The initial penetration was slow. The original Diner’s Club credit card of 1949 was too different to quickly catch on. But it had a compelling message, as the historic burden of trusting the customer was shifted away from the merchant, a service for which the merchant was willing to pay. …

It’s May, and that means it’s time for our annual exercise to seek out and describe the payments players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Capital One Financial Corp.’s bombshell announcement in February that it is offering to acquire Discover …

GenAI carries risks, some not yet well-known. But its potential to transform payments is too compelling to ignore. Generative AI has been described as a Gold Rush for businesses looking to cash in on the better user experiences and operating efficiencies it is said to create. It has also been …

Long enchanted with retail and restaurants, acquirers are ready for the next point-of-sale markets. The independent sales agent and acquirer model is successful because of its ability to competitively sell merchant services. The saturation of point-of-sale and online payment services within the retail and restaurant industries is a prime example …

The saga of PayPal versus the Consumer Financial Protection Bureau entered a new chapter early this spring when PayPal won a favorable ruling from the U.S. District Court for the District of Columbia. On March 29, Judge Richard Leon ordered that the Bureau not require PayPal to provide the short-form …

The number of publicly reported data breaches nearly doubled during the first quarter compared to the same period a year ago, according to the Identity Theft Resource Center’s quarterly report, issued Tuesday. The ITRC tracked 841 publicly reported data breaches during the first quarter, up from 442 during the same …

Online-gambling consumers in Pennsylvania using Mohegan Digital iGaming services will be able to use PayNearMe Inc.’s deposit and payout services. Announced Tuesday, the collaboration sees Santa Clara, Calif.-based PayNearMe’s MoneyLine as the exclusive payments platform for Mohegan Digital in that state. Mohegan, the Uncasville, Conn.-based parent company of numerous casinos, …

Firing back at a Federal Trade Commission lawsuit alleging deceptive practices in the bill-payment business, doxo Inc. has issued a statement claiming the charges are inaccurate and push a narrative that will prevent bill-payment providers from streamlining the digital bill-payment process. The FTC lawsuit, filed late last week, charges doxo …

Payments platform Paysafe, already a competitive processing option for online gaming sites, added a pay-by-bank option enabling online bettors to fund deposits instantly in their accounts. It also can be used for cashing out winnings. The service, which Paysafe says carries no fees to bettors but offers a tiered pricing …

Veritran, a U.S. technology company, said it is working with global financial-messaging service Swift to enable a smoother process for bank customers looking to make cross-border payments. Some 78% of community and regional banks plan to widen payments and merchant services for small businesses in coming months, with 96% planning …