Payment processing

The machine is among the more commonly pitched solutions for high-risk merchants that can't normally handle payment cards because banks won’t partner with them. But for dispensaries, they can be a hassle.

In a move to strengthen the PayPal Working Capital program, the online payments giant has agreed to acquire the small-business capital lender Swift Financial.

Merger creates a $20 billion payments processor; government seeks to delay fiduciary rule so it can make revisions.

Vantiv, the largest U.S. merchant acquirer, agreed to buy the e-commerce payments company Worldpay Group for about £8 billion ($10.4 billion).

The regional bank will record a pretax gain of about $1 billion as it continues to shed its stake in the payment processor Vantiv.

Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future. The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online shopping.

The OCC says banks face growing “strategic risks” from trying to compete and team up with fintech startups; U.K. investor group wants banks to provide more nonfinancial information about their conduct and culture.

Vantiv acquired Worldpay, but JPMorgan's interest in an acquisition reveals its interest in payment processing.

The merger of the U.K. and U.S. payments processors carries both benefits and risks; Duperreault taps Marsh & McLennan veteran.