Universal Air Travel Plan Inc. (UATP) early Thursday announced it has partnered with Burbank, a United Kingdom-based fintech, to deploy an app that enables mobile devices to act as a POS terminal to process card-present transactions over the Internet. The app is embedded in the merchant’s mobile app, which …
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Faster payments on the automated clearing house network and on real-time payments systems are gaining momentum, according to statistics released Thursday by Nacha, the standards body for the automated clearing house system, and by the Real Time Payments network, operated by 22 of the world’s biggest banks. The total value …
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Processor FIS Inc. said it will soon release Smart Basket, technology designed to automatically optimize rewards and payment methods at checkout. Mastercard Inc. and Visa Inc. reached a proposed settlement of $199.5 million in a class action lawsuit a group of merchants filed almost 10 years ago, Reuters reported. The settlement still requires …
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The artificial-intelligence boom in payments is rushing on, with two major players going further along the AI commerce road. Mastercard Inc., having announced Mastercard Agent Pay earlier this year, has launched its Agent Pay Acceptance Framework. This service begins with registering and verifying AI agents before they are allowed to …
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E-commerce specialist Global-e said Shop Pay’s one-click checkout is now available for its merchants using the Shopify platform. C-store chain Circle K has partnered with Car IQ, a vehicle-based payments platform, to launch Circle K Pro Digital +, a U.S.-based payments service for fuel, tolls, and other vehicle-related payments. Payroc announced it has enabled …
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Visa Inc. entered the agentic-commerce fray early Tuesday with the launch of Trusted Agent, a protocol developed in collaboration with cloud-computing connectivity provider Cloudflare Inc. The protocol is part of an overall strategy to make agent-initiated transactions as seamless and secure “as any consumer-initiated transaction today,” the card network tells …
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Mastercard Inc. unveiled Merchant Cloud, a payments platform aimed at easing the way for businesses to conduct commerce globally while entering new markets and adopting new end-user technologies. Block Inc. said it will work with food-delivery service Grubhub to overhaul restaurants’ ordering systems by integrating with Square’s point-of-sale platform and adding Cash …
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Verifone Inc. early Monday launched Commander Fleet, a payment and site-management system that enables fuel and convenience retailers to accept WEX and other leading commercial fleet cards through a single POS integration. The system is expected to roll out across North America. Providing fuel and convenience retailers with a single …
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Adyen NV and Worldpay are among processors that have signed up to participate in a new platform from Mastercard Inc. aimed at boosting approval rates for card transactions. Announced Monday, the Payment Optimization Platform seeks to boost approval rates using AI engines trained on transaction data, the card network said …
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Klarna Group plc said it will support the AI-based Agent Payments Protocol from Google Inc. The technology allows shopping agents to find and buy products according to criteria set by consumers. Xplor Pay announced a partnership with Gatemaster Technology, a point-of-sale and ticketing software provider, that sees Gatemaster customers gain access to …
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