Transaction Processing

Payment card issuer CPI Card Group Inc. said it has acquired instant-issuance technology from HID Global Corp. The all-cash deal closed June 23, CPI said, though price and other terms were not announced. Affirm Holdings Inc. said retailer Backcountry will add Affirm as a payment method on Backcountry.com and its other sites. Mastercard …

Landing the top-of-wallet spot remains a coveted and enviable location for card issuers, and its online counterpart—card-on-file—is no less sought after. That’s what processor and banking services provider Fiserv Inc. is working on with Strivve Inc. to help issuers get more of their cards stored as card-on-file. Announced Wednesday, the …

The American Arbitration Association, working with Integra Ledger and other companies, announced the launch of the Legal Context Protocol for agentic commerce. The participants say the protocol constitutes an open standard for legal terms, consent, and dispute resolution for transactions performed by AI agents on behalf of people and organizations. Fraud prevention …

The idea of using AI agents to shop online on the consumer’s behalf intrigues payments providers and consumers alike, but the full rollout of this technology is going to depend on how much buyers and processors can trust the technology, according to survey results released early Tuesday. That need for …

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 …