Transaction Processing

Processor and core banking services provider FIS Inc. is taking a step to make it easier for debit card users at banks and credit unions to understand debit card transactions on their statements. It’s a move that could reduce chargeback inquiries. Developed with Spade, a New York City-based transaction data …

Near-field communication technology that has found its way into almost every credit and debit card could also be used to enable video gamers to pay for new games and movies with a tap of the card against a Sony PlayStation controller, according to a recent patent by the electronics giant. …

Fresha, a provider of booking and payments technology for barbers and beauty-shop proprietors, said Friday its roster of barber clients has climbed 108% year-over-year, moving the company to claim number-one status among tech developers for the hair-care market. The 11-year-old, London-based company, which supports hair-care shops and companies in the …

International expansion of U.S. real-time payment services seems to be at hand as FedNow, the instant-payment service operated by the Federal Reserve, prepares to test cross-border transactions. Announced Wednesday, the test will involve a group of organizations that were not named. They will test “FedNow enhanced message formats that facilitates …

A federal court ruling issued Tuesday has re-ignited a longstanding dispute over the question whether tips and tax can be exempted from the calculation of interchange merchants pay on credit card transactions in Illinois following that state’s adoption in 2024 of the Illinois Interchange Fee Prohibition Act. The controversial act …

Scooter’s Coffee, a drive-through chain with more than 900 locations in 32 states, is using restaurant-payments specialist Olo to run its digital-ordering service, Olo announced. SumUp has launched U.S. POS Plus, a subscription-based point-of-sale technology offering for small café and restaurant businesses. Square, the merchant services arm of Block Inc., said its sellers …

Remittances across borders are a welcome but expensive cross-border payment service for many, finds a new Visa Inc. report, “Money Travels 2026.” With the U.S. alone sending $107.1 billion in outbound remittances in 2025, according to World Bank data, remittances can have a significant impact on recipients. Yet, many have …

Processor NMI said it has expanded its NMI Business Capital program, offering new term loans and starter offers that ISOs, software companies, and software-as-a-service companies can offer merchants. U.S. consumers now expect AI agents to conduct 15% of their transactions, up from 9% a year ago, while 45% of Americans have used …

With the e-commerce arena weeks away from one of its busiest times of the year, retailers and vendors are readying their checkouts. Sports apparel merchant Fanatics Inc. says Afterpay is its preferred buy now, pay later provider and Landmark Global, which helps merchants with cross-border e-commerce transactions, says its new …

ACI Worldwide Inc. early Tuesday said banks will be able to process payments via tokenized deposits as well as traditional payment methods through its move to add Swift ledger transactions to its ACI Connetic payments hub. The international payments network Swift introduced its blockchain-based ledger last year. The move comes …