Marketing

In the first six weeks after The Clearing House Payments Co. LLC on Feb. 9 raised its real-time payments transaction limit from $1 million to $10 million, transactions of more than $1 million accounted for more than half the value of all real-time payments processed at Bank of America Corp., one of …

Competition at the point of sale is just as tough behind the counter as in front. Two payments companies separately are launching new products they hope will give them an edge. PAR Technology Corp. released PAR Engagement, a portfolio of products meant to help enterprise restaurants win over more customers, …

NK Retail, a Sweden-based luxury department-store chain, is deploying Lightspeed Commerce Inc.’s NuORDER by Lightspeed B2B commerce platform. NuORDER by Lightspeed is aimed at helping retailers streamline wholesale buying and selling with features like virtual showrooms and order-management systems.  NK offers a broad selection of fashion, beauty, interior design, and …

Prizeout, a fintech specializing in digital gift card payouts and cashback rewards, announced CashBack + Pay late Tuesday, a cashback program for debit card holders whose cards have been issued by credit unions. CashBack+ Pay gives credit union debit card holdings instant rewards averaging 6.8% of the transaction amount, the …

Mastercard Inc. and PayPal Holdings Inc. said they will work together to develop new features to the recently introduced Mastercard One Credential, a digital payment service that supports multiple payment methods that launched in February. In related news, PayPal said it is adding new capabilities to its Venmo social payments platform, including limited time …

As online marketplaces continue to reshape global commerce, the opportunities for these businesses—and their payment providers—are vast. Yet, as recent trends demonstrate, so are the risks. Online marketplaces and their payment providers are increasingly at the center of a growing web of sophisticated fraud, regulatory scrutiny, and legal accountability. Challenges …

Over the weekend, President Donald Trump withdrew the nomination of Jared Isaacman, Shift4 Payments Inc. founder and chief executive, as the nominee to lead NASA, the Associated Press reported. In a statement on Truth Social, Trump wrote, “After a thorough review of prior associations I am hereby withdrawing the nomination of Jared …

Filled with ideas and enthusiasm, U.S. small businesses have the drive to grow their businesses, but a low availability of tools and resources may hamper some of that ambition. Mastercard Inc. says its new Small Business Navigator can help with that. The program offers education, insights, protection, and planning tools, …

The predictability of buy now, pay later loans and the interest-free nature of many of them is appealing to merchants, as many consumers—86%—believe the economy is uncertain, finds a new report from Affirm Inc. Commissioned by installment-payment provider Affirm, the survey, conducted by Talker Research in March of 2,000 U.S. …

Payments-software developer BHMI said it has updated its Concourse Financial Services Suite to allow firms to comply with the Illinois Interchange Fee Prohibition Act, which is set to take effect July 1. The law prohibits interchange on state and local taxes and on tips. Galileo Financial Technologies launched Galileo Payment Method Switch, technology …