The House of Representatives on Thursday passed the GENIUS Act, a bill aimed at regulating stablecoins, giving the nascent digital currency a boost as a mainstream payment option. The GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act is intended to provide a legal structure for stablecoins and enhance …
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In the almost 15 years since its debut, Clover, the point-of-sale system from Fiserv Inc., has reached 4 million devices sold, Fiserv says. Acquired by First Data Corp. in 2012, Clover started in 2010 as a point-of-sale service with hardware and software. Now, its devices and software are part of …
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American Express Co. reported a 7% year-over-year rise in billed business in its June quarter, to $416.3 billion, while revenue increased 9% to a record $17.9 billion. But net income sank 4% to $2.89 billion. For the year’s first half, billed business rose 6% to $803.7 billion. Net income was static …
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SoundHound AI Inc. announced late Wednesday that the restaurant chain Peter Piper Pizza has begun rolling out its AI ordering system. The chain, which operates more than 120 locations in the United States and Mexico, is starting the rollout across its 41 restaurants in Arizona and Albuquerque, New Mexico. The …
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Global Payments Inc. announced a renewal and expansion of an agreement with Banco Nacional de Mexico S.A. to offer acquiring and banking services in Mexico. CareVet LLC, operator of more than 200 veterinary practices across the country, announced it has agreed to integrate payments processing from Scratch Financial Inc., a fintech …
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The hottest ticket in payments is software integrations, and two firms have bolstered their connections to software developers. Austin, Texas-based ePayPolicy, which provides digital payouts for the insurance industry, lined up an integration with INTX Insurance Software, also based in Austin. INTX provides administrative software to insurance carriers. ePayPolicy says …
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Block Inc. Tuesday announced businesses using Block’s Cash App iOS app can process contactless payments directly on an iPhone using Apple Inc.’s tap-to-pay on iPhone technology. The new service comes as early testing indicates sellers using the technology have seen a 35% rise in purchase volume by comparison to merchants …
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Payments processor Adyen said it will provide its SFO1 point-of-sale terminal to Joe & The Juice, a juice bar and coffee merchant. Payments provider Valor PayTech announced an integration with retailcloud, which makes cloud-based retail software, that will ease the hardware and software setup for retailers. Euna Solutions launched PayCenter, an online payment portal for …
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Online shoppers spent a record $24.1 billion during Amazon.com Inc.’s annual Prime Day sales event, a more than 30% increase from a year ago, according to data compiled by Adobe Analytics, which tracks the epic sales event. The final sales tally for the four-day extravaganza was more than twice what …
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Zelle, the 7-year-old peer-to-peer payments service, has added another 178 banks and credit unions to its list of Zelle participants, the service announced Monday. Zelle, launched in 2017 by Early Warning Services LLC, says this bumps to more than 2,300 the number of financial institutions that offer the service. Zelle …
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