Transaction Processing

Consumers and merchants may stand to benefit in many ways from agentic commerce and artificial intelligence, but fraudsters may also see what they consider plusses of the data-centric technology, with Juniper Research forecasting global fraudulent transactions in digital banking and money transfer surpassing 2.2 billion by 2031, influenced by the …

An investor group led by Priority Technology Holdings Inc. chairman and chief executive Thomas Priore will take the processor private in a deal valued at $1.6 billion, or $8.05 per share in cash, Priority announced early Monday. The company’s closing share price on Friday was $5.83. The agreement follows a …

Caution among consumers when it comes to spending has led more than half of them to favor debit cards for purchases by a wide margin over credit cards, while a significant percentage want control over when their bills are paid, according to the latest ACI Speedpay Pulse Report from the …

Bottomline Technologies Inc. early Thursday unveiled Global Pay Connect, a platform aimed at easing real-time payments adoption for banks through APIs. The move comes as the company’s research indicates 40% of chief financial officers at banks name outdated technology as the biggest obstacle to real-time payment adoption. “Financial institutions are …

Digital-payments platform Input 1 will work with OneShield, a technology provider for the insurance industry, to allow insurance companies to use Input 1 as an integrated service with OneShield. Guesty, a management platform for short-term rentals, announced it has closed on its acquisition of Smily, a developer of property-management technology. Both systems …

American Water, said to be the largest regulated water and wastewater utility in the U.S., has adopted VXconnect from software developer VertexOne. VXconnect offers a mobile app by which customers can manage payments. Toast announced it has signed Kung Fu Tea for point-of-sale payments processing and related technology. Kung Fu Tea operates 330 …

Convenience-store chain Kwik Fill, with more than 300 locations in New York, Pennsylvania, and Ohio, will use PAR Technology Corp.’s PAR Retail service for payments, loyalty, and a mobile app. In related news, Transaction Network Services Inc., or TNS, says a new partnership with Unattended Card Payments will boost its …

Instant payments platform Pidgin said it is working with Millennium Corporate Credit Union, which provides services to other credit unions, to enable nearly 300 credit unions working with Millennium to use instant payments services, such as FedNow, RTP, and stablecoin access. Bread Financial announced a long-term renewal of its credit card program with …