Transaction Processing

The FIDO Alliance has launched an initiative to accelerate the adoption of verifiable digital credentials and identity wallets. The initiative will be led by the Alliance’s Digital Credentials Working Group (DCWG), EMVCo, the International Standardization Organization, The OpenID Foundation, and the Worldwide Web Consortium are also partnering on the initiative …

InFlow, a startup aimed at enabling payments via agentic commerce, announced its launch with technology that allows agents to complete payments as instructed without pausing for human intervention. Digital-identity platform Socure Inc. has acquired Qlarifi Ltd., a U.K.-based consumer credit database specializing in buy now, pay later activity. Terms were not disclosed. …

Seeking to provide an alternative to rewards credit cards, Klarna AB has expanded its Premium and Max membership programs in the United States. Klarna’s membership program is a monthly fee-based service that offers consumers such rewards as cashback, exclusive deals, and lifestyle rewards, as well as airport lounge access and …

Nayax Ltd. early Thursday said it has acquired Lynkwell, a U.S.-based technology developer for electric-vehicle charging stations. The $25.9-million, all-cash deal comes as Nayax looks to capitalize on the growth of EV charging as a payments market, particularly in the United States. “We are opening the door to a more …

California Pizza Kitchen has signed with restaurant-technology provider OneDine LLC to deploy its platform in more than 100 CPK locations in the United States. The deal is a reminder that restaurant point-of-sale and management technology is one of the hottest acquiring markets in digital payments. OneDine’s platform, which the company …

Perhaps the executives at major payments processors are the only people who like seasonal holidays more than consumers do. That became even clearer early Wednesday when Adyen NV announced record results from the Black Friday-to-Cyber Monday shopping bonanza. The Amsterdam-based processor, which measured results in the U.S. and nine other …

Fi911, a provider of chargeback prevention and risk management, launched ResolveLab, a service it says is aimed at resellers and payment facilitators looking to block chargebacks and control risk. Okta Inc., a provider of identity technology, reported third-quarter revenue of $742 million, up 12% from the same time last year. …

While credit cards are the most common way small businesses pay for a purchase, a growing number are embracing buy now, pay later loans as a payment option. At the same time, many small businesses are opting not to pay by card in order to avoid a surcharge, finds J.D. …

Sports-and-entertainment consultancy Liberty Sports Group says it will work with Shift4 Payments Inc., enabling the point-of-sale and payments specialist to be its exclusive technology partner. In related news, SpotOn Transact LLC says Adalina Prime, a new steakhouse from the well-known Adalina restaurant in Chicago, will use its POS technology. New …

Black Friday through Cyber Monday shopping generated a 10% rise year-over-year for Block Inc.’s Square, Cash App, and Afterpay payments properties, to 124 million transactions, the company reported. Payments processor Nuvei Corp. announced it is expanding a partnership with Microsoft Corp. to enable its core payment processing APIs to run on Microsoft Axure and use Azure AI to …