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 …

Visa Inc. late Wednesday introduced Visa Intelligent Commerce, an artificial intelligence-based shopping service that enables AI agents to shop and make purchases for consumers. AI agents are software programs that use artificial intelligence to gather information and take actions to achieve clearly defined goals with a minimum of human intervention.  The …

Zelle, the peer-to-peer payments network operated by Early Warning Services LLC, continues to make steady inroads with small businesses, according to data released early Monday by Early Warning. About 7 million small businesses are enrolled in the network to make and receive payments, while the use of Zelle by consumers …

Digital wallets provide a variety of benefits to consumers, including convenience speed, security, and record keeping, but they also pose risks for users and stand to be improved in several areas, says a study from Consumers Reports. Consumers Reports evaluated six wallets—Apple Pay, Cash App, Google Pay, PayPal, Samsung Pay, …

Trifecta Technologies Inc., an IT management company specializing in the Salesforce platform, is partnering with processor Stripe Inc. to create what it calls a payment launchpad for businesses. The launchpad will enable SalesForce users to streamline their payment processes by automating recurring payments. The feature will help businesses ensure on-time …

Buy now, pay later platform Affirm Holdings Inc. early Tuesday announced it will begin credit reporting for all its loan products to TransUnion LLC, effective May 1. TransUnion is the second of the three credit bureaus to which Affirm is reporting. In March, San Francisco-based Affirm announced it would begin …

CompoSecure Inc., a provider of metal payment cards and security technology, is integrating its Arculus cold-storage wallet with MoneyGram Access, which allows digital-wallet users to convert cash into digital currencies. These include such media as USD Coin, a stablecoin backed by U.S. dollars and dollar-denominated assets. In addition, CompoSecure announced …

[Editor’s Note: Following Digital Transactions News publication Friday, a U.S. District Court judge temporarily halted the layoffs at the CFPB, according to the Associated Press. Judge Amy Berman Jackson has scheduled an April 28 hearing on the matter.] A dramatically reduced Consumer Financial Protection Bureau will still operate, but with …

Global Payments Inc. agreed early Thursday to purchase the big processor Worldpay LLC for $22.7 billion. GTCR, a Chicago-based private-equity firm acquired a 55% stake in Worldpay in July 2023 from FIS Inc., while parent FIS retained ownership of the remaining share. Concurrent with the announcement of the Worldpay deal, …