Transaction Processing

As the number of U.S. consumers who have heard nothing at all about artificial intelligence continues to drop, organizations are preparing for the expected infusion of AI into everyday life. Payments companies are no exception. American Express Co. is releasing a software-development kit called Agentic Commerce Experiences to help consumers …

SpotOn Transact LLC, a specialist in hospitality payments, launched a service called Rapid Fund, which makes card deposits available within 30 minutes of batching out. It is also taking on a partnership with embedded-finance platform Parafin to operate SpotOn Capital. Both efforts are intended to aid restaurants looking to manage …

SoFi Bank N.A. has enlisted Galileo Financial Technologies LLC to offer real-time send and receive capabilities every day, including weekends and holidays, through FedNow. As a result, SoFi customers will be able to move money between their accounts at different banks in seconds, instead of waiting for ACH transfers to …

Already known for its payment-processing services to merchants, Payroc LLC has added Jeanne D’Arc Credit Union, with its more than 100,000 members, as a payment-processing client. Announced Monday, the partnership sees Tinley Park, Ill.-based Payroc serving the credit union’s business clients with point-of-sale systems, online payments, electronic invoicing, and other …

A partnership between Visa Inc. and insurance-technology firm Neat will allow cardholders in Europe to use new insurance services, including digital claims processing. Repay Holdings Corp. released a statement defending its $372-million deal to acquire Kubra Data Transfer Ltd., announced March 31. The statement responds to objections from Repay investor Veradace Partners, which …

Square, Block Inc.’s point-of-sale payments unit, continues to focus on growing its POS business in the wake of its decision earlier this year to reduce its workforce by more than 40%. The latest deal is an expansion of an existing relationship with Birch Coffee, a New York City-based coffee chain. …

Two venues at Resorts World Las Vegas will adopt point-of-sale technology from Ordr Technologies. Salt Lake City, Utah-based Ordr says the Zouk Nightclub and Ayu Dayclub venues at the Resorts World property will take advantage of Ordr’s artificial intelligence-capable POS system to unify all elements of the transaction, including the …

Intuit Inc. is among the latest corporations to receive FedNow certification, a necessary step to begin offering real-time payments to its clients via the Federal Reserve’s system. Announced Thursday, the certification means Intuit, owner of business-accounting program QuickBooks and other financial-technology services, will be able to partner with financial institutions …