Transaction Processing

In a move that could weave cryptocurrency more deeply into the fabric of the U.S. payments industry, Circle Internet Group Inc. announced late Monday it has applied to the Office of the Comptroller of the Currency to form a national trust bank. The application, which seeks to establish what Circle …

A ruling in the United Kingdom could imperil the validity of multilateral interchange fees in the United Kingdom and Ireland assessed by Mastercard Inc. and Visa Inc. A U.K. tribunal Friday ruled the fees infringe on competition law. The Competition Appeal Tribunal ruled the fees infringe on prohibitions to restrict, …

Klarna AB said an exclusive agreement with checkout and payments provider Bolt Financial Inc. will allow Klarna to integrate its payment options with Bolt’s CheckoutOS. The move is expected to allow merchants to offer Klarna’s payment options directly at checkout. Bolt says more than 80 million consumers use its one-click checkout …

Digital-publishing and -services provider Adobe Inc. this week announced two additions to its Adobe Commerce e-commerce package, including a new cloud-based service. And Bolt Financial Inc. unveiled its Bolt Connect service, which the company says will help online marketplaces onboard merchants faster and streamline operations. San Jose, Calif.-based Adobe introduced …

Skyfire, a provider of payment and identity technology for AI agents, has launched AI Agent Checkout, technology said to be programmed specifically for transactions conducted via AI agents. Payments-software developer Weave Communications Inc. has appointed Adrian McDermott to its board of directors. McDermott is chief technology officer at ZenDesk.

It’s not a secret how cloud-based connectivity has changed payments, and now a quantifiable 78% of all point-of-sale product providers have at least one cloud-based POS product, finds the 2025 Directory of POS providers from TSG, an Omaha, Neb.-based payments advisory firm. The directory, which catalogs more than 5,500 data …

PayPal Holdings Inc. will process payments from universities to student athletes under multi-year deals the payments company announced early Thursday. PayPal’s agreements with the Big 10 and Big 12 college conferences follows a court ruling June 6 that permits colleges and universities to include student athletes in a revenue share. …

Building on its three-year partnership with the big entertainment promoter Live Nation in Canada, Block Inc.’s Square unit said Wednesday it will roll out point-of-sale payments at the new Rogers Stadium in Toronto, starting June 29. Rogers Stadium stands to become a major new seasonal transaction source for Square, which …

Xero Ltd., an accounting and payments firm, announced it will acquire the payments platform Melio Inc. for $2.5 billion upfront, with another $500 million in payments tied to performance targets. The commerce platform NuOrder by Lightspeed launched Order Trends, a compilation of statistics aimed at informing merchants’ buying decisions. Canada-based fintech Nuvei Corp. said …

Stablecoins are the talk of the payments town, and some observers are questioning whether these new digital alternatives could undercut the core network businesses of Mastercard and Visa. Now, Mastercard Inc. has announced several initiatives it says will keep it in the thick of the growing stablecoin market. In a …