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 …
Read More »Eye on Travel: CellPoint Digital’s Orchestration Move; Navan Readies for an IPO
Travel-payments specialist CellPoint Digital is launching a platform to tie into a new retailing model quickly being adopted by the travel industry. In related news, Navan Inc., an expense-management platform, is readying for a public stock offering. London-based CellPoint Digital says its new One Source Orchestration platform is tailored to …
Read More »Eye on Acquiring: PAX, Payroc Target ISVs; PARTech Debuts PAR Games
Acquirer Payroc is teaming with point-of-sale technology maker PAX Technology Inc. to make it easier for independent software vendors to use services from each company. And, PAR Technology Corp. launches PAR Games, a tool to drive loyalty and personalized interactions for merchants. PAX says the new collaboration with Payroc, called …
Read More »As Its Volume Reaches Record Highs, Zelle Launches a New SMB Feature
Zelle, the peer-to-peer payment service, appears on track for a banner year with a record 2 billion transactions processed in the first six months of 2025, a 19% increase from the 2024 first half. The dollar amount of these transactions increased more, reaching nearly $600 billion, up 23% from $481 …
Read More »PayPal Broadens Its Peer-to-Peer Payments with PayPal links
Peer-to-peer payments competition has increased with the debut of PayPal links, a new way for PayPal users to send funds to others. PayPal links enable users to create a personalized link to share that contains the amount and a short description. PayPal says they can be shared in any conversation, …
Read More »A Settlement Is Reached in the Discover Pricing Lawsuits
Merchants caught up in three pricing class-action lawsuits involving Discover Financial Inc. have a proposed settlement to evaluate, according to a notice from the U.S. District Court for the Northern District of Illinois. Announced Thursday, the settlement could see eligible merchants receive payments for Discover-issued consumer credit cards that were …
Read More »Weighing the Profitability of High-Risk Merchants in a Risk-Wary Climate
High-risk merchants can offer generous profit margins, but those returns must be weighed against the risks they bring. That balancing act starts before onboarding and continues afterward, panelists at the Western States Acquirers Association conference said Wednesday. One of the many considerations with high-risk merchants is to avoid misunderstanding the …
Read More »The Cost of Scams And Fraud Tops $5 for Each Dollar of Loss
Financial-services organizations have long held a sobering view of the cost of scams and fraud. Now, the cost of these crimes and misdeeds has reached an average of $5.75 per every $1 of fraud loss, finds the latest edition of the 2025 True Cost of Fraud Study for North America …
Read More »Nuvei Adds Early Warning’s Paze Wallet for Its E-Commerce Merchants
Nuvei Corp. is adding the Paze digital wallet as an option for its merchants just as the much-anticipated fourth quarter nears. Paze is the online wallet from Early Warning Services LLC that is meant to expedite the checkout process for e-commerce businesses. Montreal-based Nuvei, privately held since last year, joins …
Read More »Alacriti Adds Zelle to Its Orbipay Payments Hub With a Goal of Easier Integration
Money-movement specialist Alacriti wants to make it easier for banks and credit unions to use its service to enable the Zelle peer-to-peer payment service. That’s why it’s added Zelle to its Orbipay Payments Hub, a platform for financial institutions. Zelle, the P2P payment service from Early Warning Services LLC, had …
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