Transaction Processing

Jack Henry & Associates Inc. and Early Warning Services LLC, the Zelle operator, announced a rebate program through June 2022 for minority-owned depository institutions that enable Zelle via Jack Henry’s JHA PayCenter, its faster payments hub.Prepaid Technologies Co. Inc. said it raised $96 million in its latest funding round that it will use …

ACI Worldwide Inc. added to its growing list of buy now, pay later partners on Monday, announcing a deal with Affirm Inc. Merchants using the processor’s ACI Secure eCommerce solution can offer consumers the ability to make purchases with Affirm and split the cost of the purchase into biweekly or …

The rising prominence of open banking, particularly in Europe and the United States, poses a “growing threat to the dominance of cards within e-commerce,” says a report released early Monday by the United Kingdom-based firm Juniper Research. The report comes against a backdrop in which e-commerce transactions are growing fast …

Apple Inc. filed an objection to a September U.S. District Court ruling that it says hinders the computing giant’s ability to restrict developers on its App Store to Apple’s own payment system. The ruling upheld Apple’s requirement that developers use its payment system within the App Store but said Apple must allow references to …

Companies offering payment solutions generally face an important decision in their early days: settling on the right operating model. Should we function as a payment facilitator (payfac) and do everything ourselves? Should we register as an acquirer, ISO, or third-party processor? Should we handle risk and underwriting? How should we …

Amazon.com Inc. said its Amazon One technology, which scans customers’ palms to process payments, is now available at more than 70 Amazon physical stores, Whole Foods stores, and third-party locations.Merchant acquirer Shift4 Payments Inc. released a business update indicating its volume for October was 80% higher than the same month in 2020, with the number …

Mastercard reported a strong third quarter on Thursday as it builds out the foundations for a near-term future in which it sees itself playing a central role in new transaction flows involving account-to-account (A2A) transfers and digital-currency payments. Mastercard has been laying the groundwork for A2A business for at least …

American Express Co. launched a fully digital business checking account for U.S. small and mid-sized businesses that includes the first-ever AmEx-issued debit card. The account also connects with existing AmEx credit cards.FIS Inc.’s Worldpay merchant-acquiring unit will provide payment services to Major League Baseball’s Washington Nationals under a new agreement. The pact includes …

The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …

Microsoft Corp. will significantly expand its processing arrangement with the big Worldpay unit of FIS Inc. to include the Americas, Europe, and Asia-Pacific under a new agreement announced Tuesday. The agreement will support credit and debit card transactions Microsoft receives on online properties, including Xbox, Microsoft Advertising, and Microsoft Azure, …