First Data Corp. will offer a card-acceptance package for Austrian merchants, the United States-based processor says in a statement. 'FirstPos' enables First Data to become a direct vendor of payment devices in addition to processing cards. "Merchants remain independent and can keep their terminal and service contracts even if they change their acquiring partner," Karin Skarek, First Data managing director in Austria, says in a statement. The service includes terminals that already comply with future European Union regulations, the acceptance of different cards and a monthly flat fee that includes technical services, the statement says. First Data processes 430 million card payments per year in Austria, according to the company.
-
The Federal Reserve's April financial stability report found that asset valuations remain elevated, even as investors are beginning to demand more compensation for risk amid rising uncertainty around monetary policy.
53m ago -
Banking groups that sued the state of Illinois over its law barring banks from charging interchange fees on taxes and tips cheered an appeals court ruling remanding the law to a lower court and vowed to keep the law going into effect, which is slated for July 1.
1h ago -
Stephan Feldgoise and Joshua Schiffrin will join Goldman Sachs' management committee; Fidelity Investments is dismissing about 800 personnel as it restructures its technology and product-delivery teams; Citi has hired JPMorgan's André Ross as its country officer and banking head for South Africa; and more in this week's banking news roundup.
2h ago -
Affirm CEO Max Levchin said that the company did not have any plans for AI-spurred layoffs despite the fact that it was using the technology more for software engineering.
4h ago -
Leaders from Wells Fargo, JPMorganChase and more talked about how banks can respond to the fast-moving changes in money movement, new forms of artificial intelligence, fraud, digital assets and more.
4h ago -
The payments company posted strong adjusted earnings following a dramatic downsizing, which management attributed to the influence of artificial intelligence.
6h ago








