Payment processing

The breach at Expedia's Orbitz not only jeopardized nearly 880,000 payment cards — it cast a spotlight on the weaknesses all companies expose themselves to when they partner with another brand.

Visa has appointed Marcello Baricordi as general manager for Middle East and North Africa, replacing Ihab Ayoub, who has left the company for personal reasons.

Payment data can also reveal insights for companies to foster better relationships with customers and vendors or suppliers, writes Matt Clark, president and COO of Corcentric.

The Clearing House expected to take some time to introduce its new network to financial institutions and play up its benefits.

Alipay has partnered with FreedomPay and expanded an existing deal with First Data to deepen U.S. merchant acceptance at key destinations for Chinese tourists.

Nacha has completed the third and final phase of the faster payments launch, requiring banks and credit unions to make Same-Day ACH funds available to depositors by 5 p.m. in local time.

It's hard to build an online marketplace when the same products can be found just as easily on Amazon and eBay. But Reverb has found success in fine-tuning the way it handles data and payments.

Global payments processor Payscout has launched a self-service payment portal to process transactions between a business and its debtors, in effect linking businesses to back-end processing facilities without involving bill-collection agents.

For all the hype around prepaid, Netspend's new president, Kelley Knutson, is convinced that there won't be much talk about the "prepaid industry" in another 10 years.

Adyen is working to expand its point-of-sale presence in its push to become an omnichannel payments provider, this week reaching Singapore.

In the wake of the Parkland, Fla. school shooting, a New York Times columnist has suggested the financial industry stop doing business with gun dealers. Here's what the leaders of five financial institutions – including one with a personal connection to Marjory Stoneman Douglas High School – had to say about the proposal.

Small-business payments are an inefficient mess of unpaid invoices and paper processes that are causing substantial funds to languish and companies to stagnate. One possible solution is to address the cash flow, not the payment mechanism itself.

More than half of the retailers that use Square Inc.’s technology at the checkout stand would take Bitcoin as a form of payment, according to a new study.

Cryptocurrencies bring truly worldwide reach and a single set of rules and fees for the whole globe, writes Kirill Radchenko, CEO of Paygine.

As the names pile up — Equifax, Target, Home Depot, TJ Maxx, etc. — there's one thing all of these brands have in common. They all disclosed a major data security breach, and they all remain in business despite what happened.

Quick service restaurant and other small business owners are warming up to new technology, giving Verifone and Paysafe a chance to sell their collaborative payment products.

Banks and payment companies have long been wary of the political and reputational risks of supporting gun sellers. But gun sellers know their customers better than most other merchant categories.

To detect and combat transaction laundering — the practice of hiding illegal activity behind a business that appears legitimate — American Express' investment group took a minority equity stake in EverCompliant.

As Diebold Nixdorf continues its evolution from decades as a leading manufacturer of standalone ATMs to a maker of omnichannel-connected banking, it’s created a new service leveraging the Internet of Things.

Patty Watson had a tenured career in the banking and payments industry before becoming a senior executive with TSYS. Her path included a 15-year stint with a financial institution that she found to be instrumental in developing her career as an innovator.