Transaction Processing

More than a year after Visa Inc. launched the Visa Acquirer Monitoring Program, acquirers and their vendors are adapting to the new way of keeping tabs on fraud and chargeback levels. Known as VAMP, the program, according to Visa, consolidated five fraud and dispute programs and reduced 38 distinct remediation processes …

Payments executives who may be hoping that a court ruling Tuesday will put an end to years of bitter wrangling over card-acceptance costs are likely to be disappointed, experts tell Digital Transactions News. “This does not end the argument. It just stifles it,” says Cliff Gray, principal at Gray Consulting …

For the better part of two decades, I’ve watched the payments industry evolve from a straightforward utility into a labyrinth of technical complexity. Merchant fee structures today are no longer just the cost of doing business. They are a volatile variable that can quietly erode a company’s bottom line. As …

Mastercard announced Agent Pay for Machines, a system for the initiation, orchestration, and settlement of payments conducted at high speed between AI agents. The network is collaborating with more than 30 companies on the initiative, including Adyen, Global Payments, Stripe, and BVNK, a stablecoin platform it has agreed to acquire for $1.8 …

The payments platform Klarna AB may be a leading provider of buy now, pay later lending, but it is seeing increasing opportunity in other banking services. Early Tuesday, it launched savings accounts in the U.S. market. In its announcement, the company calls the move “a natural next step” following its …

Fraud-prevention specialist Feedzai announced Feedzai IQ Score, an AI-native scoring service to measure fraud risk for banks. Braid FI, which develops payments technologies for banks, announced an agreement with Koard, a specialist in in-person payments, to help financial institutions offer tap-to-pay capability on mobile phones. Xplor Pay, an embedded-payments technology provider, has …

A perpetual bane of payments, chargebacks create issues for merchants and their payment providers. Now, Findustry AI Inc. hopes its new artificial intelligence-enabled Chargeback Agent product will help ease the work of complying with card-brand dispute processes. Led by Jonathan Razi, who sold CardX, a surcharging-services provider, to Stax in 2021, …

The banking and cross-border payments provider Nuvion announced it has joined Circle Payments Network, a platform that enables cross-border payments that use stablecoins. A technology firm called CueCue has introduced its Web Card, an AI-based, interactive Web page that lets visitors to the site book and pay for skills for services offered by other …

The point-of-sale technology platform Valor PayTech announced early Friday an agreement with LANDI Global to represent LANDI’s line of point-of-sale devices in the U.S. market. The move is expected to lay the foundation for what Valor PayTech calls a “deeper product collaboration.” To start, Jericho, N.Y.-based Valor PayTech says it …

Imagine waving a wand and making something appear in your hands. While it’s not magic, the Cash App Wand could make that happen. Announced Thursday, Cash App Wand is the first in a series of Cash App Tags, which are NFC-enabled, physical payment accessories that let consumers pay without having …