IMGCAP(1)]
Payments processor and electronic-payments service provider Capital Payments LLC has acquired Chicago-based processor Applied Merchant Systems Inc.
Sage Payment Solutions, a division of The Sage Group PLC, has joined the Payment Card Industry Security Standards Council as a participating organization.
Misys PLC, a provider of application software and services, will offer to its clients mobile-banking products from Clairmail Inc. under a partnership agreement.
President and CEO Enrique Lores, who took the payment company's top job in March, is looking to turn the company around with fresh talent and a renewed focus on what he says are the company's fundamentals.
The card network, which reported earnings on Thursday, reports some early impacts on travel payments, and has set up a site to help customers with questions about changes in consumer and business spending habits.
Banks have publicly said they're on top of the risk presented by Anthropic's Claude Mythos, which can find and exploit software vulnerabilities at unprecedented speed. Experts aren't as sure.
Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
