Transaction Processing

Attorneys for plaintiffs and defendants in the lawsuit challenging the Illinois Interchange Fee Prohibition Act presented oral arguments Wednesday on plaintiff’s motion for Summary Judgment in the case. Attorneys for the plaintiffs argued that the preliminary injunction against the IFPA be broadened so that all financial institutions are exempt from …

Buy now, pay later providers continue to make inroads in payments, with Splitit Payments Ltd. integrating a service to make it easier for banks to offer their customers installment plans at checkout. Meanwhile, Affirm Holdings Inc. expanded how it works with processor Worldpay LLC by integrating its BNPL service into …

CardFlight Inc. announced Tap to Pay on iPhone is now available to client merchants using Worldpay for processing. Rokt Corp., an e-commerce marketing-technology company, said PayPal Holdings Inc. has started to use its services to support advertisements that appear on “thank you” pages following peer-to-peer payments. PayNearMe Inc. said it has rolled …

Payments-technology provider Finzly announced early Wednesday its launch of technology that allows financial institutions to create AI agents to automate payment processing and operational workflows, and make informed decisions on the bank’s behalf in seconds. The launch, what Finzly calls Agentic Galaxy, comes at a time when financial institutions are …

Shift4 Payments Inc. announced late afternoon Tuesday it is negotiating details with Worldline S.A. to acquire the big French processor’s acquiring assets in the United States and Canada. The negotiations, which Shift4 says are exclusive of other parties, would result in the big U.S. processor picking up Bambora Inc., Bambora …

The average payout for a ransomware attack has increased despite a drop in the number of times an organization is attacked annually, a study by cybersecurity firm ExtraHop Networks Inc. finds. The average payout per attack the past year was $3.6 million, up from $2.5 million. The number of ransomware …

Flexa Network Inc., a payments provider based on digital currencies, has agreed to support in-store cryptocurrency acceptance at Bealls Inc., operator of more than 660 stores in 22 states under Bealls and other brand names. The move, announced Monday afternoon, represents one of the largest planned deployments of in-store crypto …

Buy now, pay later specialist Affirm Holdings Inc. expanded its partnership with retailer Wayfair Inc. to include in-store transactions. Wayfair initially adopted Affirm in 2016 for online checkout. First Internet Bank adopted Zelle, a peer-to-peer payment service, for its business customers. Payment orchestration platform Gr4vy Inc. completed an integration with the new Mastercard Merchant Cloud, a payments platform …

Global Payments Inc. has expanded its reach into the highly competitive world of payment processing for sports teams and entertainment venues through a deal with sports and venue-management company Harris Blitzer Sports & Entertainment LLC. Global Payments will be the official payment technology provider for the Prudential Center, as well …

Already known for online payments, PayPal Holdings Inc. is prepping another online-acceptance service, this one for merchants using the BigCommerce e-commerce platform. Announced Monday, the new service will be embedded into the BigCommerce platform under the BigCommerce Payments moniker. It is expected to launch in the United States in 2026, …