Early Warning Services LLC said India is the first country outside the United States where U.S. users of the Zelle peer-to-peer payments service can send remittances. Simultaneously, Early Warning introduced its first stablecoin, ZelleUSD, aimed at international payments from U.S. users. Stable, a blockchain network featuring the stablecoin USDT, has joined …
Read More »A Year In, VAMP Is Turning Acquirer Anxiety Into Opportunity
More than a year after Visa Inc. launched the Visa Acquirer Monitoring Program, acquirers and their vendors are adapting to the new way of keeping tabs on fraud and chargeback levels. Known as VAMP, the program, according to Visa, consolidated five fraud and dispute programs and reduced 38 distinct remediation processes …
Read More »Findustry AI Takes Aim at Chargebacks
A perpetual bane of payments, chargebacks create issues for merchants and their payment providers. Now, Findustry AI Inc. hopes its new artificial intelligence-enabled Chargeback Agent product will help ease the work of complying with card-brand dispute processes. Led by Jonathan Razi, who sold CardX, a surcharging-services provider, to Stax in 2021, …
Read More »Cash App Tags Debut, Starting with a Wand
Imagine waving a wand and making something appear in your hands. While it’s not magic, the Cash App Wand could make that happen. Announced Thursday, Cash App Wand is the first in a series of Cash App Tags, which are NFC-enabled, physical payment accessories that let consumers pay without having …
Read More »Colorado Bill To Cut Sales Tax from Interchange Calculation Vetoed
Colorado’s SB 26-134, a bill that would have eliminated sales tax as part of the interchange-fee calculation, has been vetoed by Gov. Jared Polis. SB 26-134, similar to the Illinois Interchange Fee Prohibition Act, would have taken effect Jan. 1, 2028, had Polis approved it. The contentious Illinois law, which …
Read More »Eye on BNPL: Sezzle’s Next Move; Ulta Adds Klarna Option
Buy now, pay later specialist Sezzle Inc. is ready to be known for more than its installment payment service, hoping to capitalize on its Earn features. Meanwhile, BNPL provider Klarna AB says Ulta Beauty now offers its payment option to U.S. consumers. A year old, Earn, displayed as a tab …
Read More »Eye on Faster Payments: Payfinia’s RTP Integration; Aeropay’s Jack Henry Tie-in
Work on growing the real-time payments ecosystem goes on with Payfinia completing an integration with The Clearing House Payments Co LLC’s RTP network and Aeropay making an integration with Jack Henry & Associates Inc. to boost its pay-by-bank service. Portland, Ore.-based Payfinia says its work with TCH, which launched the …
Read More »The Illinois IFPA Implementation Date Is Extended Again
A last-minute budget move will see the implementation date for the Illinois Interchange Fee Prohibition Act pushed back a year, to July 1, 2027. Originally scheduled to become law Monday, the IFPA would have seen interchange on sales tax and tips prohibited. How it would have been implemented has been …
Read More »Accertify’s Predictive Yes Platform Aims to Meet Fraud Before the Transaction
Payments fraudsters are embracing not just the transaction, but the associated elements of a transaction, such as exploiting account creation and changes prior to the payment. That’s one reason Accertify Inc. launched its Predictive Yes Platform. Itasca, Ill.-based Accertify says the new platform addresses these issues by combining identity, behavioral, …
Read More »Digital Debit Card Use Surged in the First Quarter, a Galileo Report Finds
Consumers turned to debit cards in increasing numbers in the first quarter, finds the inaugural Galileo Debit Spend Index. Released Thursday, the report found that consumer use of debit cards at both fast food and sit-down restaurants increased more than 18% in the quarter, a reversal of a downward trend …
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