Debit Cards

Chip cards are coming to state benefit programs, with the latest development emerging from Alabama. The state’s Department of Human Resources is mailing electronic benefit cards embedded with chips as a means to combat fraud, according to an announcement early Friday from the chip card supplier, Conduent Inc. The chip …

Illinois merchants scored a big victory late Tuesday in their battle for interchange relief as United States District Court Judge Virginia Kendall upheld the Illinois Interchange Fee Prohibition Act. The decision, which comes after more than a year of legal wrangling, means the IFPA will go into effect July 1, …

Fiserv’s chief executive early Tuesday told Wall Street not to look for immediate improvement following a sub-par year in 2025. “Our headline results are below our expectations and will remain that way until mid-year,” chief executive Michael Lyons told equity analysts at the top of a group call with equity …

Bolt Financial Inc., whose app offers checkout, identity, and payments capabilities, announced it is adding embedded investing capability through a deal with Atomic, an investing-as-a-service platform. Corpay Inc. said it will sell its PayByPhone mobile parking payments platform to Lightyear Capital in a deal expected to close in the second quarter. …

Visa Inc. chief executive Ryan McInerney touted the card network’s ability to build and deliver innovations and scalable technologies as drivers behind the company’s strong fiscal first quarter 2026 results.  Processed-transaction dollar volume grew 8% year-over-year in the quarter to nearly $4 trillion in constant dollars, with transactions up 9% …

Mastercard Inc. grew its fourth-quarter net revenue by double digits in the face of a market that has forced payments companies to wrestle with a slew of knotty considerations, including the potential impact of a major bill that would cap credit card rates and the dizzying effect of fast moves …

Payments provider Nuvei Corp. said it will offer virtual card technology from WEX Inc. to its merchant base under a new agreement. Forter Inc., a developer of anti-fraud technology, said it will offer fraud prevention and identity technology to the McDonald’s Corp. for transactions conducted digitally with the hamburger chain. Mastercard Inc. announced …

Affirm Holdings Inc. early Monday widened banks’ access to its buy now, pay later loan programs for debit card holders through a deal with Fiserv Inc. The deal will enable banks on the Fiserv network to integrate Affirm’s pay-over-time solution into their debit card programs via their digital-banking and mobile-app …

Regions Bank, with 1,250 branches, will use payment processing services from Worldpay, a unit of Global Payments Inc., for its Regions Merchant Services business. Meanwhile, credit union service organization Velera says Financial Center First Credit Union chose it for credit and debit card processing services. Birmingham, Ala.-based Regions Bank, part …

Payments-technology provider PayEngine will enable its softPOS tap-to-pay service with ServiceTitan Inc., a software developer for contractors in the HVAC, plumbing, electrical, and other service sectors. Santa Monica-based PayEngine says this means consumers will be able to pay their contractor invoices on the ServiceTitan platform by tapping a contactless card …