Credit Cards

Worldpay Inc. early Monday launched its Authentication Optimization service, which uses artificial intelligence to make real-time decisions on whether to authenticate a transaction using 3D Secure or to directly authorize the payment using such factors as risk and issuer preference. The service is being made available to merchants in non-3D …

Banking and payments platform Klarna AB announced early Monday a global membership program featuring Premium and Max rewards levels and offering cash back and benefits related to travel. The new program is starting out in Europe but “expansion to the U.S. is planned for the coming weeks,” the payments company …

Banking and financial-services provider HSBC has opted to use account-validation and risk-detection services from Validifi Inc. to verify account ownership and detect fraudulent payment attempts on bank accounts used to pay credit card balances, Validifi says. One Inc, a payments platform serving insurance companies, said it has launched its ClaimsPay service, with …

Zip Co. Ltd. said its payments services are available for U.S. merchants through checkout services managed by Stripe Inc., including Elements, Checkout, and Payment Links. Fintech Everyday People Financial Corp. has agreed to manage network-branded card and digital-wallet programs offered by XTM Inc., a provider of real-time payments and earned-wage access, in a deal …

Attorneys for plaintiffs and defendants in the lawsuit challenging the Illinois Interchange Fee Prohibition Act presented oral arguments Wednesday on plaintiff’s motion for Summary Judgment in the case. Attorneys for the plaintiffs argued that the preliminary injunction against the IFPA be broadened so that all financial institutions are exempt from …

Buy now, pay later providers continue to make inroads in payments, with Splitit Payments Ltd. integrating a service to make it easier for banks to offer their customers installment plans at checkout. Meanwhile, Affirm Holdings Inc. expanded how it works with processor Worldpay LLC by integrating its BNPL service into …

American Express Co.’s new campaigns to build more intimate relationships with restaurants and refresh its top-end Platinum card are starting to show signs of paying off, the card company said early Friday. The initiatives come as the company reported revenue growth of 11% year-over-year for the September quarter. The effort …

Universal Air Travel Plan Inc. (UATP) early Thursday announced it has partnered with Burbank, a United Kingdom-based fintech, to deploy an app that enables mobile devices to act as a POS terminal to process card-present transactions over the Internet.   The app is embedded in the merchant’s mobile app, which …

Processor FIS Inc. said it will soon release Smart Basket, technology designed to automatically optimize rewards and payment methods at checkout. Mastercard Inc. and Visa Inc. reached a proposed settlement of $199.5 million in a class action lawsuit a group of merchants filed almost 10 years ago, Reuters reported. The settlement still requires …

Klarna Group plc said it will support the AI-based Agent Payments Protocol from Google Inc. The technology allows shopping agents to find and buy products according to criteria set by consumers. Xplor Pay announced a partnership with Gatemaster Technology, a point-of-sale and ticketing software provider, that sees Gatemaster customers gain access to …