Fiserv

Fiserv completed a PIN on Mobile transaction using only an app on a consumer grade handset, and plans to pilot the technology in Europe and Asia.

The advancement of mobile wallets has never quite aligned with U.S. dining habits, where patrons are accustomed to handing off their credit cards to wait staff — something they are less likely to do with their phones.

Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices.

Amazon is starting the new year with a major payment technology deployment at more than 11,500 gas stations, providing the e-commerce giant with an added leg to its rapidly expanding payments network ranging from checkout-free stores to Whole Foods to its own planned grocery chain.

2019 kicked off with a series of large, multibillion-dollar acquisitions that promised to forever change the landscape of the payments industry. And while those big deals were clustered at the start of the year, many other pivotal deals took place over the course of the year.

Fiserv has sold a lockbox processing unit to Deluxe, the second such acquisition for Deluxe in as many months.

The success of Fiserv’s acquisition of First Data, FIS’ purchase of WorldPay, or Global Payments merger with TSYS rides on the companies’ ability to address merchants that are under extreme pressure.

The mobile point of sale platform Clover was a star in First Data’s attempts to diversify beyond payment processing. First Data's new owner, Fiserv, sees a similar role for Clover — with sports becoming a prime venue.

Over the past several years, well-established companies in the space like Klarna and FIS have become big enough to buy competitors, fueling the majority of the M&A we’ve seen of late, says AvidXchange's Michael Praeger.

Leveraging new technology and APIs, Fiserv has rolled out CheckFree Next, a major update of the core CheckFree bill payment technology Fiserv acquired in 2007.