Payment processing

As the next step of Nacha's faster payments initiative nears, technology and management adjustments may be required to handle increased overdraft risk.

The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

SIA also plans to power payment cards in other currencies for solarisBank.

Snap Finance provides credit at the point of sale, primarily to consumers with bad credit.

Online payments and services provider Secure Trading will partner with payments marketplace COMO Global S.A. to make its gateway and acquiring services available to more providers and merchants worldwide.

Costco is testing self-checkout lanes at some of its U.S. stores as part of a push to speed up the brick-and-mortar shopping experience.

New European standards require greater data sharing to accommodate faster transaction processing, mobile payments and other digital efforts — a trend that is also inspiring new collaborations across the pond.

A situation brewing in movie theaters that hinges on card network rules could have broad implications for the entertainment industry.

NCR Corp. has entered a strategic referral relationship with Performance Food Group Co. (PFG) to promote NCR’s payments services to hundreds of restaurants via the food service operator’s 36 national distribution centers.

The advancement that we are seeing in terms of API Banking in the payments domain makes it evident that the overall banking system is moving toward an open banking framework, writes Satya Swarup Das, a senior architect for the global banking practice at Virtusa.