Credit Cards

Indications emerged late last week that Sen. Richard Durbin, D-Ill., has embarked on a strategy for his credit card routing bill that follows a path similar to one he forged a decade ago for his rules governing debit card routing. The veteran senator, along with co-sponsor Roger Marshall, R-Kan., have …

Lightspeed Commerce announced it has added a data-analytics capability, Lightspeed Advanced Insights, to its Lightspeed Restaurant payments service.The French payments company Worldline announced it has closed on the sale of its Terminals, Solutions & Services unit to Apollo Funds. The 2.2-billion-euro deal, which includes the Ingenico line of point of sale devices, was announced in …

Consumers’ usage of debit cards has finally surpassed that of credit cards. Through the second quarter of 2022, 56.2% of consumers preferred debit as their primary payment card, compared to 39.5% for credit, according to a report from S&P Global Market Intelligence. Those numbers represent a dramatic change in the …

In response to consumers’ growing concerns over the security and management of their personal data by businesses with which they interact, ATB Ventures on Thursday introduced its Oliu platform, a set of identity products aimed at helping businesses safely manage and verify the credentials of consumers they interact with digitally. …

Fiserv Inc. said its Carat operating system has added a capability for large enterprises to more readily access and analyze payments data.Mastercard Inc. said it is launching Strive USA, a small business imitative, in the United States for the first time. The goal is to support 5 million SMBs over the next five years.Also, …

The big payments processor Elavon Inc. has joined the movement to convert mass transit in the United States to contactless technology for fare transactions. The Atlanta-based company on Tuesday launched its Mass Transit Payments platform, aimed at both public and private agencies and with gateway and acquiring services provided by …

One country—the United States—accounts for 46% of all ransomware attacks, a sobering statistic revealed in a new report from NordLocker, a European cybersecurity provider. Yet, within the 50 states, not all have the same propensity for the nefarious attacks, NordLocker says, which analyzed multiple databases of ransomware incidents that affected …

Virtual payment cards have been around for more than a decade, but now they appear to be poised for big growth with the rise of e-commerce and the wide availability of digital wallets. Indeed, the volume of transactions arising from these cards will balloon from 28 billion worldwide this year …

Volante Technologies, a U.S.-based payments platform, said it is providing a banking portal for ACH Colombia, a fintech based in that South American country, as part of an effort to digitize ACH Colombia’s payments infrastructure.Payments-technology company Payscout LLC said it will offer a direct link to its Paywire platform to users of …

Rivalry in the highly competitive restaurant POS systems market got even hotter Monday as PNC Financial Group Inc., announced its acquisition of Linga, a provider of point-of-sale systems for the restaurant and hospitality industry, for an undisclosed sum. The deal will enable PNC to better serve its clients in the …