Transaction Processing

Square, the point-of-sale arm of Block Inc., is adding restaurant chain The Hat to its customer list. In related news, 88% of convenience store operators and fuel retailers surveyed by Vontier Corp. report they have experienced a payment outage at least once in the prior 12 months. The Hat, with …

Point-of-sale credit providers are looking for an edge as competition in the buy now, pay later business grows hotter by the week. Klarna AB early Wednesday said it has launched its Klarna Shopping Search app.  The app uses ChatGPT, an AI platform, to assist shoppers in finding current prices, availability, …

Just as legitimate transactions are a certainty in payments, so too, are fraud and scams. That doesn’t mean payments companies and their vendors need to just accept that. Now, Mastercard Inc. says it is countering fraud and scams with a new service, Mastercard Merchant Trust Services, to help clients identify …

Network Merchants Inc. said Tuesday it has acquired Dwolla Inc., a payments-acceptance technology provider with experience in real-time payments, open banking, and account-to-account technology and serving more than 400 clients. The combination creates a company processing nearly $700 billion in transaction volume annually, the parties say, a move that is …

Payroc LLC launched Integration Essentials, a service to help software platforms more quickly embed Payroc’s payments services into their platform. It includes prebuilt services such as hosted payment pages, payment links, and Payroc Cloud for in-person acceptance. French processor Worldline has agreed to acquire transactions for the buy now, pay later …

It was probably only a matter of time before agentic commerce embraced cryptocurrency. Technology platform Worldwide Stablecoin Payment Network early Friday announced W Agent, which the Singapore-based company calls a “new AI Agent skill.” That means the agents can find merchants, enter orders, and transact in stablecoins “end-to-end,” as the …

RTP, the real-time payments network operated by The Clearing House Payments Co. LLC, set another record volume day with 2.27 million transactions processed valued at $8.62 billion on May 1. Its most recent prior record day was Feb. 13 when it processed 2.05 million real-time transactions. The Clearing House attributes …

Fiserv Inc. said it will work with OpenAI to offer AI technology to financial institutions. The effort in its opening stages includes functions such as building agents on agentOS and offering cybersecurity technology keyed to AI. Fiserv says the scope of the project is expected to expand as the effort unfolds. …

With the Senate Banking Committee scheduled to take a vote Thursday on whether crucial stablecoin legislation should advance to the full Senate floor, the time for debating the bill’s pros and cons is drawing to a close. The 309-page Digital Asset Market Clarity Act, which would set rules for digital …

The processor Paysafe Ltd. early Wednesday reported it processed $43.9 billion in volume in the March quarter, a 10% improvement over the same period last year, with 19% growth in the company’s digital-wallet segment outpacing the much larger merchant-solutions unit, which posted an 8% jump, to $37.2 billion. Paysafe has …