Acquiring

With 5 million passkeys in use worldwide, as of May according to the FIDO Alliance, the authentication technology is gaining ground over traditional usernames and passwords. Merchant services company Checkout.com is the latest to adopt the technology with its use the Visa Payment Passkey. A passkey consists of a key pair that …

Zip Co Ltd., a provider of point-of-sale credit programs, said it has expanded a partnership with flight-booking platform Alternative Airlines to include a new car-rental program the platform is offering. SeatGeek, operator of an online marketplace for event tickets, announced a multi-year renewal of its contract with the Cleveland Cavaliers …

Chip cards for recipients of the Supplemental Nutrition Assistance Program may be on the horizon because the Food and Nutrition Administration of the U.S. Dept. of Agriculture has issued a proposed rule that all states adopt the technology as one way to count fraud. Currently, just eight states issue chip …

NCR Voyix Corp.’s Aloha Next point-of-sale terminals will soon be used in nearly 600 First Watch Restaurant Group Inc. locations. In related news, Priority Commerce says it signed a multiyear deal to process ticket payments for the Cincinnati Bengals. Atlanta-based NCR Voyix says its multiyear deal with First Watch also …

The Federal Reserve is now required to rewrite the key interchange limits included in a controversial 15-year-old debit card rule following a federal appeals court decision Monday striking down an interchange cap the Fed established in 2011. The Fed could still appeal the ruling to the U.S. Supreme Court. Interchange, …

PayPal Holdings Inc. reported a 2% rise year-over-year in third-quarter net revenue, to $8.58 billion, on a 6% increase in total payment volume, to $487.1 billion. Payment transactions rose 7% to 6.796 billion, while active accounts, at 440 million, were virtually flat, rising 0.6%. GAAP net income fell 14%, to $1.07 …

Joining a trend building in the buy now, pay later payments sector to gain more control over their operations and offer more diversified services, Sezzle Inc. reported Thursday it has filed an application with the Comptroller of the Currency to charter a national bank to be known as Sezzle Bank …

Payments provider Viewpost has agreed to work with Birchstreet, a provider of hospitality-industry technology, to include AI-enabled embedded payments for hospitality customers. Oak View Group, operator of a network of live-entertainment venues, will offer its employees earned-wage access service through Payactiv throughout Oak View’s U.S. operations, involving more than 40 …