The Federal Reserve said the number of participating organizations in FedNow, its real-time payments service, recently surpassed 1,500. Euronet Worldwide Inc. said it will use the digital asset technology from Fireblocks to integrate stablecoin technology into its global payments infrastructure. Point-of-sale technology developer PAX Technology Inc., based in China but a prominent supplier in …
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Universal Air Travel Plan Inc. (UATP) early Thursday announced it has partnered with Burbank, a United Kingdom-based fintech, to deploy an app that enables mobile devices to act as a POS terminal to process card-present transactions over the Internet. The app is embedded in the merchant’s mobile app, which …
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Faster payments on the automated clearing house network and on real-time payments systems are gaining momentum, according to statistics released Thursday by Nacha, the standards body for the automated clearing house system, and by the Real Time Payments network, operated by 22 of the world’s biggest banks. The total value …
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SpotOn Transact LLC has integrated Visa Direct, a faster-payments service, into its DayCheck earned-tip payment app. The integration will allow restaurant owners to simplify tip payouts and enable restaurant employees to move tips directly to their bank accounts. San Francisco-based SpotOn says restaurant operaters are squeezed by working capital challenges …
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The artificial-intelligence boom in payments is rushing on, with two major players going further along the AI commerce road. Mastercard Inc., having announced Mastercard Agent Pay earlier this year, has launched its Agent Pay Acceptance Framework. This service begins with registering and verifying AI agents before they are allowed to …
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E-commerce specialist Global-e said Shop Pay’s one-click checkout is now available for its merchants using the Shopify platform. C-store chain Circle K has partnered with Car IQ, a vehicle-based payments platform, to launch Circle K Pro Digital +, a U.S.-based payments service for fuel, tolls, and other vehicle-related payments. Payroc announced it has enabled …
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Visa Inc. entered the agentic-commerce fray early Tuesday with the launch of Trusted Agent, a protocol developed in collaboration with cloud-computing connectivity provider Cloudflare Inc. The protocol is part of an overall strategy to make agent-initiated transactions as seamless and secure “as any consumer-initiated transaction today,” the card network tells …
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Nacha members have approved five rule changes meant to boost the use and efficiency of international automated clearing house transactions. International ACH transactions totaled $270.96 billion in value in 2024 on 120.99 million payments, Nacha says. Announced Tuesday, the changes address clearing up what is an international automated clearing house …
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Mastercard Inc. unveiled Merchant Cloud, a payments platform aimed at easing the way for businesses to conduct commerce globally while entering new markets and adopting new end-user technologies. Block Inc. said it will work with food-delivery service Grubhub to overhaul restaurants’ ordering systems by integrating with Square’s point-of-sale platform and adding Cash …
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Verifone Inc. early Monday launched Commander Fleet, a payment and site-management system that enables fuel and convenience retailers to accept WEX and other leading commercial fleet cards through a single POS integration. The system is expected to roll out across North America. Providing fuel and convenience retailers with a single …
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