Credit Cards

Deluxe Corp. is best known as the largest supplier of checks in the United States, but early Thursday it showed how serious it is about staking a major claim in digital payments. The Shoreview, Minn.-based company announced it has agreed to pay $960 million in cash for First American Payment …

Discover Financial Services reported $1.6 billion in net income in the 2021 first quarter, a reversal of a $61 million loss in the same quarter in 2020. Discover said its payment services volume was $75.9 billion, a 19% increase year-over-year. Dollar volume on its Pulse debit network increased 23% year-over-year, driven …

Amazon.com Inc. is expanding its Amazon One biometric payment technology to Whole Foods stores in Seattle. Amazon, which launched Amazon One in its two Seattle Amazon Go stores last September, will initially roll the technology out to a Whole Foods store near its headquarters and eventually to seven more stores …

French processor Worldline S.A. reported its first-quarter merchant-services revenue dropped 8.7% year-over-year to 517 million euros ($621 million), while its terminals and software unit saw a 16.5% decline to 266 million euros ($320 million). Worldline acquired terminal maker Ingenico Group S.A. in October.FIS Inc. said it has won a domestic acquiring license for its Worldpay …

North America has emerged as the largest sales-generating region for buy now, pay later provider Afterpay Ltd. In the Australia-based company’s latest financial results, North America sales accounted for A$2.6 billion (US$2 billion) in the third quarter ended March 30. Only Australia and New Zealand approach that volume. Overall, Afterpay said …

Saturday has come and gone, and it appears plenty of gas stations—including many branded by major oil companies—are still falling short of chip card acceptance at the pump, despite a deadline for EMV compliance that fell on April 17. Some 48% of fuel and convenience-store sellers have complied with the …

San Francisco late last week became the fourth city to roll out Cubic Transportation Systems’ mobile contactless-payment application, joining Washington D.C., Chicago, and Los Angeles. Consumers can use the white-label app and an iPhone or Apple Watch to purchase tickets from the 24 transit agencies that operate the city’s subway, …

More evidence emerges of how consumer spending has changed in the past year. Consumers are using their debit cards more for transactions at hotels and motels within the travel sector, according to the PSCU Payments Index for April. Released Thursday, the index shows that debit card use accounted for 35% …

After the current U.S. Congress was sworn in, a predictable chorus of merchants, lobbyists, and lawmakers demanded new interchange price caps and other government mandates to decrease credit card interchange fees for merchants. The tired attacks on credit cards are an easy narrative that focuses almost exclusively on the cost …

On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The day’s activity left Coinbase with a valuation of $85 billion on a diluted basis, making …