Square announced early Tuesday its first integration in the United Kingdom of Clearpay, a buy now, pay later service known as Afterpay outside the U.K. and Europe. Square, the point-of-sale payments unit of San Francisco-based Block Inc., said the latest move is also its first major integration of BNPL in …

The drive to encourage consumers to use cryptocurrency to pay for transactions at the point-of-sale shifted into a higher gear Wednesday as BitPay Inc. announced the launch of a cash-back rewards program for its prepaid card. Cardholders, who will be automatically enrolled in the rewards program, can earn up to …

Processing and banking services giant FIS Inc. said revenue from its digital-only merchants increased 28% in the first half of the year, while its merchant solutions overall experienced a 12% growth in revenue in the second quarter. Jacksonville, Fla.-based FIS said continued e-commerce growth aided to that expansion. And it …

A class of card issuers is suing Apple Inc., alleging they pay $1 billion in fees annually for inclusion in the technology company’s Apple Pay mobile wallet, while Apple maintains a monopoly on contactless payments at the point of sale for iOS devices. Filed in the U.S. District Court for the …

Synchrony Financial is the latest entrant in the highly popular, and increasingly crowded, buy now, pay later market. The Stamford, Conn.-based provider of consumer-financing products is partnering with Fiserv Inc. to allow merchants using Fiserv’s Clover platform to offer BNPL as a consumer-financing option. Called SetPay in 4, Synchrony’s BNPL …

With the demands placed on ecommerce and business-to-business payments, it is only fitting that merchants rely on a gateway with expert-level knowledge and years of experience. PayTrace, which North American Bancard acquired earlier this year, has maintained such Level-2, Level-3, and B2B expertise for more than 16 years. Now, with …

The buy now, pay later trend is one of the hottest in payments. But rising rates, higher inflation, and stiffer rivalry could cool things off. Few trends in payments have been as explosive as instant credit online or at the point of sale, with no interest if the installments are …

After more than two years, payments providers are still reeling from the chip shortage. Indeed, lead times for chips used in POS terminals and credit cards can be as long nine months, compared to six months a year ago, says Stewart Watterson, a strategic analyst for Aite-Novarica. Pre-pandemic, lead times …

Mastercard Inc. released what it says is its first music album, featuring 10 songs that include the melody of the card network’s advertising. The album was launched at the Cannes Lions Festival of Creativity.Processor Jack Henry & Associates said more than 250 financial institutions are now using its platform, JHS PayCenter, to …

The buy now, pay later trend is getting hotter with the summer. PayPal Holdings Inc. announced early Wednesday it will offer a plan allowing consumers to split large purchases over a period of six to 24 months. The monthly payments will incur interest and will apply to transactions valued between …