Acquiring

Consumers have been returning to physical stores as the pandemic wanes, and that’s spurring point-of-sale technology providers to bring fresh products to market. The latest example is Verfone Inc., which said Tuesday it is rolling out a panoply of new devices and services for the highly competitive petroleum and convenience-store …

Visa Inc. announced a pilot for Visa+, a service that allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between PayPal and Venmo, a PayPal-owned network, but plans are to include P2P services DailyPay, i2c, TabaPay, and Western …

Payments provide Praxis Tech Ltd. has introduced a service it calls Merchant Initiated Transactions, which allows sellers to leverage a card-on-file option to initiate single-click payments on behalf of customers. GoDaddy Inc., a provider of payments and other services for small business, has released a small-business generative AI prompt library, which offers …

When you’re pressed for time, there’s probably a handful of neighborhood stores where you shop regularly. You can depend on them in those hurried moments, whether it’s the small retailer that stocks your favorite items, the local coffee shop that knows just how you like your coffee, or the mobile …

Cross-border payments fintech Higlobe Inc. said users can make payments in the United States from their Higlobe account with a new Visa prepaid card issued by Dash Solutions. POSaBIT Systems Corp., a payments platform specializing in the cannabis industry, said a previously announced agreement under which it would acquire MJ Platform, Leaf …

While Stripe Inc. did not experience what it terms the “breakneck” growth it enjoyed in 2020 and 2021, the e-commerce payments giant still processed more than $817 billion in total volume in 2022, up 26% from the previous year, the financial services and software-as-a-service company told customers in its annual …

In a major case whose effects could ripple widely across the payments industry, Block Inc. has sued Visa Inc. and Mastercard Inc., alleging the global networks worked together to fix interchange fees paid by Block’s Square operation. Square, which processes card transactions for millions of mostly small sellers, pays interchange …

Intuit Inc. recently announced that it will end support for its QuickBooks Desktop Point of Sale 19.0, one of the oldest payment-accepting POS systems in the market, as of Oct. 3. Intuit is referring users to Shopify Inc., but other payments companies are scrambling for the business. The date of …

Insurance-industry payments specialist ePayPolicy launched Payables Connect, which it says automates reconciliation, creation, and payment of due payables. Technical-standards provider Global Platform said it will offer a seminar in Brussels April 26 on security for digital wallets offering eID. MSP Recovery Inc., which offers a product called LifeWallet to help providers manage medical …

Payment processing platform CardX is making Mastercard Click to Pay available on Lightbox, its online payment form, to all existing and new card-not-present merchants on its platform. Mastercard Click to Pay stores a consumer’s payment information using an encrypted, virtual card number to enable secure online shopping. Lightbox enables consumers …