News

April, 2025

• 4 April

  The Zelle App’s Role May Be Changing, But It Is Not Going Away, the Network Says

  

  Zelle, the peer-to-peer payments service from Early Warning Services LLC, took steps late Thursday to clear up misperceptions concerning its decision to limit the capabilities of the Zelle standalone app. As of April 1, app users can no longer transact or enroll in Zelle. Instead, the app will become more …
• 4 April

  Stripe, Adyen, and Toast Gain Among Top Acquirers, TSG Finds

  

  While the top 10 roster of the largest merchant acquirers in the TSG Directory of U.S. Merchant Acquirers shows little variation from last year—JPMorgan Chase & Co. is still No. 1 at $2.61 trillion in volume in 2024—smaller players are moving into the upper ranks. Adyen NV, a Netherlands-based processor …
• 4 April

  CapOne, Discover Deal May Have Justice OK and other Digital Transactions News briefs from 4/4/25

  

  The Department of Justice approved Capital One Financial Corp.’s $35-billion proposal to acquire Discover Financial Services, noting it does not see strong enough competition concerns to scrub the deal, which was first proposed by the two parties in February last year. PointsKash Inc. said it has concluded an agreement with Discover Network to issue …
• 3 April

  The Cost of Fraud Continues to Rise for Merchants, LexisNexis Finds

  

  Fraud costs merchants in the United States $4.61 for every $1 of fraud incurred, up 32% from $3.16 in 2022, according to LexisNexis Risk Solutions’ annual True Cost of Fraud Study. In Canada, fraud costs merchants $4.52 for every $1 of fraud incurred.  Driving the increase is that criminals are …
• 3 April

  Visa Rethinks Authorize.net And Adds Unified Checkout, Fraud Protection Service

  

  Visa Inc. will launch an updated Authorize.net, in what it calls a “reimagining” of the venerable gateway. Announced Thursday, the updated version will be available in the second quarter in the United States and in other markets later this year. Visa’s announcement was one of three it made, including a …
• 3 April

  Shoplazza’s Checkout Update and other Digital Transactions News briefs from 4/3/25

  

  The e-commerce platform Shoplazza Corp. said it has upgraded its payments platform in an effort to streamline checkout and cut cart abandonment. Aurora Payments has launched a service for its Arise payment platform that replaces cardholder data with tokens issued by the card networks in an effort to cut fraud, boost approval rates, …
• 2 April

  MoneyGram Adds Mastercard Move for Cross-Border Payments

  

  MoneyGram International Inc. said it will adopt Mastercard Move, the card network’s cross-border money-transfer application. Mastercard Move will enable MoneyGram users to initially send cross-border payments to 38 markets. Additional markets are expected to come online throughout the year. MoneyGram customers can receive payments through MasterCard Move at nearly 10 …
• 2 April

  ‘Debit With Benefits’ Debuts As Spire Launches Its Pay by Bank Service

  

  What may be the first merchant-branded, automated clearing house-based pay-by-bank service has launched. Pay with Spire Inc., a Dallas-based payments provider, says its new Pay with Spire platform enables merchants to accept pay-by-bank transactions with no integration and at lower acceptance costs than credit or debit cards. Spire says the …
• 2 April

  Alt Payments’ Vaulting Volume and other Digital Transactions News briefs from 4/2/25

  

  Led by digital wallets, instant payments, and QR-code payments, alternative payment methods will account for $142 trillion in volume by the end of 2030, up 170% from now, according to a forecast from ABI Research. Eurostar, the European passenger rail line, has adopted Klarna AB to enable ticket purchases in three equal installments …
• 1 April

  The Clearing House’s ACH Volume Swells As Adoption of Digital Transactions Spreads

  

  Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing House Payments Company LLC, totaled 20.7 billion in 2024, a 6.2% year-over-year increase, TCH reported late Monday. Dollar volume during the period totaled $56.4 trillion, a 7.6% rise from a year earlier. Dollar volume on …