Transaction Processing

The summer travel season has arrived, promising big volume uplifts for payments processors. But wonky payments, checkout letdowns, and fraud fears could lead to less volume than travel companies expect, according to a pair of travel reports released Tuesday. So far, demand looks strong. Some 91% of consumers are planning …

Payments platform Repay Holdings Corp. reported it has received a revised, unsolicited and non-binding offer from Forager Capital Management LLC to acquire the company’s outstanding shares at $5.25 per share, in cash. Repay says its board is reviewing the offer. The proposal follows an offer in April from Forager at $4.80 per …

Contractors enrolled in the Sherwin-Williams Pro+ service now have access to Square’s business management, invoicing, and payment-acceptance services via the Sherwin-Williams Digital Alliance Program. This program offers professional painters, contractors, and designers in the Pro+ service access to a variety of business tools. Square is the latest addition. Others include …

No sooner has agentic commerce entered the domain of digital payments than questions have sprung up regarding issues of trust and identity. The trust issue in particular came to the fore early Monday with survey results indicating that just 19% of adult consumers in the U.K. trust that AI agents …

The growing prominence of agentic commerce has raised questions about the potential for fraud in these transactions, and in particular the problem of verifying who is behind the agents. Now, technology is emerging to address that question. In one example, Boston-based Notarize Inc., which does business as Proof, introduced on …

Square, the point-of-sale and acquiring arm of Block Inc., is ready for a sweet treat with Ladurée Canada’s decision to use Square for all of its POS operations at each of its Canadian locations. The pastry shop had been using a different system for its retail locations than for its …

Bluefin Payment Systems Inc. said Wednesday it is working with the point-of-sale technology company Landi Global to launch security gear that communicates directly with processors. With the new design, other participants in a transaction—including merchants, gateways, and independent software vendors—will not be required to rework their payment flows, the companies …

Payment card issuer CPI Card Group Inc. said it has acquired instant-issuance technology from HID Global Corp. The all-cash deal closed June 23, CPI said, though price and other terms were not announced. Affirm Holdings Inc. said retailer Backcountry will add Affirm as a payment method on Backcountry.com and its other sites. Mastercard …

Landing the top-of-wallet spot remains a coveted and enviable location for card issuers, and its online counterpart—card-on-file—is no less sought after. That’s what processor and banking services provider Fiserv Inc. is working on with Strivve Inc. to help issuers get more of their cards stored as card-on-file. Announced Wednesday, the …