Issuing/Originating

PayIt LLC announced on Tuesday it is processing payments for fishing licenses for the Eastern Band of Cherokee Indians in North Carolina. The deal, which was consummated March 20 but not announced immediately, is the latest for PayIt, an 11-year-old Kansas City, Mo.-based platform that specializes in digital payments for …

Merchants have been granted a 90-day extension to file a monetary claim as part of the settlement of a nearly two-decades-old interchange lawsuit filed against Visa and Mastercard. Merchants now have until Aug. 30 to file their claims, the court overseeing the settlement has ruled. A settlement between Visa and …

The onset of the covid pandemic spurred deployers and developers to bring contactless technology to the ATM, and now industry organizations are offering guidelines on the matter as deployers look to widen acceptance of contactless cards and mobile devices. Calling contactless technology “table stakes” for most consumers, the Redwood City, …

CPACharge an online payment service for accounting businesses that is a unit of AffiniPay, said it lined up referral partnerships with the CPA societies in New Jersey, Nevada, and Wyoming. Boston’s mass-transit system will launch contactless fare payments, possibly by early summer, according to news reports. The fintech Guavapay said it is collaborating with …

Despite the growing popularity of digital wallets, the vast majority of consumers prefer to pay with their debit card at the point of sale, according to research from J.D. Power. Some 72% of consumers surveyed by Power physically use their debit card at the point of sale or enter their …

Mastercard Inc. outlined how it uses generative artificial intelligence to counter fraud, such as when criminals place part of a 16-digit card number on an illegal Web site. Mastercard said it is better able to predict the full card detail of these compromised cards on its network, enabling them to be …

The Consumer Financial Protection Bureau on Wednesday issued an interpretive rule that buy now, pay later users are entitled to some of the same rights and protections of the Truth in Lending Act that apply to credit cards. Protections the CFPB says consumers are entitled to include the right to …

Despite some claims to the contrary, the odds are long that merchants would pass on any potential savings to consumers from the Credit Card Competition Act, payments experts say. One argument for this is that merchants price products on a line-item basis, which means the savings on a single product …

Presto Automation Inc., a provider of payments technology for quick-serve restaurants, said its March-quarter revenue dropped 33% year-over-year to $4.45 million. Revenue for the year ending March 31 also fell by one-third, to $14.2 million. The company said it will wind down its pay-at-table product to concentrate on its artificial-intelligence …

A bill containing a provision that would raise the asset threshold for debit card issuers covered by the Durbin Amendment narrowly passed in a vote late Thursday by the House Financial Services Committee. The committee voted 24-22 in favor of advancing the bill, called the Bank Resilience and Regulatory Improvement …