Transaction Processing

Money-transfer provider The Western Union Co. is facing what it calls “headwinds” in its Americas consumer retail business, but the company is looking for growth in its new stablecoin and other digital operations. Total first-quarter revenue of $983 million was flat compared with a year earlier, Denver-based Western Union reported …

FedNow, the real-time payment service offered by the Federal Reserve, will make what it calls a network intelligence API available beginning April 28. The API means FedNow users, be they banks, credit unions, or service providers, will be able to access receiver account-level data seen over the instant payment network. …

Zelle, the peer-to-peer payment service launched in 2017, is testing a potential new use case with the announcement of a bill-payment pilot with Truist Financial Corp. The pilot will look at how consumers could use Zelle to pay recurring credit card bills, with the potential for other bill payments, such …

The top brass at American Express Co. indicated early Thursday it’s been spending a good deal of time thinking about the implications of AI and agentic commerce, the shop-and-spend utility enabled by AI. Overall, the company’s conclusion is the technology will spur a boom not only for AmEx but for …

Citing network complexity, ACI Worldwide Inc. said its ACI Connetic, a single platform connecting to multiple major payments systems, now offers access to Fedwire, CHIPS, Swift, The Clearing House RTP, Zelle, and FedNow. A link to Nacha ACH is expected to go live next year. The service will also support stablecoin …

Nuvei Corp. is making its next move in Mexico with the launch of direct acquiring. This will enable businesses to process card transactions locally through Nuvei’s own licensed infrastructures, Montreal-based Nuvei says. The move enables Nuvei to operate directly inside domestic payment systems in Mexico, which should help merchants improve …

Block Inc. said it will work with Uber Technologies Inc. to extend Square’s existing Uber Eats integration to worldwide markets and offer Cash App Pay within Uber and Uber Eats in the U.S. market. Paysafe Ltd. launched its PaysafeWallet, which features a debit card as well as a personal payment account supporting …

AI seems to be everywhere these days, and now it’s penetrating the cannabis business as POSaBIT Systems Corp., known for its point-of-sale technology for dispensaries, moves into software for cannabis producers. And, in another point-of-sale development, New York City-based POS tech producer Vibe Retail announced a partnership with the ISO …

TechCreate Group Ltd., a Singapore-based payments-software provider and consultancy, is partnering with quantum cybersecurity-solutions firm pQCee Pte Ltd to incorporate the National Institute of Standards and Technology post-quantum cryptography algorithms in its QR Hybrid point-of-sale terminals. A QR hybrid POS device adds QR code scanning for digital wallets, mobile apps, …