Affirm Inc. said it will offer its installment-payment services to customers of New Look Vision Group in Canada. The company operates 475 stores in Canada and the United States. Payments platform Payroc announced it has agreed to acquire LedgerPay Inc., which does business as PayiQ. With the acquisition, Payroc says it will gain …
Read More »
Same-day automated clearing house payments continue to enjoy robust growth, totaling 336.4 million transactions during the second quarter, a 15% increase compared to a year earlier, says Nacha, the regulatory body for the automated clearing house network. Same-day ACH dollar volume during the quarter totaled $980 billion, up 22%. Through the …
Read More »
As more and more attention is drawn to cryptocurrency, crypto users are ready to use their holdings to make every day purchases and play games, finds a new report from Bitget Wallet. Released Monday, the report finds that, globally, 36% of respondents want to use their crypto wallets to make …
Read More »
Fiserv Inc.’s Clover point-of-sale technology unit announced it is entering the health-care market with Clover PracticePay. Clover worked with Rectangle Health, a developer of payments software for the health-care industry, on the launch. Mastercard Inc. and American Airlines said they have agreed to extend a longstanding agreement under which Mastercard supports a cobranded …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
