Automated Clearing House

Discover Financial Services said it will file restatements of “certain prior period financial statements” and will “as soon as practicable” after that conduct a special stockholder meeting to vote on the company’s proposed merger with Capital One Corp. The proposed merger was announced early this year. Vault, a Canada-based financial platform, has initiated …

The Federal Trade Commission said its Negative Option rule, also known as click to cancel, goes into effect Jan. 14, and regulated entities must be compliant by May 14. The measure obliges entities that offer subscription services to make unenrollment as easy as the enrollment process. Airline and travel payments specialist CellPoint Digital raised $30 …

Instacart, a technology provider for the grocery industry, announced that four grocery companies — Sprouts, Harmons, The Save Mart Companies, and Rosauers — have adopted Instacart Storefront Pro, an e-commerce platform aimed at grocers. More than 600 retailers are using Instacart’s e-commerce technology, the company says. Payments provider Priority Technology Holdings Inc. reported September-quarter merchant bank-card …

Recent headlines prove that payment fraud continues to pose an ever-growing threat to businesses of all sizes. As payment methods evolve, so do the sophisticated tactics employed by fraudsters, creating a payment-protection predicament for businesses. According to the Association for Financial Professionals, 80% of organizations were victimized by payment fraud in 2023, …

Card issuing platform Marqeta Inc. said it had a total processing volume of $74 billion in the third quarter, a 30% year-over-year increase. Marqeta also reported $128 million in revenue in the quarter, a 17.4% increase from $109 million a year prior. It posted a quarterly loss of $28.6 million, almost half …

Fiserv Inc. announced enhancements to its Clover point-of-sale technology set, including new devices; integrations such as payroll; and financial functions such as cash discounting, cash advances, and same-day funds transfers. Holders of Visa Inc.’s Infinite Privilege cards can book scarce reservations at popular restaurants in several Canadian cities through the card network’s collaboration …

Clearent by Xplor launched its payfac as a service product to help software companies more easily embed payment acceptance into their applications. Fiserv Inc. announced it has agreed to build financial services into the digital platform operated by DoorDash, the online delivery service. Payments provider Shift4 Payments Inc. announced it will acquire transactions for …

Faster payment volumes continue to mount in the U.S. market as Nacha, the regulatory body for the nation’s automated clearing house network, announced early Thursday same-day transaction volume grew 67.5% in the third quarter compared to the same period in 2023. That growth resulted in 355.2 million payments, compared to …

PrePass, a platform for highway toll payments, said its services can be accessed via an integration with the Motive Marketplace, a platform featuring artificial-intelligence capabilities. A survey of 2,600 consumers in the U.S. market and in seven other countries revealed 61% have cut back on using digital payments or otherwise changed their …

Visa Inc. has agreed to buy Featurespace, a United Kingdom-based developer of anti-fraud technology incorporating artificial intelligence. The deal is expected to close in the first half of next year. Terms were not announced. Payments provider Adyen NV launched the SFO1, a multimedia countertop terminal, its first such proprietary multimedia device, it says. …