• Banking and financial-services provider BNY Mellon announced its Treasury Services unit has introduced Tokenized Payments, a service that allows its clients to send real-time or next-day payments to consumers. The service relies on Early Warning Services LLC’s clearXchange network and allows payments using the recipient’s email address or mobile …

• Noting that U.S. businesses send consumers write 3 billion paper checks annually, Wells Fargo & Co. said it will allow companies to send consumer payments electronically through a new service called Payment Manager B2P, expected to roll out early next year. The service will work with the clearXchange peer-to-peer …

• Visa Inc.’s Canadian unit posted an “open letter” in Canadian newspapers Thursday to protest Wal-Mart Stores Inc.’s plan to stop accepting Visa cards in its 400 Canadian stores beginning July 18 because of allegedly high acceptance costs. “Wal-Mart has initiated a public flight—something we never wanted—as they are using …

Visa Inc. on Tuesday reported that gas stations using a service it introduced two years ago to prevent card fraud at fuel pumps has reduced counterfeit fraud by 54%. Visa says that more than 35,000 U.S. gas stations now use its Visa Transaction Advisor technology at the pump, and that …

Wal-Mart Stores Inc.’s 400-store Canadian unit announced Saturday that it will no longer accept Visa payment cards in its stores beginning with phased discontinuance starting July 18. “Following an evaluation of credit card transaction fees in Canada and the rest of the world, we have concluded the fees applied to …

Courting and retaining high-risk merchants can yield high returns. But it’s a lot of work. It’s no simple task, but one that can yield enviable returns. Finding the profit in high-risk merchants requires diligence, a knack for customer service, and a commitment to thoroughness. It also requires deep knowledge of …

Loyalty points have become as valuable as traditional currency. That’s attracting fraudsters—and forcing program managers to redouble their efforts to protect members. The risk of fraud threatens each and every aspect of our digital lives, including loyalty programs. Nearly 72% of loyalty-program operators admit to experiencing fraud issues, with cybercriminals …

Canadian payment processor Beanstream says its U.S. foray is hoping to tap into its parent company’s international reach as Beanstream USA targets software developers and integrators. Beanstream’s U.S. effort—announced earlier this month—is meant to get a piece of the independent software vendor and value-added reseller market that so many payments …

Confronted with pokey EMV transactions, consumers and merchants in the United States may be eagerly looking for the contactless revolution to start. But in the United Kingdom, the wave-and-pay method is already picking up quite a head of steam. Consumers in the U.K. performed just over 1 billion contactless transactions …

• Total System Services Inc. (TSYS) said it is integrating a machine-learning engine from Featurespace that will allow the processor to generate real-time decisions on individual consumers. TSYS says the speedier fraud-control processing will help prepare its clients for the arrival of real-time payments. • Plastc Inc., which markets a …