Transaction Processing

Technology company Self Storage Manager Inc. announced its Dynamic IVR Payment Solution has been installed at facilities operated by The Storage Center. The technology allows customers to make credit card payments via an automated phone system via interactive voice response. The Storage Center says it manages more than 60,000 storage units at …

Point-of-sale commerce platform Lightspeed Commerce Inc. added approximately 3,200 new locations in its fiscal fourth quarter, as it marks a year into its U.S. retail and Europe hospitality focus. Montreal-based Lightspeed, which embarked on the two-pronged POS-based plan more than a year ago, says the location total was up by …

As AI makes advances in digital commerce, payments executives are beginning to raise questions about the process and its risks. For some players, the process remains at least partly opaque on such questions as what party takes responsibility when transactions go wrong. Other pending questions include whether the industry can …

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 …