Transaction Processing

Klarna Group plc, a Sweden-based buy now, pay later platform with major U.S. operations, said its initial public offering closed with 34.3 million shares outstanding at an IPO price of $40 per share. Klarna closed at $42.74 per share after the first day of trading Thursday. Alipay said its Alipay Tap! contactless-payment service …

Consumer spending is expected to remain resilient this holiday shopping season and buy now, pay later loans will play a key role in the trend, according to Cash App Afterpay’s 2025 Holiday Survey. Despite 38% of consumers in the United States saying they feel more financially stressed than in 2024, …

Mastercard Inc. and Paytently, a payments-orchestration platform, announced they have collaborated on an open-banking initiative that will leverage Mastercard systems to let consumers make payments directly from their bank accounts at checkout. In related news, Mastercard said it has worked with NCR Atleos and ITCARD to allow cash withdrawals at ATMs using a …

The Federal Reserve said Tuesday it will raise the transaction limit on FedNow transactions tenfold, to $10 million, effective in November. Launched in July 2023, FedNow is a real-time payments system linking more than 1,400 U.S. financial institutions. The move will have come nine months after the rival Real Time …

Financial-services organizations have long held a sobering view of the cost of scams and fraud. Now, the cost of these crimes and misdeeds has reached an average of $5.75 per every $1 of fraud loss, finds the latest edition of the 2025 True Cost of Fraud Study for North America …

Global Payments Inc. announced it has launched its Genius processing platform in the United Kingdom, starting with quick-service and fast-casual restaurants. Genius for restaurants, which launched in May, and Genius for Retail consolidate 16 point-of-sale products into a platform that is marketed internationally. Mastercard Inc. announced it is working with Stripe, Google, and …

Some 76% of consumers in the United States have taken out buy now, pay later loans, but 49% have missed a payment, while 67% of BNPL users are paying on multiple BNPL loans at once. That’ all according to a recent study from LegalShield. The trend comes at a time …

For years, critics and evangelists alike have obsessed over crypto’s headlines, its volatility, its philosophy, its personalities. But the GENIUS Act, recently passed in the United States, points to a new phase: a regulated, institutionalized, quietly ubiquitous crypto economy, one that doesn’t shout from the rooftops but works silently in …

Restaurant payments-technology developer PAR Technology Corp. launched PAR AI as part of its product line, along with Coach AI, intended to be intelligent assistants in restaurant operations. Point-of-sale terminal maker Verifone Inc. is working with Futurex L.P., a developer of data-encryption technology, to enable remote key injection through the Futurex CryptoHub platform, Futurex said. …

Paytrie AB Inc., a platform for buying and selling stablecoins, is joining the Circle Payments Network in what it says is an effort to expand the reach of stablecoins to consumers in Canada. The deal, which builds on Paytrie’s support for USD Coin, a stablecoin pegged to the United States …