Issuing/Originating

The Clearing House Payments Co. LLC said transaction volume on EPN, its automated clearing house network, increased 9.6% in 2021. The Clearing House and the Federal Reserve, the only ACH operators in the United States, each handle approximately half the commercial ACH market, TCH said.Buy now, pay later provider Sezzle Inc. said Yapstone …

With card issuers making it easier to dispute a transaction in the two years since the Covid-19 pandemic hit, observers say it has become harder for them to distinguish good customers from bad customers, especially when a transaction is disputed post-purchase. The latter case is when friendly fraud can occur, …

Visa Inc. will decrease interchange rates by 10% for small businesses accepting consumer credit cards in April, according to a Reuters report. The reduced rates will apply to online and card-present transactions and only to merchants with $250,000 or less in Visa consumer credit volumes, Reuters attributed its information to an …

The actions taken by the SWIFT payments-messaging network and by Visa Inc. and Mastercard Inc. to punish Russia for its invasion of Ukraine will have an impact, but a muted one, observers say.  The 49-year-old SWIFT system, which on Saturday said it is banning Russian banks, has not barred all …

Cross-border payments specialist Flywire Corp. reported its payment volume rose 75% year-over-year in the fourth quarter, to $3.1 billion. Volume for 2021 totaled $13.2 billion, up 76% from 2020.Walmart Inc. announced customers can send remittances from any of its U.S. stores to any of its stores in Mexico for a fee as low …

The Sweden-based buy now, pay later provider Klarna AB on Friday announced a major move in its increasingly crucial U.S. market with the news that it will provide its payment service to Brookfield Properties, a real-estate developer with more than 150 shopping centers. The agreement, which makes Klarna the exclusive …

Co-op Financial Services, which operates a network of 30,000 ATMs for credit unions, has rebranded as Co-op Solutions.Processor Evertec Inc. announced an extension of agreements with Banco Popular de Puerto Rico, which includes a 10-year extension of a merchant acquiring independent sales organization agreement. Evertec also announced it was acquiring BBR SpA, a Chile-based …

Phishing attacks in December totaled 316,747, the highest monthly total ever recorded by Anti-Phishing Working Group, (APWG) since it began tracking the cybercrime in 2004. Overall, the number of phishing attacks has tripled from early 2020, when the APWG was observing between 68,000 and 94,000 attacks per month. The APWG, …

Business-to-business payments provider Tipalti Inc. reported “unprecedented” growth in payments volume in 2021, with volume growing more than 100% from 2020 to more than $36 billon. The company’s client base increased to more than 2,000, including GoDaddy, Roku, ZipRecruiter, and Amazon Twitch.Fintech Social Finance Inc. said its SoFi Technologies Inc. unit has launched SoFi …

Klarna AB, the Sweden-based buy now, pay later giant with a major stake in the U.S. market, has opened a waiting list for its Klarna Card in the United States. The cobranded Visa card, to be issued by Salt Lake City-based industrial bank WebBank, follows Klarna’s convention of allowing users …