The top brass at American Express Co. indicated early Thursday it’s been spending a good deal of time thinking about the implications of AI and agentic commerce, the shop-and-spend utility enabled by AI. Overall, the company’s conclusion is the technology will spur a boom not only for AmEx but for …
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Citing network complexity, ACI Worldwide Inc. said its ACI Connetic, a single platform connecting to multiple major payments systems, now offers access to Fedwire, CHIPS, Swift, The Clearing House RTP, Zelle, and FedNow. A link to Nacha ACH is expected to go live next year. The service will also support stablecoin …
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Nuvei Corp. is making its next move in Mexico with the launch of direct acquiring. This will enable businesses to process card transactions locally through Nuvei’s own licensed infrastructures, Montreal-based Nuvei says. The move enables Nuvei to operate directly inside domestic payment systems in Mexico, which should help merchants improve …
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Block Inc. said it will work with Uber Technologies Inc. to extend Square’s existing Uber Eats integration to worldwide markets and offer Cash App Pay within Uber and Uber Eats in the U.S. market. Paysafe Ltd. launched its PaysafeWallet, which features a debit card as well as a personal payment account supporting …
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AI seems to be everywhere these days, and now it’s penetrating the cannabis business as POSaBIT Systems Corp., known for its point-of-sale technology for dispensaries, moves into software for cannabis producers. And, in another point-of-sale development, New York City-based POS tech producer Vibe Retail announced a partnership with the ISO …
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JetBlue Vacations said it will work with Flex Pay, a buy now, pay later platform, to offer monthly payment options to customers planning flight-and-hotel vacation packages. JetBlue Vacations is a unit of JetBlue Airways Corp. SpotOn Transact LLC said four hospitality operators were among new clients signed in the first quarter for …
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TechCreate Group Ltd., a Singapore-based payments-software provider and consultancy, is partnering with quantum cybersecurity-solutions firm pQCee Pte Ltd to incorporate the National Institute of Standards and Technology post-quantum cryptography algorithms in its QR Hybrid point-of-sale terminals. A QR hybrid POS device adds QR code scanning for digital wallets, mobile apps, …
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Processor Repay Holdings Corp. said it has received an unsolicited, non-binding offer from Forager Capital Management LLC to buy Repay’s outstanding equity for $4.80 per share in cash. The share price stood at $4.11 at market close on Friday. The company said it will review the offer. The processor Nayax Ltd. said it will …
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Opponents of Illinois’s controversial Interchange Fee Prohibition Act have ratcheted up the pressure to preempt the law at the federal level or overturn it at the state level. The latest effort comes after a federal judge earlier this year upheld the law’s key provision, which exempts Illinois merchants from paying …
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