Mobile Commerce

The climb in same-day automated clearing house volume continues as 403 million of these payments were made in 2026’s first quarter, a 23.6% increase from the same quarter a year ago. Started in 2016 for credit payments only, same-day ACH volume has steadily grown, especially with the 2017 addition of …

Opponents of Illinois’s controversial Interchange Fee Prohibition Act have ratcheted up the pressure to preempt the law at the federal level or overturn it at the state level. The latest effort comes after a federal judge earlier this year upheld the law’s key provision, which exempts Illinois merchants from paying …

Early Warning Services LLC, provider of Zelle and Paze, launched Certos, a suite of products to help financial institutions counter fraud and expand financial access in the U.S. banking system. Digital-currency platform Binance has introduced Binance Chat, a feature in its app that enables cryptocurrency transfers, messaging, and other functions. MegPrime, a …

As the number of U.S. consumers who have heard nothing at all about artificial intelligence continues to drop, organizations are preparing for the expected infusion of AI into everyday life. Payments companies are no exception. American Express Co. is releasing a software-development kit called Agentic Commerce Experiences to help consumers …

SoFi Bank N.A. has enlisted Galileo Financial Technologies LLC to offer real-time send and receive capabilities every day, including weekends and holidays, through FedNow. As a result, SoFi customers will be able to move money between their accounts at different banks in seconds, instead of waiting for ACH transfers to …

Already known for its payment-processing services to merchants, Payroc LLC has added Jeanne D’Arc Credit Union, with its more than 100,000 members, as a payment-processing client. Announced Monday, the partnership sees Tinley Park, Ill.-based Payroc serving the credit union’s business clients with point-of-sale systems, online payments, electronic invoicing, and other …

A partnership between Visa Inc. and insurance-technology firm Neat will allow cardholders in Europe to use new insurance services, including digital claims processing. Repay Holdings Corp. released a statement defending its $372-million deal to acquire Kubra Data Transfer Ltd., announced March 31. The statement responds to objections from Repay investor Veradace Partners, which …

Square, Block Inc.’s point-of-sale payments unit, continues to focus on growing its POS business in the wake of its decision earlier this year to reduce its workforce by more than 40%. The latest deal is an expansion of an existing relationship with Birch Coffee, a New York City-based coffee chain. …