Credit Cards

Zip Co Ltd., a provider of point-of-sale credit programs, said it has expanded a partnership with flight-booking platform Alternative Airlines to include a new car-rental program the platform is offering. SeatGeek, operator of an online marketplace for event tickets, announced a multi-year renewal of its contract with the Cleveland Cavaliers …

One of the biggest trends in payments these days is agentic commerce, and the major card networks are making sure they can master the trend on behalf of banks and merchants. The payoff can be substantial. “AI is changing how commerce happens, and that leads to more transactions for Mastercard,” …

Visa Inc. late Tuesday reported a strong September quarter featuring a 13% year-over-year  rise in revenue to $12.1 billion, generating GAAP net income of $6 billion. The financial momentum stemmed from a 9.5% increase in payments volume, to $4.08 trillion in constant dollars. For the full fiscal year ending Sept. …

Chip cards for recipients of the Supplemental Nutrition Assistance Program may be on the horizon because the Food and Nutrition Administration of the U.S. Dept. of Agriculture has issued a proposed rule that all states adopt the technology as one way to count fraud. Currently, just eight states issue chip …

PayPal Holdings Inc. reported a 2% rise year-over-year in third-quarter net revenue, to $8.58 billion, on a 6% increase in total payment volume, to $487.1 billion. Payment transactions rose 7% to 6.796 billion, while active accounts, at 440 million, were virtually flat, rising 0.6%. GAAP net income fell 14%, to $1.07 …

A new global fraud study from a leading credit-reporting agency ties a growing amount of fraud to compromises of trusted identity-verification systems, rather than from false identities used to open credit card accounts, bank accounts, and other starting points of fraud. The study also reveals a boom in fraudulent manipulation …

For some restaurant chains, innovation is coming in force to the common drive-through, with the latest example emerging early Thursday with the chicken-sandwich operator Bojangles’ announcement that it is extending an agreement to deploy an AI-based drive-through ordering technology from Tel Aviv-based Hi Auto Ltd. Charlotte, N.C.-based Bojangles, which operates …

It’s hard to imagine today, but there was a time when typing a credit card number into a Web site felt risky. In the 1990s, most consumers preferred driving to a store to shopping online. E-commerce user interfaces were clunky, the connection was slow, and the security of card information …

Data-encryption platform Evervault launched Browser Tokens, a service for agentic-commerce developers to allow AI agents to conduct transactions without exposing payment cards, passwords, or other sensitive personal information to the agent or browser provider. Loyalty and customer marketing platform Wildfire Systems released its “Agentic Commerce’s Wallet Problem” report that found just 5% …