Acquiring

Colorado’s SB 26-134, a bill that would have eliminated sales tax as part of the interchange-fee calculation, has been vetoed by Gov. Jared Polis. SB 26-134, similar to the Illinois Interchange Fee Prohibition Act, would have taken effect Jan. 1, 2028, had Polis approved it. The contentious Illinois law, which …

Fiserv Inc. said its Small Business Index for May remained flat at 144 as small-business transactions dropped 2.4% year-over-year while average tickets rose 3.1%. The drop in transactions marked the seventh consecutive month of declining foot traffic. Fireblocks, a payments platform based on digital assets, launched Fireblocks Flow, stablecoin-acceptance technology aimed …

NMI announced early Tuesday it has acquired Fee Navigator, a provider of analysis for acquirers looking to price services for merchants. Terms were not disclosed. Schaumburg, Ill.-based NMI says the deal brings merchant-pricing capabilities supported by AI, adding to an arsenal of services the processor offers to independent sales organizations, independent …

MoneyGram has launched a U.S. dollar stablecoin called MGUSD, furthering its move into blockchain technology for payments. Soar Payments LLC, also known as SoarPay, announced the publication of “High Risk Merchant Accounts 101,” a guide to processing payments for high-risk and regulated businesses. Fifth Third Bank launched Report Phishing, a feature in …

A last-minute budget move will see the implementation date for the Illinois Interchange Fee Prohibition Act pushed back a year, to July 1, 2027. Originally scheduled to become law Monday, the IFPA would have seen interchange on sales tax and tips prohibited. How it would have been implemented has been …

Aurora Payments has renamed itself Flute and launched a payments platform that it says offers working capital, transaction reporting, and merchant servicing, along with payments, in a single account. Thunes said it has been selected by Canada-based payout platform Trolley to enable an expansion of Trolley’s international capabilities, including real-time payments to more …

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 …