E-Commerce

PhotonPay announced over the weekend it has joined Circle Internet Financial’s fledgling Arc blockchain, representing the latest participant for Arc since Circle unveiled the network in August. Hong Kong-based PhotonPay, which in July became a Mastercard commercial card issuer, also supports Mastercard users of Google Pay to enable contactless payments …

Amscot Financial said it will work with Green Dot Corp. to offer demand-deposit accounts offering a secured credit card, a network of more than 25,000 ATMs, and other features. Banker Washington Trust Co. said it added Fiserv Inc.’s Clover point-of-sale system to its roster of products available to its business clients. ECI Software Solutions launched …

As the dust settles around the latest settlement agreement in Visa Inc.’s and Mastercard Inc.’s long running legal battle with merchants over card-acceptance fees, how the offer will impact the payments industry is coming into focus. Early reaction to the agreement from payments experts is that interchange relief will be …

E-commerce technology company New Generation released Kepler, an agentic commerce platform for retailers. Kepler has a suite of tools to help merchants structure, analyze, and present their product data in formats that both humans and artificial intelligence engines can understand, New Gen said. The Pix real-time payments network in Brazil is likely to surpass …

Paysafe Ltd. early Thursday reported a net loss in its third-quarter results that widened to $87.7 million from $13 million last year as the company’s top executives expressed some frustration with its recent performance, particularly in its merchant-processing unit. Much of the loss, though, is attributable to a non-cash charge …

The Federal Reserve announced its FedNow real-time payments network has raised its transaction limit to $10 million from $1 million. The tenfold increase is expected to enable more transactions for such usages as corporate treasury and payroll, vendor payments, and real-estate transactions. The Consumer Financial Protection Bureau issued a release saying it may not …

The payments industry for some time has been seeking meaningful growth in applications based on cryptocurrency, and early on Wednesday, one of the industry’s biggest players in that corner of the marketplace said it is making that happen with stablecoins—digital currency whose value is tied to fiat money like the …

PAR Technology Corp. launched PAR Catering, a service to help restaurants build and manage their catering operations. Block Inc.’s Square point-of-sale unit has launched a service that lets merchants accept bitcoin and manage digital assets in tandem with fiat currency. The service, which is charging no fees for the first year, includes …

Defendants in the long-running legal battle over merchants’ card-acceptance costs officially filed an Amended Settlement Agreement Monday. The agreement, filed in the United States District Court for the Eastern District of New York, will provide plaintiff merchants meaningful relief by remedying the concerns expressed by the court over a previously …

Merchant organizations contend an expected settlement offer in their ongoing, two-decades-old lawsuit against Visa Inc. and Mastercard Inc. over card-acceptance fees does not address the underlying problem that leads to high card-acceptance costs in the first place. Merchant opposition surfaced over the weekend after a story in The Wall Street …