Debit Cards

Payments provider Priority Technology Holdings Inc. announced it has entered into a so-called stalking-horse agreement to bid on the assets of Plastiq Inc., an 11-year-old payments provider that has entered Chapter 11 restructuring. Terms of the bid were not disclosed. Freshmart, a Puerto Rico-based grocer with seven stores, said it has chosen eGrowcery to …

Citizens Bank has launched the Private Client World Elite Mastercard, which uses tactile notches on the side of the card to help visually impaired consumers determine the type of card they are using—credit, debit or prepaid—by touch alone. The card features different types of notches to distinguish the card type …

Cantaloupe Inc., a specialist in micropayments, announced on Tuesday it has teamed up with Amazon Web Services Inc. (AWS) to use AWS cloud services and make AWS its preferred provider to handle transaction volume flowing through Cantaloupe’s merchant network. Cantaloupe, which specializes in payments technology for vending machines and self-service marketplaces, handles …

As part of a settlement with Citizens Bank, the Consumer Financial Protection Bureau is requiring the bank to pay a $9-million civil money penalty for its alleged failure to “properly manage and respond to customers’ credit card disputes and fraud claims.” The agreement is subject to approval by the court. UATP, a …

Small businesses in Canada will reap lower interchange rates in that country, the Department of Finance Canada announced Thursday. The deal suggests a similar reduction is possible in the United States, the Merchant Payments Coalition quickly responded. Both Mastercard Inc. and Visa Inc. agreed to lower the domestic consumer credit …

Galileo Financial Technologies LLC has reached an agreement with Amazon.com to make its platform available to buyers on Amazon’s AWS Marketplace. AWS marketplace is a digital catalog that features software listings from independent software vendors. Businesses use it to find software that runs on Amazon Web Services (AWS), a unit …

Cybercrime remains a scourge difficult to tame, according to data from Apple Inc., the Identity Theft Resource Center, and LexisNexis Risk Solutions. Apple Inc. late Tuesday revealed it stopped more than $2 billion in fraudulent transactions in its app store in 2022. In addition, the technology giant blocked nearly 3.9 …

Sezzle is fine-tuning the buy now, pay later experience with the debut of its Pay-in-2 product. Just as its name suggests, the new product splits transactions into two payments, which can help expand BNPL to new categories, such as grocery, monthly subscriptions, and other high-frequency categories, Sezzle says. Consumers choosing …

A startup fintech called Engage has launched a communication channel allowing customers and merchants to interact via purchase transactions through card networks. In the hotly contested hospitality point-of-sale market, Lightspeed Commerce Inc. launched the newest version of its Lightspeed Restaurant set of technologies, which is immediately available in the U.S. market. Security firm Sophos said it …

Square, the point-of-sale and e-commerce unit of Block Inc., is the latest technology provider to turn up the heat in the already hotly competitive restaurant POS market. It announced Tuesday the launch of Square KDS, a kitchen-display system on the Android operating platform, and the debut of Square for Franchises, …