Transaction Processing

[Aug. 8] Separate efforts by Par Technology Corp. and SoundHound AI Inc. to boost their wins, especially among restaurant clients, appear to be paying off, if their latest earnings are indicators. ParTech, based in New Hartford, N.Y., is coming off its $132-million acquisition in January of Delaget LLC, a platform …

[Aug. 8] With merchants prevailing in their long-running legal battle to overturn debit rate caps set by the Federal Reserve, the largest debit card issuers could wind up the biggest losers, while Capital One Financial Corp. emerges as the big winner. U.S. District Court for the District of North Dakota …

[Aug. 13] Six months after issuing an API code to enable surcharging for online transactions, Chicago-based Yeeld released YeeldPay, its surcharging program for merchants. Yeeld says YeeldPay is a no-code payment page that provides merchants across the United States with a compliant surcharging program that, because it uses the Yeeld Surcharging …

In an effort to appeal to travelers from abroad, China’s dominant UnionPay payments card network announced early Wednesday a new platform designed to simplify everyday transactions for international visitors. Dubbed Nihao China, the new app offers a range of capabilities, including cross-border and person-to-person payments, according to 23-year-old UnionPay, which …

FICO’s latest scoring models now factor in buy now, pay later repayment data, a milestone many hoped would bring these plans into the mainstream credit system, giving lenders more visibility into consumers’ total debt and payment behavior.  However, despite billions flowing through installment-payment platforms, lenders still can’t see the full credit picture. …

Holiday spending in Canada over the seven-week period starting Nov. 1 rose 4.4% compared to the same period last year, according to a report from Visa Consulting & Analytics. Some 88% of the spending occurred in-store, with the remainder spent online. Payments provider Klarna AB said U.S. spending on its platform on entertainment, …

In-store and online retail sales in the U.S. market grew 3.9% from Nov. 1 through Dec. 21 compared to last year, according to Mastercard Inc.’s SpendingPulse report, which excludes automotive sales. The result, which is not adjusted for inflation, represents all payment types… …while preliminary data in a separate report from Visa Inc. indicate …

Fiserv Inc. looked to position itself at the forefront of agentic commerce early Monday with the adoption of protocols from Visa Inc. and Mastercard Inc.  Fiserv will deploy Visa’s Trusted Agent Protocol across its payments system to authenticate, retrieve, accept, and process agentic transactions. Visa’s Trusted Agent Protocol identifies trusted …

The speed and apparent lower cost of stablecoins—coupled with the digital currency’s rising prominence as a payments method—has captured the imagination of payments companies. Now some are leveraging the coins for both internal and merchant funding. Shift4 Payments Inc. said early Monday it has launched a facility for stablecoin settlement …