Payment processing

First Data has secured a partnership with Silicon Valley Bank, giving the payments technology provider and processor a front seat to take notes on all of the technology development taking place among the bank's clients.

While the most common early use case for Internet of Things involves a smart refrigerator detecting its owner is out of milk and then automatically debiting a bank account to order more, the technology opens a vast trove of data that can have a major impact for both cross-selling and risk.

Early Warning's clearXchange is starting to show the bank-led network's potential to catalyze faster processing, and now the enterprise is also executing on its broader goal to power other products beyond person-to-person transfers.

Malaysian remittance company Metro Money Exchange has selected Dragonfly Fintech, a Singapore-based blockchain technology provider, to power its remittance business.

Tablet-based point-of-sale provider Appetize has landed the contract to provide terminals at the new U.S. Bank Stadium in downtown Minneapolis, where games for the NFL Minnesota Vikings, and other special events will take place.

A new assault on the major card brands over debit transaction routing got a boost this week when Home Depot sued Visa and MasterCard, alleging the card brands are pushing for the more expensive signature debit routing.

TSYS Managed Services is now a wholly owned unit of Total System Services.

On the surface, Walmart Canada's decision to stop accepting Visa credit cards in protest of its fees comes across as simply another conflict between the giant retailer and the card network. But it's setting the stage for something bigger.

With everything they need right at their fingertips, millennials are having a major influence on a rapidly evolving consumer landscape.

JPMorgan Chase has yet to launch its Chase Pay wallet app, but it's lining up some formidable allies. The wallet's underlying technology was years in the making, giving Chase an edge in winning merchant partners while tapping into a sizable consumer base.