Zoho Corp., an Indian multinational software company, is launching Zoho Payments in the United States. Zoho Payments is an embedded-payments solution that enables businesses to collect one-time and recurring payments from customers, online and within Zoho apps.  Billed by Zoho as an out-of-the box payment solution, Zoho Payments supports the …

Cryptocurrency-payments platform BitPay Inc. is betting its HODL payment option will make it easier for investors to spend their digital currency without first having to sell their crypto assets to make a purchase or pay a bill. Launched earlier this week, HODL Pay enables consumers to borrow stablecoins against their …

First-party fraud, also known as “friendly fraud,” accounted for 36% of all fraud globally in 2024, up from 15% the previous year, says LexisNexis Risk Solutions’ Cybercrime report. First-party fraud occurs when a consumer disputes a legitimate credit card transaction, claims he never received the order, or misrepresents personal information …

Paysafe Ltd. and Fiserv Inc. are teaming up to offer merchants using Fiserv’s Clover point-of-sale terminals a digital wallet to receive settlements and access banking services. The wallet, which is intended to speed settlements, allows merchants to accept payments, including credit cards, bank transfers, and alternative options, and use the …

Pizza Ranch Inc., a Midwestern buffet restaurant chain specializing in pizza and chicken, has added digital wage access through payments-platform provider Branch LLC. Pizza Ranch workers will be able to digitally receive their hourly wages, tips, and mileage reimbursement after each shift. Employees also receive a fee-free bank account into …

Plaintiffs in the lawsuit challenging the Illinois Interchange Fee Prohibition Act are pushing hard to make their case that national banking laws pre-empt the IFPA, which is scheduled to go into effect July 1. In a motion filed late Wednesday, the plaintiffs argued that federal banking laws supersede the Illinois …

Recurly Inc., a subscription-management and recurring-billing platform, announced early Wednesday the acquisitions of digital customer-engagement platform Redfast Inc. and of Prive, said to be a Shopify-first subscription platform. Terms were not disclosed. The rationale for the deals is that they will enhance Recurly’s ability to “manage the full subscriber lifecycle” …

Samsung Electronics America announced early Tuesday it is rolling out a new peer-to-peer payments capability for its digital wallets in the United States. Called Tap to Transfer, the new feature will enable Samsung wallet users to send money to one another by tapping their phones. Samsung wallet users can send …

Nearly one quarter of consumers tend to spend more than they should when taking out a BNPL loan, says a new study by Bankrate.com. Overall, 24% of consumers say they overspent after getting BNPL funds. Gen Zers are the demographic most likely to feel that way, with 30% saying they …

Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its posting lower than projected gross profits during the first quarter, the company said during a conference call late Thursday to discuss its first-quarter results. Block is the parent company of the …