Transaction Processing

Alacriti, a provider of cloud-native payment and money-movement services, has integrated Visa Direct into its Orbipay Payments Hub. The integration will enable financial institutions in North America to provide card-based real-time payments, even if they do not have a connection to a real-time payments hub, such as the RTP network …

Early Warning Services LLC announced early Friday its Zelle payments network will expand internationally by using stablecoins for cross-border transactions.  Many details of the new initiative, such as expected volumes and fees, were not immediately available, but the move is aimed at offering faster international payments capability “to Zelle customers …

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 …