Credit Cards

Payments provider Nuvei Corp. said it will offer virtual card technology from WEX Inc. to its merchant base under a new agreement. Forter Inc., a developer of anti-fraud technology, said it will offer fraud prevention and identity technology to the McDonald’s Corp. for transactions conducted digitally with the hamburger chain. Mastercard Inc. announced …

The Merchants Payments Coalition released a letter from it and 350 merchant groups in support of the Credit Card Competition Act urging that the bill be attached to a proposed cryptocurrency marketplace structure legislation. The measure is expected to be discussed Tuesday by the Senate Agriculture, Nutrition, and Forestry Committee. The New England Automated …

Regions Bank, with 1,250 branches, will use payment processing services from Worldpay, a unit of Global Payments Inc., for its Regions Merchant Services business. Meanwhile, credit union service organization Velera says Financial Center First Credit Union chose it for credit and debit card processing services. Birmingham, Ala.-based Regions Bank, part …

The Credit Card Competition Act (CCCA) was dead in the water. Most of Congress would have preferred to leave it that way, avoiding a vote in which they would have to take sides between two powerful interests: banks and merchants. But President Trump, with a single Truth Social post on …

Payments-technology provider PayEngine will enable its softPOS tap-to-pay service with ServiceTitan Inc., a software developer for contractors in the HVAC, plumbing, electrical, and other service sectors. Santa Monica-based PayEngine says this means consumers will be able to pay their contractor invoices on the ServiceTitan platform by tapping a contactless card …

Research from the processor Paysafe indicates strong interest in online betting during the 2026 World Cup, with 19% of consumers globally planning to place their first online bet during the tournament. Block Inc.’s buy now, pay later service, Afterpay, said 96% of pay-in-four users who shopped during the Black Friday and Cyber Monday …

The proposed Credit Card Competition Act staged a comeback Tuesday with a huge boost from President Trump, who endorsed the bill on the Truth Social platform the previous day. The President’s backing breathes new life into the bill, which has been bandied about Capitol Hill for years. The last major …

Payments and rewards platform Blackhawk Network said it will issue two Mastercard-branded products: the Drive Prepaid Card, aimed at EV adoption programs, test drive incentives, and other programs related to automobiles; and the Grocery Prepaid Card, meant for cost relief. Polygon Labs, a blockchain-based payments company, announced agreements to acquire Coinme, a …

The Electronic Payments Coalition and other banking industry groups late Monday warned that enacting President Trump’s proposed one-year 10% cap on credit card interest rates would cause the majority of credit card holders to lose access to credit. President Trump, who first floated the proposal during his 2024 presidential campaign, …