Payment processing

Many restaurateurs expect more from their merchant services than a paper bill at the end of the month listing the basic credit card transactions, writes Andrew Szala, a content specialist at Upserve.

Merchants won't know for sure until about midway through 2018 whether they received a significant win, after the U.S. Supreme Court will rule on the anti-competition complaint against American Express.

For all of the noise in the payments industry around transitioning to real-time and same-day digital payments — and in the mainstream media around the bitcoin craze — paper checks still persist as the preferred means of disbursement for the majority of business-to-business transactions.

Verifone's integrated payments strategy is focused around its mobile Carbon POS, and the San Jose-based terminal manufacturer has now added cloud-based POS software from talech to the Carbon platform.

Discover Financial Services’ DFS Services has formed a strategic alliance with National Payments Corp. of Vietnam (NAPAS), the nation’s domestic payment network, for reciprocal card acceptance.

Thousands of rank-and-file merchants are gaining access to validated point-to-point encryption (P2PE) for protection from malware within payment terminals, an attack vector that other popular security technologies might miss.

Trellance is designed to offer credit unions innovation on programs and services.

In a move designed to strengthen its capabilities for integrated payments, processor and technology provider Total System Services has agreed to acquire Cayan for $1.05 billion. The news shortly follows another deal valued in the billions — Thales agreeing to buy the chip maker Gemalto for $5.4 billion.

The cloud, open development and onboarding tools should get a boost from PSD2, with mandates that banks make it easier to share payment data with fintechs in Europe.

While at Klarna, Billingsley collaborated with Modo as part of a partnership between the two companies.

Visa research contends consumers are interested in biometrics and consider it superior to traditional usernames and passwords.

As shopping habits evolve, e-commerce and m-commerce methods such as in-app and one-click ordering are becoming increasingly popular. In addition, the exponential growth of the IoT is introducing a wealth of new payment use-cases, such as connected cars, writes André Stoorvogel, Director, Product Marketing in the Payments Group at Rambus.

Some firms are investing in technology to help insurance clients shift to paperless payment processing.

Grupo Coppel and Insikt, an online lender, would appear to be cut from different cloth, but they share an expertise in providing credit to working-class, largely Hispanic consumers. The retail conglomerate also operates 1,000 bank branches in Mexico, mixing banking and commerce in a way that U.S. regulators have not allowed.

The case for real-time payments isn’t just about instant gratification. Truncating settlement times has enormous benefits to FIs, businesses and even governments.

Banks and fintechs are competing heavily to modernize cross-border payments, and Citi is using its upgraded treasury unit to add speed to its own international cross-border digital payments capabilities in more than 60 countries.

For merchants, a processor that’s a tad better, a bit more comprehensive, can make an enormous difference, writes Eric Grover, a principal at Intrepid Ventures.

Payment Rails is putting a tight focus on the emerging area of “influencer marketing,” where global brands are spreading money among individuals who use social media to promote products.

In the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system

The concept is designed to free up workers to produce food and serve customers instead of handling payments.