Acquiring

Merchants caught up in three pricing class-action lawsuits involving Discover Financial Inc. have a proposed settlement to evaluate, according to a notice from the U.S. District Court for the Northern District of Illinois. Announced Thursday, the settlement could see eligible merchants receive payments for Discover-issued consumer credit cards that were …

Klarna Group plc, a Sweden-based buy now, pay later platform with major U.S. operations, said its initial public offering closed with 34.3 million shares outstanding at an IPO price of $40 per share. Klarna closed at $42.74 per share after the first day of trading Thursday. Alipay said its Alipay Tap! contactless-payment service …

Consumer spending is expected to remain resilient this holiday shopping season and buy now, pay later loans will play a key role in the trend, according to Cash App Afterpay’s 2025 Holiday Survey. Despite 38% of consumers in the United States saying they feel more financially stressed than in 2024, …

High-risk merchants can offer generous profit margins, but those returns must be weighed against the risks they bring. That balancing act starts before onboarding and continues afterward, panelists at the Western States Acquirers Association conference said Wednesday. One of the many considerations with high-risk merchants is to avoid misunderstanding the …

Mastercard Inc. and Paytently, a payments-orchestration platform, announced they have collaborated on an open-banking initiative that will leverage Mastercard systems to let consumers make payments directly from their bank accounts at checkout. In related news, Mastercard said it has worked with NCR Atleos and ITCARD to allow cash withdrawals at ATMs using a …

Global Payments Inc. announced it has launched its Genius processing platform in the United Kingdom, starting with quick-service and fast-casual restaurants. Genius for restaurants, which launched in May, and Genius for Retail consolidate 16 point-of-sale products into a platform that is marketed internationally. Mastercard Inc. announced it is working with Stripe, Google, and …

Some 76% of consumers in the United States have taken out buy now, pay later loans, but 49% have missed a payment, while 67% of BNPL users are paying on multiple BNPL loans at once. That’ all according to a recent study from LegalShield. The trend comes at a time …

Restaurant payments-technology developer PAR Technology Corp. launched PAR AI as part of its product line, along with Coach AI, intended to be intelligent assistants in restaurant operations. Point-of-sale terminal maker Verifone Inc. is working with Futurex L.P., a developer of data-encryption technology, to enable remote key injection through the Futurex CryptoHub platform, Futurex said. …

Nuvei Corp. is adding the Paze digital wallet as an option for its merchants just as the much-anticipated fourth quarter nears. Paze is the online wallet from Early Warning Services LLC that is meant to expedite the checkout process for e-commerce businesses. Montreal-based Nuvei, privately held since last year, joins …

Payments-orchestration platform Ixopay said it has integrated J.P. Morgan Payments’ Commerce Platform, allowing Ixopay clients to integrate J.P. Morgan Payments’ offering into their payments services through Ixopay’s application programming interface. Aiwyn Inc., which provides payments and practice-management technology for accounting firms, announced it has acquired QuickFee’s U.S. payments business. Terms were not …