Credit Cards

With at least two AI agents available that can make payments on behalf of users, payments companies are preparing for a larger role for agentic commerce. American Express Co. Tuesday published a framework for trusted agentic commerce, something it hopes could be part of a larger standard for the payments …

Visa Inc. said the People’s Bank of China has approved the global payment network’s Application to Prepare, a step toward the establishment of a domestic bank-card clearing institution in China. Visa’s goal is to establish processing for domestic payments in that country. Euna Solutions, a technology provider for the public sector, …

Banking infrastructure provider Increase said it will use services from Spade to enable real-time merchant data for card transactions to appear on statements provided to consumers. FIS Inc. also said it would use Spade to provide clearer debit card descriptors. PAR Technology Corp. updated Bridg, its identity resolution and shopper …

Consumers made fewer shopping trips in September but demand for back-to-school supplies helped boost overall sales, according to Fiserv Inc.’s Small Business Index, released early Monday. All in all, the index for September registered at 146, up one point from August and a 2.2% increase from the same month last …

Surcharging compliance, once the sole domain of card brands, has spread into a patchwork quilt of state regulations that is making software providers and their payments partners feel the squeeze. The issue has little to do with the card brands, which altered their rules in 2013 to allow surcharging on …

Consumers in New York City have a new option for canceling their online subscriptions with new rules issued by Mayor Zohran Kwame Mamdani becoming effective Thursday, Oct. 1. The click-to-cancel rules require subscription providers to make it as easy to cancel as it was to sign up. A similar federal …

The United States is one of, if not the, most credit card-centric market so companies do all they can to meet consumers where they want to interact. That includes mobile wallets, which ConnexPay LLC, a payout specialist, is doing. It’s added virtual card support for mobile wallets, enabling them to …

E-commerce payments provider FastSpring announced it has introduced Cash App Pay as a payment method for its checkout. Block Inc. launched Cash App Pay on Square in 2021 and extended it to external sites the next year. Grocery chain The Kroger Co. launched its Kroger Rewards World Elite Mastercard, a credit card offering rewards good for …

How common will agentic payments become, and how fast? Predictions vary, of course, but tech companies are releasing new advances in the autonomous technology almost daily. In the latest example, AppZen early Wednesday unveiled Autonomous Cards, intended for corporate card programs. According to the San Jose, Calif.-based company, the new …

Two-thirds of consumers walk away from a payment process that requires more than three steps, according to “The Competition for Consumer Payments,” a report from Datos Insights sponsored by SBT, a payments platform specializing in regulated industries. Datos surveyed 2,000 U.S. consumers in the second quarter for the report. 934 Ltd., …