Payment processing

In 2016, a big-bank consortium said that it would charge the same prices to all institutions, regardless of their size. But now the group has added a large caveat to that pledge.

With the U.K. government still at stalemate over Brexit, the prospect of leaving the European Union without a deal remains a very real possibility. Despite some recent agreements, this could have major implications for the U.K. payments industry.

JPMorgan Chase has joined the Single Euro Payments Area real-time payments scheme by adding the Sepa Instant Credit rail to its network in Europe.

The Fed should continue to play a key role in the new payments system, rather than leaving it in the hands of the country’s largest banks, Thomas Hoenig and Bruce Summers argue.

Contactless transit fare systems are drawing lots of investment despite several false starts in the U.S. But new numbers out of London show there are clear and multiple benefits if the infrastructure can catch up.

Cash is expensive, overseas cards may be illegal and cryptocurrency is unreliable, argues David Ehrlich, COO and co-founder of Zodaka, who says e-wallets are an answer.

Payment processor and financial messaging integrator Volante Technologies is partnering with the Banco Base financial group to provide end-to-end payments software for domestic and international payments.

Crooks are going after automated tax communications, text and streaming video. Here's what payment companies should do to educate their consumers, according to Robert Fodor, chief data scientist and vice president of fraud for Interac.

Grocers, alarmed at Amazon.com Inc.’s rapid growth in Europe, are considering fighting back with the help of a tiny Portuguese startup.

The number of IoT devices is growing quickly, but not all are properly connected to security systems, according to Pip Courcoux, sales and product manager for CLIQ Systems at Abloy UK.

The speed of technological change is forcing Britain’s retail payments authority Pay.UK to redesign its core infrastructure.

The Fed should continue to play a key role in the new payments system, rather than leaving it in the hands of the country’s largest banks, Thomas Hoenig and Bruce Summers argue.

Sweden-based Klarna is replacing the in-house customer authentication process it developed for its buy-now, pay-later online checkout option with a new approach to streamline merchant integration.

International payments provider Currencies Direct is offering a new online platform for batch payments to help clients making multiple payments in different currencies.

As the consumer payments technology market is becoming saturated, B2B payments have captured the attention of the investment community, writes Karla Friede, CEO of Nvoicepay.

When cutting through the noise generated by the highs and lows of cryptocurrency value, the underlying blockchain technology is poised to keep advancing toward mainstream payments.

The Silicon Valley-based fintech, which recently announced a new partnership with Walmart, plans to add hundreds of new workers this year.

With many consumers now using online and mobile banking, there is a huge opportunity to incorporate blockchain solutions into the everyday payments experience, writes Andre Stoorvogel, director of product marketing for Rambus Payments.

FIS’s $43 billion agreement to acquire Worldpay and Fiserv’s $22 billion deal to buy First Data are largely closing the gaps between financial technology and merchant acquiring. But these mergers are only the first of many steps.

Existing bank systems are holding issuers back from responding fast enough to changing market conditions, contends Mikko Rieger, senior vice president of consumer management services for Nets.