Payment processing

The company more than doubled the total number of transactions it performed for credit unions in 2016, driven in large part by its acquisition of TMG in April

While Zelle is working hard to become the Venmo for grown-ups, it is also pushing into retail payments, particularly in opportunities for displacement of cash and check and where funds are needed in minutes rather than days or weeks.

The U.S. may be undergoing a sea change in attitudes to contactless cards.

Consumers are more than willing to share retail payment information, geolocations, as well as Uber, OpenTable, Facebook, and Twitter information. However, they have high expectations for what they receive in return, writes Lisa Woodley, vice president of FSI customer experience for NTT Data Services.

PayPal has been working to expand Venmo's audience beyond millennials for more than a year, a strategy that it hopes to further with instant transfers.

Kelley Knutson has been promoted to senior executive vice president of Total System Services Inc. and president of Netspend, the company's prepaid debit card unit.

Tightening its connections to restaurants with a brisk delivery business, Square has acquired a longstanding Dallas-based local food delivery service to add to its Caviar food-ordering platform.

In the ever-changing era of cyber threats against payment and personal data, it is dangerous for companies or financial institutions to spend a lot of time or money establishing defenses only against external threats.

E-commerce merchants are juggling several challenges at once, creating potential business-threatening gaps Worldpay and Vantiv say can be bridged by their merger.

Now that bitcoin's market spike has made the alternative currency a household name, it's linked to wild market swings, bubble-level valuations and onerous fees, with the most obvious fixes likely furthering bitcoin's problems rather than solving them.

If e-invoicing were adopted by more organizations, many of the issues that currently cause late payments would naturally evaporate, leaving leaders more resources to seek out and identify opportunities for business improvement in this year and beyond, writes Richard Hurwitz, CEO of Tungsten Network.

The company plans to move into more retail payment processing as part of a broader diversification strategy that includes the acquisition of Cayan.

Bitcoin has lost touch with its original mission of being an alternative decentralized currency, and Stripe has decided that it is no longer worth supporting for payments.

The client groups aim to take an active role in shaping the future of payments.

Paytronix Systems has received a $65 million private equity investment from Great Hill Partners to power its development of payment and loyalty systems for restaurants.

Adyen BV, a Dutch financial technology company backed by Silicon Valley billionaires, is poised to pick JPMorgan Chase & Co. and Morgan Stanley to advise on a potential initial public offering, according to people familiar with the matter.

While most Generation X-ers have been accustomed to learning new technologies, mainly through interacting with early adopters, they aren’t always enthusiastic about learning new systems, writes Hamidreza Ghanbari, CEO of Pilatus Bank.

Through an arrangement with First Data and JCB International, Discover will expand its card acceptance at merchant locations in Hong Kong to better accommodate travelers carrying Discover cards.

OnPlan serves the education and health care industries, and under Flywire its services will be available for the first time outside the U.S.

Ingenico Group has agreed to acquire Paymark, a leading payments processor in New Zealand, for about US$140 million.