Issuing/Originating

As money movement gets faster, consumer expectations are increasingly pushing payments providers to make funds available sooner. PayPal Holdings Inc. on Tuesday bowed to that reality with the latest in a series of faster-payment services. The new service, called Instant Transfer to bank, relies on connections to real-time payments pioneer …

Repay Holdings LLC said its 2018 payment volume increased 42% to $7.5 billion from $5.2 billion in 2017. Its net income increased 12% to $10.5 million from $9.4 million. Repay is in the midst of a pending merger with Thunder Bridge Acquisition Ltd. Net Element Inc. unit Unified Payments will …

A bank’s ability to deliver convenience and security is a high-stakes balancing act. Consumers value secure applications, but they don’t want the hassle that often accompanies multiple points of authentication. They want easy-to-use applications that facilitate fast and seamless financial transactions.  There has been no shortage of data breaches over …

American vacationers flock every year to the scenic islands of the Caribbean, and some day they might be using a digital version of the East Caribbean dollar to pay for a Rum Punch or Ting With a Sting. The Eastern Caribbean Central Bank, the monetary authority for the eight-country Eastern …

Cardlytics Inc. continues to ramp up its rewards platform to accommodate an expected tens of millions of new users coming from new big-bank clients, but revenue growth will lag customer growth for some time, company executives signaled this week. Atlanta-based Cardlytics’s main product, Cardlytics Direct, provides merchant-funded offers to consumers …

PayActiv Inc. will use the Visa Direct platform from Visa Inc. to offer real-time deposits of earned funds to its clients’ employees. The funds can be loaded onto a Visa debit or reloadable prepaid card. PayActiv also launched its own Visa-branded general-purpose reloadable prepaid card. Testing lab Q-Card Co. said …

Fewer consumers fell victim to payment card fraud in 2018, but fraud victims picked up more of the financial losses, according to Javelin Strategy & Research’s latest annual identity-fraud study. Based on the results of its 16th annual identity-fraud study, Javelin estimates that payment-related fraud affected 14.4 million consumers last …

Observers of the U.S. payments market who have been expecting a surge in conversions to dual-interface cards may have been disappointed Wednesday morning as CPI Card Group Inc., one of the nation’s biggest card manufacturers, said it expects “dual interface to grow gradually as a proportion of the U.S. market” …

Payments provider Payroc LLC announced it acquired Detrok Technology Services, a developer of technology for point-of-sale, payment, and other functions in the hospitality industry. Terms were not disclosed. Payments provider Powertranz said it and NCR Corp. integrated the Powertranz software development kit and payment gateway into the NCR Aloha point-of-sale …

The Kroger Co. on Friday opened a new front in its battle with Visa Inc. over acceptance costs with an announcement that it will stop accepting Visa credit cards at its Smith’s Food & Drug Stores chain, which operates 134 stores in seven Western states. The ban is set to …