Acquiring

New data from JPMorgan Chase & Co. signals the leading U.S. banking company is on track to retain its title as the nation’s largest merchant acquirer, with volume well in excess of $2.5 trillion flowing through its pipes. A note from a J.P. Morgan Payments spokesperson to Digital Transactions News …

Debit cards remain the preferred payment for online sports bettors, with 42% of bettors saying they use debit cards to fund their accounts, according to Paysafe Ltd.’s annual All the Ways Players Pay report. It is the third consecutive year debit ranked as bettor’s preferred payment method. Digital wallets were …

Point-of-sale terminal maker Sunmi launched several POS devices, including the Flex series, which uses the Android operating system. Bigg Digital Assets Inc., owner of Netcoins, Blockchain Intelligence Group, and TerraZero, said Netcoins Canada is launching eight crypto coins that begin trading Jan. 21.

American Express Co. reached an approximately $230 million settlement with the Department of Justice late Wednesday over allegations the card company engaged in deceptive marketing practices. The DoJ claims that AmEx’s deceptive marketing practices for its credit card and wire transfer products violated the Financial Institutions Reform, Recovery and Enforcement …

U.S. Bancorp, owner of the big merchant processor Elavon, on Thursday reported merchant-acquiring volume of $142.6 billion in 2024’s fourth quarter, up 5% from $135.7 billion a year earlier. The company processed 2.11 billion merchant transactions in the quarter ending Dec. 31, a 5.5% increase from 2 billion a year …

Recurring payments specialist Chargebee said its Retention product is in compliance with the Federal Trade Commission’s Negative Option rule, or click to cancel rule. That rule intends to make canceling a subscription as easy as the sign up process among other stipulations. Jupiter Payments said Get Honest Solutions, an independent sales organization that used …

Reuters is reporting that Apple Inc. is talking to Barclays to become the iPhone maker’s new partner for credit cards, replacing Goldman Sachs. Other financial institutions are said to be candidates as well, including Synchrony. Apple and Goldman launched the Apple card in 2019, but since then Goldman has indicated it will move …

Gateway Funnel Pros, an alternative payment gateway specialist for merchants selling high-risk, regulated, or restricted products, has launched a payment gateway and merchant-account services for WooCommerce merchants selling health and wellness products, such as supplements, that some gateway providers may consider to be high-risk products. The integration will enable WooCommerce …

Transcore announced it has activated its Infinity tolling technology on the West Virginia Turnpike. The payments platform ePayPolicy announced Quotes and Invoices, a service intended to help insurance companies guide customers from an initial quote to invoice and payment. Payments-software provider Eastnets announced it has achieved compliance with the European Union’s Digital Operational Resilience Act, …

Lightspeed Commerc Inc. launched Lightspeed Scanner, a service that lets sales associates process customers’ card transactions on an iPhone. MagTek said it is working with developer Vault to support Magtek’s DynaFlex II Go technology for mobile point-of-sale applications. Identity-verification specialist AU10TIX said its technology prevented an estimated $7.5 billion in fraud last year worldwide. …