Transaction Processing

After more than 19 weeks of strategic review, Lightspeed Commerce Inc. said Thursday it will remain a publicly traded company. That will mean a renewed emphasis on retail, too, it said. Montreal-based Lightspeed announced the review in September, having brought back founder Dax Dasilva as chief executive a year ago, …

Trustly, an open-banking specialist, will work with payments specialist Spreedly to offer pay-by-bank services to merchants. ACI Worldwide Inc. will work with Banfico, a provider of technology for open banking and regulatory compliance, to help banks and payment service providers in Europe comply with confirmation of payee and verification of payee …

President Donald Trump may have tapped Frank Bisignano to run the Social Security Administration, but for the time being he remains very much in charge of the big processor Fiserv Inc. Early on Wednesday, he reported a robust 2024 in which the company recorded 16% growth in organic revenue—growth apart …

A new report from Nvidia Corp. sheds some light on how quickly and broadly the financial-services industry has picked up on using artificial intelligence tools for the customer experience and in the back office. In its latest “State of AI in Financial Services” report, Nvidia found that 60% of more …

Thanks to criminals’ increasing adoption of artificial intelligence, cyberfraud rose 14% in 2024, according to a report from Trustpair, a provider of fraud-prevention technology. Overall, 90% of U.S. companies were targeted by cyber fraud the past year, compared to 79% in 2023. The increase is being driven by criminals’ use …

PayPal Holdings Inc. reported encouraging growth early Tuesday but left some analysts questioning how long that expansion can continue as the company concentrates on its branded growth initiatives. “Branded checkout is our number-one priority,” chief executive Alex Chriss told equity analysts on a call to discuss the company’s fourth-quarter earnings. “We’re …

Leveraging tie-ins with sister companies to facilitate payments and converting fiat currency to cryptocurrency are some of the possibilities that lay ahead for XMoney, the digital wallet from social-media platform X, in the wake of its partnership with Visa Inc. Enabling Tesla charging stations to accept the wallet is an …

Payment processor Moov Financial Inc. will process payments for a particularly high-profile enterprise, the Truth Social platform and Truth+ video streaming service, both owned by President Trump’s Trump Media and Technology Group Corp. Announced Monday, the deal includes credit card, debit card, and ACH acceptance. Moov says the deal will …

The Clearing House Payments Co.’s Real Time Payments Network said it passed 1 billion cumulative payments on Friday. The network, operated by TCH since 2017, also set single-day records Friday for number of payments, at 1,592,419, and value, at $1.44 billion. New York City-based TCH is owned by 20 large commercial banks. President Donald …

Continuing its focus on developing consumer payments, tapping new business flows, and providing value-added services, Visa Inc. late Thursday posted a strong start to its 2025 fiscal year. Speaking to equity analysts, Visa chief executive Ryan McInerney highlighted Visa’s recent deal with X, formerly Twitter, to power the social-media platform’s …