Payment processing

Payments messaging standards provider Swift has opened its global Know Your Customer registry to all the corporations it connects to following a successful test.

WEX will begin managing the fuel card portfolio of Valero Energy Corp. next year, covering 5,000 U.S. fuel stations, as an extension of the partners’ existing card acceptance agreement.

French marketplace payment processor Lemon Way has raised €25 million from Toscafund Asset Management to help banks compete with the likes of Adyen, Paysafe, and Stripe in the fast-growing marketplace sector.

Payments application provider Ixaris is partnering with global travel marketplace provider Sabre to expand into new markets across Europe.

The United States could be the point-of-sale lender's largest market within two years, its CEO says. The firm's investors include BlackRock, Sequoia Capital and the rapper Snoop Dogg.

Whether data leaks come from internal mistakes and exposures or from direct hacking, the outcome is the same. Data is exposed and cybercriminals are using it for fraud today, next year or several years from now, says NuData's Rosemary O'Neill.

If the intention is for FedNow to give the market a choice, particularly to smaller, local banks then interoperability between the TCH and FedNow is a must, says FIS' Elena Whisler.

In many ways, the payments industry resembles the health care business — pulled into the future by rapid digitization and conflict over the role of government.

Apple Inc.’s digital wallet is expanding in Europe just as regulators crack down on the tech giant’s move into financial services.

In order to overcome this digital payment inertia we need to design solutions that allow buyers and suppliers to focus on a more critical aspect of the transaction experience—the sale itself, says Billtrust's Nick Babinsky.