Transaction Processing

A blockchain ledger developed by the financial-messaging platform Swift debuted with an announcement early Thursday by the Brussels-based network. Declaring the system “ready for initial use,” Swift said the technology will enable cross-border payments at all times of day or night using tokenized deposits, or digital equivalents of fiat currency. …

Organic Payment Gateways unveiled a dedicated payment-processing platform aimed at serving legal, U.S.-based ketamine clinics. There are an estimated 1,500 to 2,500 ketamine clinics in the U.S. Automobile brand Mazda said it is making the payments and operations platform UpdatePromise available to its dealers. Most recently, UpdatePromise in February began supporting PayPal and Venmo. Visa …

As small businesses increasingly look for faster payment capabilities, banks are starting to see a potentially profitable market. The latest offering emerged early Wednesday with U.S. Bank’s unveiling of Enhanced Payments, a bundled offering accessible online and through the bank’s mobile app. The new platform, open to entities with a …

The economics of proprietary debit networks appears to be asserting itself as a consortium of big banks is reportedly looking to acquire a debit card system from Fiserv Inc. The banking group, which includes JPMorgan Chase, Bank of America, Wells Fargo, and PNC Financial Services Group, has had “tentative discussions” …

The buy now, pay later specialist Klarna AB said early Monday it has submitted applications with U.S. regulators to start an industrial bank called Klarna Bank USA. The company’s applications, filed with the Federal Deposit Insurance Corp. as well as the Utah Department of Financial Institutions, follow its move toward banking in …

Three years since FedNow’s launch, the real-time payment network from the Federal Reserve says the number of banks and credit unions enrolled in it now tops 1,800. That’s 200 more than in January, when it counted more than 1,600 participating financial institutions. That tally includes seven of the 10 largest …

Square, the point-of-sale unit of the payments provider Block Inc., said early Wednesday it is plunging head-first into AI in an effort to build business for its client merchants. The company said it has adopted an app for OpenAI Group’s ChatGPT and a plugin for Anthropic’s Claude technology to help …

Klarna AB said its PriceRunner price-comparison service has won $1.97 billion in damages in its case against Google. PriceRunner had accused the online search giant of exercising preferential treatment for its own comparison shopping platform, causing lost revenue for PriceRunner. Klarna acquired PriceRunner in 2022 for $124.36 million. Bed Bath & Beyond Inc. …

Visa Inc. has taken steps to make smart phones a more readily available way for merchants, especially micro-size ones, to digitally accept payments with updates to Visa Pay, Visa Accept, and Visa Direct. With Visa Accept, announced in April 2025, Visa makes it easier for these small sellers to get …