Payment processing

Fiserv will acquire First Data in an all-stock deal with a value of about $22 billion that will combine two of the financial services industry's largest technology and processing companies.

Revel Systems has entered into a non-equity strategic partnership with global payment processor Worldpay to create and deliver a more comprehensive set of payment solutions for Revel customers.

Investors in a hurry can instantly add funds to a TD Ameritrade account through Apple Pay using the brokerage’s new messaging chatbot.

Although most consumer-facing financial institutions now offer mobile applications, that doesn’t mean that they are ready for a world where smartphones are the primary point of contact with their customers, writes Rune Sorensen, a product manager at Nets.

Visa is working with handbag designer Rebecca Minkoff to debut a global program to fuel networking among women business owners, while also connecting them to companies in the Visa ecosystem such as Square and Yelp.

There are many contenders working towards developing a universal digital ID system. CULedger will test its offering later this week with a rollout scheduled for the second half of 2019.

There are many contenders working towards developing a universal digital ID system and away from static passwords. A group of credit unions is ready to see if its blockchain-based approach can serve a wider market.

Fragmented and manual AML processes pose a challenge to many institutions, contends Edmund Tribue, risk and regulatory practice leader for NTT.

VC firms Capital 300 and Draper and Associates have made a Series A investment in Authenteq, a identity security firm that uses blockchain, which is gaining steam as a means to support digital ID.

The Chinese government is not formally considering Visa and Mastercard’s year-old application to process payments inside China, another signal of China’s almost constantly changing regulatory posture toward the American card brands.

The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com.

Global payments provider Paysafe Group has appointed Mastercard vice chairman Walt Macnee as an independent, nonexecutive director.

Terminal manufacturer and payments technology provider Ingenico Group has completed its acquisition of New Zealand-based payments network Paymark.

TSYS is responding to growing demand for a lighter and more versatile point of sale with a line of payment tools answering many of the newer merchant needs Square, Clover and Poynt typically provide.

U.S. Bancorp’s Elavon has acquired CenPOS, a B2B payments software provider with a heavy focus on large companies in the automotive, travel and entertainment industries.

Global Payout is providing software to the makers of point of sale hardware for the cannabis industry, integrating payment card processing with other business services common for dispensaries.

FIs can free their IT team to focus on more profitable projects, reduce the risk of fines and ease the administrative burden of audits, writes Sean Ventura, chief information security officer at Atmosera.

Thin margins and lengthy payment cycles can make cash flow challenging, but the payment terms of an invoice can ease some of that pain, contends Brandon Spear, president of MSTS.

Whether it's the OCC's special-purpose charter, ILCs or some other option, observers see fintechs being able to obtain banking powers.

Cross River Bank has formed a partnership with Stripe that will handle every debit push payment within its platform in near real time via Mastercard Send and Visa Direct.