Acquiring

A perpetual bane of payments, chargebacks create issues for merchants and their payment providers. Now, Findustry AI Inc. hopes its new artificial intelligence-enabled Chargeback Agent product will help ease the work of complying with card-brand dispute processes. Led by Jonathan Razi, who sold CardX, a surcharging-services provider, to Stax in 2021, …

The point-of-sale technology platform Valor PayTech announced early Friday an agreement with LANDI Global to represent LANDI’s line of point-of-sale devices in the U.S. market. The move is expected to lay the foundation for what Valor PayTech calls a “deeper product collaboration.” To start, Jericho, N.Y.-based Valor PayTech says it …

The FIFA World Cup, set for June 11 to July 19, is expected to drive increases in transactions but also in ticketing and payment fraud, warned payments processor Spreedly, citing a 36% rise in fake-ticket fraud in the months leading up to the event, as reported by Lloyds Bank. Brightwell has renamed …

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 …