Issuing/Originating

KioSoft Technologies has agreed to license technology from PayRange Inc. in a deal that could exceed $62 million in value over a 10-year period. The agreement stems from a settlement of a four-year dispute in which PayRange, a provider of payments technology for the laundry and vending industries, alleged KioSoft infringed its …

Amazon.com Inc. is offering buy now, pay later loans in Mexico through a partnership with Kueski Pay, a BNPL program in Mexico. Shoppers on Amazon Mexico can use Kueski Pay to pay for their purchases in four or 12 bi-weekly installments through a linked bank account or debit card, or …

American Express Co. reported record revenue and record earnings early Friday as it posted a fourth-quarter 2023 performance that the company says proves it has put the languor of the pandemic behind it. “Looking back over two years, we have achieved what we set out to do. We are a …

Visa Inc. reported $8.6 billion in net revenue for its December quarter, up 9% year-over-year, on $3.9 billion in credit and debit card volume, up 7.8%. Apple Inc. announced changes to iOS, Safari, and its App Store to meet European Union rules, including new options on its App Store to use payment …

Mastercard Inc. is taking on the problematic use of passwords with its new Biometric Authentication Service. Announced Wednesday, the new global service is meant to help resolve friction and vulnerability issues that arise from ceaseless passwords and multi-factor authentication prompts, Mastercard says. The service relies on standards from the Fast …

Payments research and consultancy firm TSG conferred its Best Performing Gateway award on Worldpay, with Elavon’s Fusebox in second place. The firm monitors gateway performance through its Global Experience Monitoring platform, which monitors credit card transactions across 30 locations around the world. Digital workflow provider ServiceNow announced a five-year agreement with Visa Inc. to …

Klarna AB, a buy now, pay later provider, is entering the subscription arena with the U.S. launch of Klarna Plus. For $7.99 a month, Klarna Plus enables eligible consumers to earn double rewards points on their purchases, pay no service fee when using Klarna at merchants outside of the Klarna …

Prepaid card spending is on the rise, according to Fiserv Inc.’s annual Prepaid Consumer Insights Study. Some 69% of consumers surveyed say they purchased the same number of gift cards, or more, in 2023 compared to 2022. In addition, 40% of  buyers are putting at least $50 on gift cards, …

While digital wallets have established a beachhead in the payment ecosystem, consumers still aren’t embracing the apps with gusto. The primary reasons are concerns over security and the lack of value-added features, such as rewards and loyalty programs and spend-management capabilities, says Justin Passalaqua, managing director of North America for …

E-commerce has expanded at a fast clip in recent years, in part thanks to habits formed during the pandemic, and with that growth has come new techniques to simplify buying and selling for both experienced and new users. The latest development emerged Thursday with an announcement by Caseproof LLC that …