Transaction Processing

Credit and debit card use is up, but cash remains in 76% of consumer wallets, finds the 2026 Diary of Consumer Payment Choice, released by Federal Reserve Financial Services. Now in its 10th year, the report found that, on average, a consumer made six monthly cash payments in 2025, down …

Competition for payments processing in the $1 trillion plus U.S. restaurant industry, already hot, reached a higher temperature Tuesday with announcements from Toast Inc. and processing giant Fiserv Inc. Toast, a 15-year-old specialist in restaurant point of sale, said it is expanding its reach in the complex pizza business with …

Circle Internet Financial announced earlier this year its moves in agentic commerce, and now the stablecoin giant says its combined venture in both AI and digital assets is gaining altitude fast. “We believe we are going through the biggest platform shift in the history of the Internet,” said Jeremy Allaire, …

Block Inc.’s Square point-of-sale unit introduced Square for Drive-Thru, developed in partnership with The Howard Company and Nanonation, the system combines order capture, kitchen operations, and customer handoff, according to Square. PayPal Holdings Inc. formed a new multiyear partnership with the National Football League’s Seattle Seahawks as a sponsor and exclusive digital ticket …

Competition among point-of-sale system providers shows no signs of weakening among two top companies. Square, the acquiring arm of Block Inc., reported a 13% increase in its payment volume for the first quarter, while competitor Toast Inc. says its gross payment volume rose 22% year-over-year. Square’s first-quarter performance comes on …

FIS Inc. is counting on its tie-in with the AI developer Anthropic to pay dividends across several fields, starting with the battle against fraud, the company said early Friday. “The first target is financial crime,” said FIS chief executive Stephanie Ferris early Friday. “The [AI] agent will reduce investigation time …

Point-of-sale system and services provider PAR Technology Corp. posted $124 million first-quarter revenue, a 19.3% increase from $103.9 million in the 2025 first quarter. Part of the increase is attributed to a 15% year-over-year increase in quarterly subscription service revenue. It had a quarterly loss of $16.2 million, narrower than the year …

A Colorado bill that would eliminate sales tax as part of the interchange fee calculation has moved to Gov. Jared Polis’s desk for review following passage Wednesday in the Colorado House. It passed a state Senate vote last week. Similar in some ways to the Illinois Interchange Fee Prohibition Act, …

Point-of-sale technology provider NCR Voyix Corp. reported March-quarter revenue dipped slightly to $606 million compared to $612 million in the year-earlier period, led by a 6% slide in restaurant revenue, to $179 million. The company narrowed its net loss to $5 million from $17 million a year ago. Point-of-sale systems provider Aptos LLC said Boot …