Mobile Wallets

Repay Holdings Corp. launched its Instant Funding product in Canada. The service uses Visa Inc.’s Visa Direct service to send funds directly to eligible Visa debit and prepaid cards. Repay said Canadian lenders and finance companies can disburse funds electronically and eliminate traditional checks and electronic funds transfer transactions. Repay also …

As payment companies expand ways for consumers to make digital payments, 62% of North American merchants, bankers, and fintech providers expect more such payments within the next two years, says Forrester Research Inc. in its “Understanding the Evolving Payments Landscape” report released Monday. Commissioned by Visa Inc., the report also found …

451 Research projects that contactless mobile payments will control less than 2% of U.S. retail sales in 2019, owing to lack of a “measurably better value proposition” for mobile payments vs. cards, as well as other factors.Chase Bank, a unit of JPMorgan Chase & Co., has canceled all credit card debt for …

Ride-sharing leader Uber Technologies Inc. reported Thursday that it’s had some success in reducing payment card acceptance costs, though it didn’t say by how much. “We continue to make good progress,” Nelson Chai, San Francisco-based Uber’s chief financial officer, said on a late-afternoon conference call with analysts to review the …

ClearSale, an online fraud-prevention provider, said online shopping cart 3dcart will offer ClearSale services to its merchants.Payrailz, a payments provider to banks and credit unions, announced it has launched a credit-union service organization (CUSO) called CU Payz.Payments-technology firm Verrency said it has collaborated with Coinify, a digital-currency payments provider, to allow banks …

Apple Inc.’s new Apple Card is an unconventional animal with what some observers call ho-hum rewards, but separate studies released Wednesday show the card nonetheless could make a big splash. Research firm J.D. Power said its late June survey found “awareness is already remarkably high” for a product that offers …

Apple Inc. made its upcoming Apple Card available to the public on a limited basis. The full rollout of the card—which was unveiled in March, is issued by Goldman Sachs Group Inc., and runs on the Mastercard network—is expected later in the month.Automated clearing house network administrator Nacha said it is “committed to working cooperatively …

The PCI Security Standards Council and Retail & Hospitality ISAC issued a joint bulletin about a growing threat to e-commerce Web sites that the cybersecurity organizations say requires “urgent awareness and attention.” The threat, sometimes dubbed Magecart, involves sites infected with difficult-to-detect malware that skims payment card information during a transaction without …

Fidelity National Information Services Inc. (FIS) said it has closed on its $43-billion cash-and-stock acquisition of processor Worldpay Inc. The deal was announced in March. Wednesday’s announcement follows approval of the merger by Worldpay shareholders last week and by the Federal Trade Commission in April.Apple Inc. CEO Tim Cook reported the Apple Pay mobile-payments service is now completing nearly …

Mastercard Inc. saw strong growth in its core business in the second quarter, a time when the network continued its push for contactless cards and development of the new Secure Remote Commerce system for online payments. Mastercard said it switched 21.4 billion transactions globally in the three months ending June …