Credit Cards

Point-of-sale technology provider Toast Inc. reported gross payment volume of $60.7 billion for the June quarter, up 22% year-over-year, as total locations served also grew 22%, to approximately 180,000. Revenue totaled $290 million, up nearly 28%, with net income totaling $154 million, a 93% rise. Also, BHW Hotels, parent of WorldHotels, Best Western, …

The Western Union Co. and payments-technology developer Rain have launched a digital wallet and credit card that can enable money transfers using stablecoins from a card-linked account. Called Stablecard, the product works with the stablecoin USDPT, also introduced Tuesday. Stablecard is going live in 37 markets, according to Western Union, …

More evidence has emerged that consumers are wholeheartedly embracing payment apps and digital wallets as these two payment methods are used by most consumers, finds the WSFS Bank 2026 Money Trends Survey. Among the 1,022 respondents, 73% regularly use a payment app in 2026, up from 67% in 2023, and …

The Western Union Co. reported June-quarter revenue of $1 billion, flat with the year-ago result. Net income of $76.7 million was down 37%. Revenue from consumer money transfers totaled $866.1 million, down 2%; for the first half of the year, consumer-transfer revenue fell 3% to $1.71 billion. Setomatic Systems, a provider …

As payments executives wrestle with fast-moving trends in AI-driven commerce and in cryptocurrency, particularly stablecoins, card networks are gearing up to win more business in both markets. And network executives see those trends accelerating, creating opportunities to grab market share if they act fast. “Agentic commerce is the next evolution …

Apple Inc. and Klarna AB are launching a new lease program called Apple Upgrade for Apple devices that sees consumers apply for a Klarna account. Consumers will use the Klarna app to monitor their Apple Upgrade account. Initially rumored last week, the now verified program offers users 12- and 24-month …

Mastercard Inc. unveiled enhancements to Mastercard in Control, its platform for virtual card numbers, including advanced virtual card controls and a single connection to the payments network’s network of embedded-payments partners. Point-of-sale platform Lightspeed Commerce Inc. launched its Lightspeed with Meta Conversions API for Lightspeed Retail. The utility helps merchants understand how Meta ads …

Restaurant point-of-sale system maker Qu released Qu Pay, a service that combines payment processing, guest identity, order intelligence, and capital access into a single platform. Restaurant chain Roy Rogers was among the first to adopt Qu Pay. MNEE Pay, a stablecoin payment platform found that 62% of U.S. stablecoin holders have converted …