Payment processing

When it comes to filling up at the gas pump and making other everyday purchases, consumers are forgoing cash and using credit cards and debit cards. Retailers are upgrading their systems to keep up with changing payment trends, which is driving demand for payment service providers.

Vantiv had a specific vision in mind when acquiring Mercury Payment Systems two years ago to provide the ultimate playground for app developers to operate in a multi-channel world.

They say to dress for the job you want, not the job you have, and First Data's Clover operation did just that.

Visa and PayPal have been at war for as long as PayPal has existed, and their recent cease fire could allow both companies to overcome the barriers they have spent years building between the worlds of digital and in-store payments.

Mastercard is betting its $920 million investment in the U.K.'s VocaLink gives it a significant edge in many emerging technologies, particularly in regions where it is lagging Visa in traditional card-based business lines.

Paris-based SlimPay, which built a following among European consumers using its service to make online purchases directly from their bank accounts, is broadening its reach to the U.S.

The industry-led EMV Migration Forum is changing its name and expanding its focus to accommodate the myriad changes that are happening alongside the move to chip cards.

Profits rose nearly 3% at Discover Financial Services in the second quarter thanks to solid loan growth and a one-time tax benefit.

Verifone Inc. still faces challenges in certain aspects of its business, but the terminal manufacturer is learning with experience how to fit into the fast-changing world of omnichannel technology.

FIS is working with ATM processing and services provider Payment Alliance International to expand its Cardless Cash program nationally.