Issuing/Originating

A serious expansion of the Zelle peer-to-peer payments network or just saber rattling to get a better deal from the card networks? That’s one question raised by payments-industry experts after The Wall Street Journal reported Wednesday that Bank of America Corp. and Wells Fargo & Co.—two of the seven big financial institutions …

At least a couple of banks—Bank of America Corp. and Wells Fargo & Co.—are proponents of expanding the Zelle peer-to-peer payments service to retail payments, The Wall Street Journal reported. Owned by Early Warning Services LLC, itself owned by seven of the largest U.S. banks including BofA and Wells, Zelle offers account-to-account payments. The …

In an effort to tackle the growing problem of digital-payment fraud, Early Warning Services LLC on Tuesday introduced Authentify, an account-based identity-verification service for consumers and businesses. When loaded on to a business’s Web site or app, Authentify streamlines the customer identity-verification process by allowing consumers to share their bank-account …

Payments provider TouchBistro launched TouchBistro Marketing, aimed at helping restaurants connect and market to customers via custom marketing campaigns. The new system links to TouchBistro’s restaurant-management platform.Innovative Payment Solutions Inc. announced the second phase of its IPSIPay App with approval from Visa Inc. for use of Visa debit cards within the app.PayPal Holdings …

Paysafe Ltd. announced it is processing payments for several iGaming operators in the Canadian province of Ontario, including PointsBet and theScoreBet.Diebold Nixdorf said Langley Federal Credit Union selected the company to operate and manage its self-service banking channel. The credit union said it has more than 320,000 membersBuy now, pay later specialist Klarna …

Some 79% of cybersecurity professionals globally said their organizations had been hit by ransomware within the last 12 months, according to a survey of 620 respondents conducted by Enterprise Strategy Group and commissioned by OwnBackup, a data protection platform.Payments provider Repay Holdings Corp. announced an integration with Flex, a provider of core system …

The PCI Security Standards Council published version 4 of the PCI Data Security Standard. Features of the new standard include, among other changes, updated firewall terminology and a requirement to implement multi-factor authentication for access to the cardholder data environment.Processor Adyen said it is expanding beyond payments to offer embedded financial products, including Adyen …

For the second time in a week, Fiserv Inc. has taken a plunge into open-banking technology, announcing on Wednesday a partnership with Finicity, a Mastercard Inc.-owned open-banking platform provider. The deal comes hard on the heels of the partnership Fiserv announced last week with MX Technologies Inc. The latest deal …

Payments provider Payfare Inc. announced it is adding Visa Direct to its platform to enable real-time payouts to gig workers.Cloud-based payments provider Volante Technologies said it is working with the consulting firm KPMG to offer banks cloud technology for real-time payments, along with an advisory service.Mastercard Inc. is working in the United Kingdom with Temenos, …

With the Consumer Financial Protection Bureau investigating the impact of buy now, pay later programs on consumers, the Electronic Transactions Association early Friday released a letter it hopes will help clarify the issues and help allay the regulator’s concerns about key issues such as debt accumulation, regulatory arbitrage, and data …