Payment processing

Merchants with multiple Square accounts will have a new app designed to help analyze business data and trends through Square's partnership with business management company Domo.

Cash is not dead, but the burdens of ensuring access threaten to break long-standing ecosystems that sustain traditional payments.

The Federal Reserve’s FedNow instant payments system will dramatically speed up payment processing, essentially allowing people and businesses to receive money in their accounts within seconds of a transaction, says the Retail Industry Leaders Association's Austen Jensen.

Following a two-year pilot, several Sri Lanka banks are rolling out co-branded credit and debit cards connecting LankaPay, the local payments network, with Japan’s JCB brand, extending the cards’ reach to any global merchant or ATM that accepts JCB.

Small merchants often have to squeeze a hodgepodge of hardware onto their counters to manage government electronic benefit transfers, a distinct niche Novo Dia Group is working to solve with an investment from Square.

Libra poses risks not only to global financial systems, but also to existing companies’ broader payments business, Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii said in letter on Tuesday to Visa Inc., Mastercard Inc. and Stripe Inc.

If time seems to move faster when a payments compliance deadline is looming, then owners of gas station/convenience stores in the U.S. will feel like October of 2020 will be upon them in no time.

U.K. fintech Revolut will use Bottomline Technologies' Universal Aggregator to manage a software-based real-time payments button.

Rather than homing in on specific methods to accommodate real-time payment processing, Wells Fargo realized a mix is the best bet to avoid inadvertently leaving parts of its client base in the dark.

Visits and conversion rates are important, but it’s also important to monitor what happens between the moment someone enters your website and the moment they decide to make a purchase, says Robin Reodica, product management executive at Bank of America Merchant Services.

None of the 10 financial institutions in the Bank of Thailand's electronic know your customer verification test have completed the trial, raising a red flag for the myriad biometric risk projects underway.

Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present.

Banks and merchants can already access solutions that can provide a real-time experience and process payments on the best set of rails for any particular use case, says BillGo's Kelly Seidl.

German payments processor and technology provider Wirecard is launching new money transfer capabilities for users of the Viber instant messaging application.

Demand for a user-friendly way to shop and pay for tailored products requires action from those that want to stay ahead of the digital curve, says KBMax's Kris Goldhair.

Retailers are decelerating data security spending, even as attacks become more sophisticated and merchants emphasize the types of multi-channel shopping that draws attackers.

Transit systems want to use contactless and open payment systems to address ridership declines, an innovative strategy that nonetheless is riddled with pain points due to how transit has traditionally modernized.

Instagram understands it’s not just about giving users what they want, but also when they want to see it.

Square has expanded its invite-only pilot for CBD products in the U.S. to all of its existing merchant accounts, but is charging a premium.

Seeking relief from rising synthetic fraud, U.S. companies next year will be able to quickly verify whether Social Security numbers match other consumer data in government files, in a bid to thwart fraudsters from creating fake identities with stolen information and SSNs.