The Accredited Standards Committee X9 Inc. has published a standard, “QR Code Protection Using Cryptographic Solutions, X9.148,” laying out how to create secure QR codes. Nuvei Corp. announced it will provide payments processing in a partnership with GIG, a technology company specializing in the iGaming business. Paysafe Ltd. has won approval from the …
Read More »
Small-business sales were up 4.9% year-over-year in December as consumers maintained strong retail spending while diverting more to service-based businesses, found the latest Fiserv Small Business Index. Launched a year ago, the index analyzes transaction data from approximately 2 million U.S. small businesses on the Fiserv Inc. and Clover point-of-sale …
Read More »
An Asian-American businesswoman named Nisha Desai has sued PayPal Holdings Inc. on grounds of racial discrimination, alleging the company restricted some of a $535-million investment commitment to Black and Hispanic candidates. The suit, filed in U.S. District Court for the Southern District of New York, asks for unspecified damages and an order …
Read More »
PAR Technology Corp., a provider of restaurant point-of-sale technology, has paid $132 million to acquire Delaget LLC, a platform providing analytics and business intelligence to the dining industry. The purchase was chiefly made with PAR common stock. The social-media network X will launch a service this year called X Money, which …
Read More »
Meta Platform’s WhatsApp payments service has been permitted by the National Payments Corp. of India, a regulatory body, to roll out WhatsApp Pay to its entire user base of 500 million in that country. Meta formerly was known as Facebook. GasBuddy, which offers a payments card featuring discounts on gasoline, forecasts the …
Read More »
A startup called iWallet announced technology it says supports voice-based ordering using artificial intelligence, while also being compliant with the Payment Card Industry data-security standard. Bitget Wallet, a cryptocurrency platform, said it has surpassed 60 million users globally, achieving a 300% growth rate in user count for 2024. Janover Inc., a commercial …
Read More »
The FinCEN Beneficial Ownership Information mandate is back in force with a recent court decision. That rule, part of the Corporate Transparency Act passed in 2024,had required businesses to file a Beneficial Ownership Information report by Jan. 1, which was delayed earlier in December but now makes these reports due Jan. 13. Businesses formed …
Read More »
The Merchants Payments Coalition fired back late Monday at a request last week from the American Bankers Association that the Federal Reserve not act on a proposal to lower a longstanding limit on the interchange banks can earn on debit card transactions. In a letter to the Fed, the MPC …
Read More »
The outlook for payments in 2025 will be rife with open finance, instant payments, multi-rail payments, interchange questions, and the increasing use of artificial intelligence, observers suggest. The top three payments trends next year will be open finance, instant payments adoption, and point-of-sale innovations, says Capgemini Research Institute in its …
Read More »
United States District Court Judge Virginia Kendell granted a preliminary injunction late Friday that provides banks some relief from the pending Illinois Interchange Fee Prohibition Act, but also gives merchants reason to cheer. Kendell, who is overseeing a lawsuit filed against the IIFPA, ruled the injunction applies only to financial …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
