend …

Artificial-intelligence tools continue to find their way into the payments system. Two companies, Seon and Sigma360, are the latest to incorporate AI into new products. Austin, Texas-based Seon Technologies Ltd. says its new AI suite can help reduce manual review times on transactions by up to 50%. It does this by …

Consumer-advocacy organization Consumer Reports on Tuesday issued its “Fairness By Design Playbook” with expectations it can help fintechs build consumer trust. The new guide starts with the Consumer Reports thesis that what it calls fair design is not just beneficial to consumers, but can help organizations create sustainable financial products …