Acquiring

BTR, a truck-rental company, has compensated for almost $400,000 in annualized credit card acceptance costs through a surcharging a capability provided by payments processor BlueSnap Inc., according to data the processor released Wednesday. Waltham, Mass.-based BlueSnap launched its surcharging API in January in recognition of cases in which merchants want …

Some 73% of online merchants are not ready for AI agents, while AI agents are at least in some cases recommending “unreliable merchants,” according to research from Ballerine, a specialist in merchant risk and compliance. The company conducted 47 interviews among card networks, acquirers, merchants, AI platforms, and payment service providers. …

Business-to-business billing and revenue management platform Maxio LLC said credit card surcharging is now available in its Maxio Payments service. Payments platforms Ordr and FreedomPay said they are collaborating to create a gateway and commerce platform for companies offering live entertainment around the world. Payments platform NCR Voyix Corp. said it is working with U.S. Bank’s …

Magnolia Soap & Bath Co. will adopt the Square point-of-sale system for its 50 locations, including a module designed for franchises. Founded in 2016, Magnolia uses the franchise model to expand and has stores in 17 states. It will use Square for Retail, a service that includes branded micro-sites for …

Point-of-sale commerce platform Lightspeed Commerce Inc. added approximately 3,200 new locations in its fiscal fourth quarter, as it marks a year into its U.S. retail and Europe hospitality focus. Montreal-based Lightspeed, which embarked on the two-pronged POS-based plan more than a year ago, says the location total was up by …

Buy now, pay later provider Klarna AB said Tekion Corp., developer of software for the automotive retail industry, will make Klarna available to customers using the Tekion Automotive Retail Cloud platform. Flywire, a payments-technology platform, announced an agreement to expand an existing link to Driftwood Hospitality Management to support payments at nearly …

Square, the point-of-sale arm of Block Inc., is adding restaurant chain The Hat to its customer list. In related news, 88% of convenience store operators and fuel retailers surveyed by Vontier Corp. report they have experienced a payment outage at least once in the prior 12 months. The Hat, with …

Open-banking specialist Plaid Inc. unveiled Plaid Guaranteed Payments, a bank payment service. Plaid said the service will evaluate each transaction in real time and return an approval decision within milliseconds. If Plaid approves the transaction, it will guarantee the settlement. If the payment fails, it will cover the loss and handle recovery, …

Just as legitimate transactions are a certainty in payments, so too, are fraud and scams. That doesn’t mean payments companies and their vendors need to just accept that. Now, Mastercard Inc. says it is countering fraud and scams with a new service, Mastercard Merchant Trust Services, to help clients identify …

Payroc LLC launched Integration Essentials, a service to help software platforms more quickly embed Payroc’s payments services into their platform. It includes prebuilt services such as hosted payment pages, payment links, and Payroc Cloud for in-person acceptance. French processor Worldline has agreed to acquire transactions for the buy now, pay later …