Transaction Processing

Consumers are putting artificial-intelligence tools to work when making return claims for items they’ve purchased. Fifty percent are using services such as ChatGPT and Claude to help draft return or refund claims, finds the “Rewriting Rules on Return” report released by Riskified, a fraud-prevention services provider. That results in many …

The cross-border payments startup Nuvion said early Monday it will work with Visa Direct, a faster-payments network, to enable businesses to send real-time payouts globally. The service is aimed at smoothing faster payments to a host of everyday recipients, including suppliers, contractors, and customers, Nuvion says. Founded only in 2024, …

Rent, the 12-times-a-year installment payment many consumers make, could benefit from splitting further into two payments a month, suggests a study released by Flexible Finance Inc., also known as Flex. New York City-based Flex commissioned the study, which was completed by San Francisco-based research firm MetroSight. Flex enables tenants to …

Celero Commerce, an active buyer of other payments companies across its relatively brief time in the transaction-processing business, is itself the target of an acquisition in a $625-million deal announced early Thursday. The buyer is Deluxe Corp., which sees the acquisition bulking up its position in providing payments and data …

Card programs for specialized payments often get lost in the shuffle, but a pair of developments this week indicate the market for card-driven payments remains vibrant in the age of cardless digital transactions. This is especially the case lately with respect to markets like dealerships and housing. Brex LLC, a …

As e-commerce volumes climb, Early Warning Services LLC has been pushing its Paze online checkout service in a national campaign that started earlier this month. The latest chapter in that effort arrived early Tuesday with the news that Paze will award a $10 statement credit to users who use the …

Nuvei Corp. appears ready to escalate its cross-border payments prowess with a $2.75 billion acquisition of Payoneer Inc., known for its cross-border capability. In related news, American Express Co. wants to acquire TheFork, an online restaurant reservation and management platform in Europe. Montreal-based Nuvei says the deal will help it …

Michael Lyons, chief executive of Fiserv Inc. since May last year, is leaving the big processor to take on the role of chief executive at Truist Financial Corp. Fiserv announced co-president Takis Georgakopoulos has succeeded Lyons as CEO and member of the board of directors, effective immediately. That appointment is expected …

The Knot Worldwide, a marketplace for wedding technology, said it added Venmo as a payment option on its Wedding Registry, allowing users to send money as gifts via bank account, debit card, or Venmo balance. Venmo is a unit of PayPal Holdings Inc. Glia, an AI provider for banks, unveiled Glia AI Outreach, a …