Payment processing

House lawmakers go light on BB&T-SunTrust merger; Santander Bank names longtime MUFG Union executive its CEO; the fintechs trying to solve America's retirement problem; and more from this week's most-read stories.

Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements.

A stronger U.S. economy paved the way for Toast and other companies like it, such as Bolt and Due, to find their own niche against PayPal, Stripe and Square when it came to serving small restaurants or coffee shops with point-of-sale hardware and software.

A traditional rules-based fraud system will not be capable of detecting synthetic identity fraud. A combination of supervised and unsupervised machine learning algorithms must be implemented to process the data necessary to effectively segment good and bad identities, says Steven D'Alfonso, research director at IDC Financial Insights.

Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more.

Payconiq has built an omnichannel, multicountry payment platform that uses a mobile payment app to leverage existing bank infrastructure in order to make payments in-store and online payments as well as to send P2P payments.

In their efforts to understand data privacy regulations and maintain compliance, it’s become clear that a large number of retailers simply don’t know the true whereabouts of their customers’ data, never mind how that data is being used, says Cleo's Dave Brunswick.

Giant Eagle’s supermarkets go back a century, literally, making the Pittsburgh chain one of the best tests yet for how the supermarket experience can adapt to mobile technology and the de-emphasizing of traditional checkout.

The CEO of a big-bank lobbying group recently said that the central bank may be on the verge of pulling a bait and switch on faster payments. But his comments glossed over a lot of the relevant history.

One year out from hosting the Summer Olympics, Japan’s merchant base has a low ratio of contactless acceptance compared with other major markets.