Breaking Industry News
Breaking News articles for September 2026
ACI bolsters card switching muscle
Thursday, September 10, 2026
The financial technology firm ACI Worldwide inked an agreement to acquire Cranium Ventures, a privately held developer of cloud-native payment switching technology. Plans are to add Cranium's technology to ACI Connetic for Cards. Financial terms were not disclosed, and the transaction is subject to customary closing conditions and approvals. But the companies stated they hope the deal will be completed in the third quarter of 2026.
Trump promises cuts to 'out-of-control' processing fees
Thursday, September 10, 2026
The Credit Card Competition Act (CCCA) , first introduced in Congress in 2023 and reintroduced in both the House and Senate in January 2026, hasn't yet made it to a vote in either chamber. But that hasn't stopped President Trump from suggesting he'd sign the legislation into law. The president did that during his keynote address to the Republican midterm convention in Dallas on Sept. 9, 2026, positioning passage of the bill as a move to help inflation-weary consumers.
Alabama limits surcharging as Australia moves to end it
Tuesday, September 08, 2026
Card surcharge rules are shifting on two continents, with Alabama changing how surcharges are treated for sales tax purposes and Australia moving to eliminate card surcharging altogether. A new Alabama law that became effective Sept. 1 requires sales tax to be calculated on the purchase amount before a credit card surcharge or convenience fee is added. Gov. Kay Ivey signed Senate Bill 221 into law in April.
AI Literacy Project, Fjellhøy take aim at modern scams
Tuesday, September 08, 2026
The AI Literacy Project held a special event on Sunday, Aug. 30 at Trinity Presbyterian Church in San Carlos, Calif., with special guest Cecilie Fjellhøy, an international fraud expert. The two-hour presentation featured opening comments by Adya Tewari and Saanvi Chawla, co-founders of the AI Literacy Project and a keynote presentation by Fjellhøy, who turned her personal experience with romance fraud into a platform to educate and empower other similarly impacted individuals.
Nuvei to pay $4.85 million in FTC merchant-screening case
Tuesday, September 08, 2026
Nuvei agreed to pay $4.85 million to settle Federal Trade Commission allegations that the payment processor opened and maintained accounts for merchants it knew or should have known were engaged in deceptive conduct.
