Merchant

The company still intends to shut down its data centers next year even as the recent hacking that exposed the data of some 100 million people raised questions about its aggressive embrace of cloud computing.

FIS has partnered with ControlScan to give its growing number of payment facilitators’ “sub-merchants” a streamlined path to comply with the Payment Card Industry Data Security Standard.

Stripe and JPMorgan Chase are firing rapid shots in their battle to win businesses, with faster payments as the centerpiece of their offerings.

The world’s biggest restaurant company is buying startup Apprente Inc., a developer of voice-recognition technology for use in the restaurant industry, to help speed up lines. The idea is to eventually have a machine, instead of a person, on the other side of the intercom to relay orders to kitchen staff.

Speaking during NAFCU's Congressional Caucus, a leader from the U.S. Department of Treasury said credit unions can help the agency improve how consumers are notified in the event of a data breach.

The massive scale of the e-commerce market is burdening community banks with its volume of payments. But there may be strength in numbers.

The large payment processor mergers were meant to give bigger companies a better way to compete against the nimble startups that were luring their customers away for digital services such as mobile point of sale. And post-merger, Fiserv and First Data have fired their first salvo.

It's not on consumers to fix this problem, says NuData Security's Justin Fox, who argues organizations must get more cooperative and proactive to improve authentication.

FedNow will provide another option for real-time payments but executives will have to decide if this option is right for their institution.

Fintechs providing installment loans are attracting significant funding from investors who see opportunities in developed economies for consumer financing products, which are already well established in emerging markets.