Issuing/Originating

Payments provider Payroc LLC announced a deal with PayTomorrow that will enable merchants, especially those selling high-ticket durable goods, to offer installment payments in stores, online, and via phone.Zuza LLC said it is providing its BloomPOS system to Payroc. Aimed at salons, spas, and gyms, the technology enables such functions as appointment scheduling …

Financial-services firms, and fintechs particularly, have been swamped with account-takeover attacks over the past year, leaving many consumers wary of visiting these sites, according to a report issued Thursday by Sift Science Inc. Indeed, the volume of account-takeover attacks overall more than tripled between the second quarter of 2019 and …

Processor Fiserv Inc. said it will open a new office building in New Jersey that will include 428,000 square feet of space and accommodate approximately 3,000 employees.In related news, Visa Inc. said it will open a new office in Atlanta next year. The company expects the new space to accommodate approximately 1,000 employees over …

Discover Network said it will work with Phood Solutions Inc., a food-payment and delivery platform for college students, to provide a mobile app that allows students to load a meal plan along with plan dollars for use with DoorDash and other services. Payments will be backed by a Discover prepaid card …

Mastercard Inc. joined the BNPL fray Tuesday with the introduction of Mastercard Installments. Consumers can access BNPL offers, either pre-approved through their lender’s mobile banking app or through instant approval at checkout, that can be used online or in-store wherever Mastercard is accepted. Consumers can choose from a variety of …

Thirty-nine percent of consumers would ditch traditional banking for peer-to-peer and social media app payments, found a survey of 1,000 U.S. consumers from GoCardless, which provides account-to-account payment services. Younger consumers are much more inclined than older consumers with 54% of Gen Z, the youngest, and 56% of Millennials, willing to …

MX Technologies Inc. continues to grow its ecosystem of open-banking partners, announcing Monday it is partnering with Pinwheel, provider of an application programming interface for payroll applications. The deal will provide financial-technology service providers with expanded coverage of income verification and improved underwriting models for better lending decisions, which in …

Capital One has partnered with fraud-detection firm Signifyd Inc. to raise authorization rates and reduce mistakenly declined transactions on Cap One credit card transactions.The Internal Revenue Service on Friday sent more than 430,000 Advance Child Tax Credit payments via same-day ACH on the automated clearing house network, according to Nacha, the governing body …

American Express Co. said it is working with Extend, a virtual card specialist, to expand its virtual card options for U.S. businesses.Gift card provider Factor4 LLC said it is work with SavorConnect, a cloud-based integration platform, to make its gift cards that can used online, in stores, and with mobile devices available on …

New research suggests buy now, pay later users may not be shunning traditional retail credit products in favor of the installment-payment option. That’s one finding from TransUnion LLC’s “Understanding the Evolving Point-of-Sale” report released Thursday. The data show that 76% of the point-of-sale financing applicants had a retail card in …