Credit Cards

Fiserv Inc. is rolling out payment-acceptance technology to food-and-beverage vending machines in multiple markets across Europe in a move that supports mobile wallets as well as global and local payment cards. Selecta Group, operator of the machines, says its network supports devices in 16 countries selling snacks, meals, and coffee …

Till Inc., a rental payment provider, announced four new features enabling tenants to pay rent. One, Budget and Save, enables tenants to allocate rent in smaller installments for their entire rent prior to the due date. Landlords still receive the full rent amount on the due date. Another feature, Rewards …

While the two global payments networks have been embroiled in a controversy over merchant debit card fees in the U.S. market, they also face trouble in the United Kingdom over an even bigger issue: credit card interchange fees. That fact was thrown into relief early Thursday when Reuters reported the …

Boku Inc. launched what it says is the world’s largest mobile-payments network. The M1ST Payments Network reaches 5.7 billion mobile-payment accounts in 90 countries and offers more than 330 payment methods, the company says.Global payments provider Adyen NV said Just Eat Takeaway.com, an online food-delivery marketplace, will issue its prefunded Takeaway Pay Card …

Carat, Fiserv Inc.’s digital payout service, has broadened the number of accounts payments can be sent to with the addition of PayPal Holdings Inc. and Venmo. Carat payouts already can be sent to a credit or debit card, via automated clearing house to a bank account, to a prepaid card, …

The story of debit cards in the pandemic year of 2020 turns out to have several chapters—including higher average tickets, a sharp swing to card-not-present usage, a dramatic surge in contactless adoption, and higher mobile-wallet usage. Meanwhile, account-to-account transfers turned out to be the fastest-growing form of debit, though usage …

Open banking has been a big trend in payments for some time, and now traditional payment processors are getting in on the action. Paysafe Group Holdings Ltd. early on Monday announced it has agreed to pay $441 million to acquire Miami-based SafetyPay, a 15-year-old provider of digital payments for cash-paying …

Mastercard Inc. said it will slowly phase out the requirement that its branded cards have a magnetic stripe in favor of the EMV chip. Beginning in 2024, in most markets, newly issued Mastercard credit and debit cards will not be required to bear the magstripe. By 2033, Mastercard said none of …

Western Union Business Solutions (WUBS), formerly a unit of the Western Union group of companies, will rename itself Convera upon its recently announced $910-million acquisition by Goldfinch Partners LLC and The Baupost Group LLC. Patrick Gauthier, most recently head of Amazon Pay, has been announced as chief executive of Convera, which …

In response to small and mid-size businesses’ need for capital as the economy re-opens in the wake of the Covid-19 pandemic, payment-technology provider Veem Inc. on Thursday introduced two new short-term lending options as part of its Veem Capital offering. The first option, Pay Later, allows small and mid-size businesses …