Fintech

As merchants and issuers weigh their digital payments options, traditional incumbents and new entrants alike are finding their offerings being scrutinized over how much they offer — and whether they even fit with the company's existing payments strategy.

The fast success of South Africa's Standard Bank provides a clue as to why mobile money is attracting so much attention from global payments providers as a way to expand services to underserved areas.

Could the cost of preparing the U.S. retail market for EMV smart-card technology over the next few years create problems for some retailers, adding to their burden in an already fragile economy?

JPMorgan Chase & Co. has positioned its merchant processing unit to provide far more services to merchant clients through its 10-year partnership with Visa Inc., a deal which potentially shifts more power to the issuer.

Independent ATM deployers worry about further reductions in interchange income, network mandates over accepting EMV cards and the possibility of another surge in lawsuits against them — this time over failing to comply with the Americans with Disabilities Act, according to a recent survey.

NEW YORK – Visa and JP Morgan announced a huge deal this afternoon that will promote discounts for JP Morgan cardholders at merchants across the country, the first deal of its kind.

PreCash has hired Jim Lerdal to be its senior vice president of operations, a new position.

TAMPA, Fla. – Magnify CU announced this afternoon that Joey Chestnut, the number-one ranked eater in the world, will compete in the first Magnify Credit Union World Ice Cream-Eating Championship in nearby Lakeland on Saturday, April 6.

Another digital wallet is coming to the U.S. — but it's taking the scenic route.

JPMorgan Chase plans to launch Chase Merchant Services, a payments partnership with Visa, this year.