Payment processing

The big acquisitions of 2019 have created an environment for more deals to come, says FICO's Tim VanTassel.

Innovation is showing little sign of slowing, creating both myriad benefits and risks moving ahead, says Visa's Paul Fabara.

In the same manner as customer-interaction tools can integrate into a point-of-sale terminal, NCR Corp. is ready to turn the POS screen into a virtual business office.

Consumers face significant risk if this highly personal information is exposed, says Mitek's Stephen Ritter.

With the cost of processing business transactions remaining stubbornly high, a number of U.K. fintechs are working to facilitate open banking payments, a method which could soon enable consumers and businesses to make faster payments at a lower cost.

The first line of defense is to not pay the ransom. Then a layered approach to security and recovery plan can ward off the crooks, says Nominet's Stuart Reed.

To compete and remain relevant in 2020 and beyond, organizations must rapidly develop, test and deploy innovative new products and services in increasingly larger amounts, says Paragon Application Systems' Steve Gilde.

PNC Bank has made it more difficult for its customers to use Venmo, and although competition plays a role, the bigger issue is the expanding risks financial institutions face when sharing data with third parties.

Fiserv has sold a lockbox processing unit to Deluxe, the second such acquisition for Deluxe in as many months.

Given the financial health and outlook for many retailers, their ability to get the digital experience right could be the difference between operating in 2021, or joining the growing list of retail bankruptcies, says Applause's Kristin Simonini.

The success of Fiserv’s acquisition of First Data, FIS’ purchase of WorldPay, or Global Payments merger with TSYS rides on the companies’ ability to address merchants that are under extreme pressure.

Following its $2.3 billion IPO, payment processor Nexi made another large deal to scale its merchant services.

The Federal Reserve is investigating the second significant disruption in 2019 of a payments service administered by the U.S. central bank.

Customers will be able to use the service by clicking on the QR transactions option and using their camera to scan the code that appears on the app screen.

For most companies, no role within accounts payable focuses solely on handling errors, enablement, fielding phone calls, or escheatment, says Nvoicepay's Kristin Cardinali.

Adyen’s aggressive year of client and technology additions has been capped off by adding McDonald’s to its network, bringing in a merchant with a huge appetite for streamlined app-driven transactions.

Steve Streit, who founded the prepaid card pioneer Green Dot and spent two decades as its chief executive, has announced plans to retire as part of a shakeup at the top of the company.

Cybercrime has become harder to fight as it becomes more sophisticated. Criminals have deployed technology that can infiltrate a consumer's personal computer and copy parts of the underlying hardware and mimic typing speed, style and other computer habits of the user.

Drones and autonomous vehicles are making progress, but there's still expense and logistical hurdles to work out, says Roadie's Marc Gorlin.

Payrailz, a payments startup launched that leverages AI to streamline bill payments and money transfers, will integrate its platform with Mastercard Bill Pay Exchange to explore ways to enhance the consumer bill payment experience.