Credit Cards

PAX Technology Inc. said it will work with engineering firm Omni Integration Inc. to launch PAX Edge, payment software designed to work with a range of gateway and backend environments, though not tied to a single processor. Cognizant announced it has a five-year agreement to install artificial intelligence technology for point-of-sale terminal …

Square has adopted services from card-issuing platform Marqeta for the Square Credit Card, a business card aimed at use by merchants. The card runs on the American Express network and is part of an effort by Square to consolidate its card programs into a single processor. Square, a unit of …

CDE Solutions, a provider of retail point-of-sale technology, said it has worked with Bodega AI to develop an AI-based point-of-sale platform for independent retailers. Self Labs has launched Agent Vault, a payment and log-in layer requiring AI agents to sign in to make purchases on behalf of human shoppers without seeing …

As the modern, online-based buy now, pay later market has matured, the type of products from BNPL providers has diversified. Splitit USA Inc. will launch the Splitit World Mastercard credit card as a white-label offer for financial institutions while Zip Co Ltd. intends to debut Zip Cash, a same-day cash …

Nuvei Corp. said it secured approval from the Payments Association of South Africa to offer local merchant payment services in South Africa. Wyoming-based Payward Inc. said it has agreed to acquire Finland-based Saldo Finance Oy and its digital-banking subsidiary Saldo Bank UAB, which operates in five European countries, with a credit card …

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 …