John Adams

Two of the three multibillion-dollar payment mergers announced in 2019 closed this week, and these global giants must now fend off the invigorated fintechs eager to nab unhappy merchant and bank clients.

The information you need to start your day, from PaymentsSource and around the Web. Today: Visa's small business play in India; Mobile point of sale tech for legal weed; Circle's CEO pushes financial reform; Revolut adds a top exec.

Facebook must have expected some backlash when unveiling its plans for Libra. But it may have underestimated just how much.

Brexit seems more likely than ever, as the U.K.'s new prime minister, Boris Johnson, has committed to meeting the October 31 deadline for a deal to leave the EU. But despite the lingering uncertainty over how that will happen, Mastercard is not abandoning its bullish stance on Europe.

The information you need to start your day, from PaymentsSource and around the Web. Today: BofA ends First Data joint venture; Capital One and Sephora suffer breaches; Grab uses infusion to expand in Indonesia; Ripple wants to be seen as different than Libra; A ransomware emergency in Louisiana; Amazon expands into food delivery in India.

The fallout from this spring’s slate of multibillion-dollar payment company acquisitions began swiftly, as Bank of America on Monday announced plans to end its joint venture with First Data just hours after Fiserv’s acquisition of First Data closed.

The information you need to start your day, from PaymentsSource and around the Web. Today: Australian banks suffer breaches; U.K. may restrict gambling payments; Movie subscription sites proliferate; Huawei wants China to counter Libra.

As checkout-free stores dramatically reduce — or even eliminate — the need for point-of-sale devices, terminal makers are turning their focus to multichannel services that can keep younger, digital-savvy customers coming into stores.

The information you need to start your day, from PaymentsSource and around the Web. Today: Salesforce and Alibaba team up; VC funds for Standard Cognition; WeChat adds airborne payments; Cannabis bank gets off the ground; Elavon hires a top exec for Europe.

The mobile point of sale market has grown far beyond its roots as an off-the-shelf dongle for smartphones. The category is now driving major acquisitions, collaborations and international deployments.