Mobile Wallets

PayPal Holdings Inc. early Tuesday announced it has appointed board chairman Enrique Lores president and chief executive, replacing Alex Chriss. Lores moves into his new position after more than six years as CEO at HP Inc. The company also reported December-quarter results in the face of a steep drop in …

Chalk up another way for merchants and consumers to use Paze, the digital wallet from Early Warning Services LLC, as a deal between Deluxe Corp. and Payfinia seeks to make it easier for independent software vendors to incorporate Paze into their software apps. Payfinia, formed by Tyfone in 2024 to …

American Express Co., reported 2025 revenue of $72.2 billion, up 9% year-over-year. Fourth-quarter revenue totaled $19 billion, up 10%. Net income came to $2.46 billion for the quarter and $10.8 billion for the year, up 13% and 7%, respectively. Revenue from discount fees was $37.4 billion for the year, a …

Zelle, the peer-to-peer payment service operated by Early Warning Services LLC, announced late Tuesday 337 financial institutions joined the network in 2025. The majority of the institutions are community banks and credit unions with assets of less than $10 billion. The influx of new financial institutions gives Zelle access to …

Merchants and consumers are embracing cryptocurrency as a mainstream payments option, according to a study from the National Cryptocurrency Association and PayPal Holdings Inc. Some 39% of merchants surveyed accept cryptocurrency at checkout, while 84% believe crypto payments will become common in the next five years, the study says. A …

Stablecoins have moved into the mainstream of digital payments, according to a report from cryptocurrency platform provider zerohash. In 2025, stablecoin transaction volume as measured in U.S. dollars increased nearly seven-fold year over year, while the average transaction size rose 157%. In addition, the number of customers actively transacting with …

PayPal Holdings Inc. is getting a boost from Blackhawk Network, a major gift card platform, which early Tuesday launched a promotion that could lift results for Blackhawk as well. Pleasanton, Calif.-based Blackhawk announced early Tuesday it is offering 5% cash back to consumers who opt in and buy digital gift …

Restaurant chain Steak ’n Shake says it has reduced its transaction fees by nearly 50% compared to credit card acceptance costs, while at the same time increasing sales by 15%, since it began accepting bitcoin last May. Steak ‘n Shake has nearly 400 locations in the United States. Steak ‘n …

DriveCentric, a customer relationship management platform, said it will work with Dealer Pay, an automobile dealer-specific payments platform, to enable payment collection within DriveCentric. Landi Global introduced its P-Series point-of-sale devices. The company also marked its 20th anniversary. Chinese users of Apple Pay may now use Visa cards issued in China for overseas payments, ending …

Digital payments last year generated $354 billion in economic output and supported more than 2 million jobs in the United States, says a report from the Electronic Transactions Association. In addition, each job directly related to digital payments supported an additional 2.6 jobs in the economy outside the digital- payments …