Payment processing

For the second time in less than a week, First Data has found an already speeding car to hop on board in the company's strategy to cover as many digital commerce bases as quickly as possible.

The Clearing House has become one of the first Mastercard-certified, third-party token service providers on behalf of issuing banks.

Online sales and software development are two of the most dynamic categories in the payments processing market, and First Data's acquisition of BluePay will give it inroads into both.

In recent years, there's been a lot of activity in payments M&A, but a few deals stand out — some for their size, and others for their ability to transform both parties in a fundamental way.

The Federal Reserve Board governor sketched out a future in which U.S. banks remain at the center of commercial transactions.

First Data posts an acquisition release in error, though it may eventually buy the company.

The first round of data is in following the Sept. 15 launch of same-day ACH debit payments, providing a snapshot of what Nacha expects will be a growing channel.

By turning itself into a pseudo payment facilitator as part of a new program, Elavon says it is in a better position to grow by offering services in a fast-growing sector.

UL Transaction Security has teamed up with Zurich-based payment software engineering firm Abrantix to create a robot to automate the typically tedious, manual process of payment terminal testing.

TSYS has added two executives to its board, including Thaddeus Arroyo, CEO of AT&T Business, and Richard Smith, who is chairman, CEO and president of Realogy Holdings Corp.

The Society for Worldwide Interbank Financial Telecommunication says its Global Payments Innovation service surpassed two million cross-border payments during September.

Barclays Plc will need to defend its advantages in the payments business from encroachment by technology companies including Amazon.com Inc. and Apple Inc., according to Chief Executive Officer Jes Staley.

Vantiv's $11.6 billion acquisition of U.K.-based Worldpay Group in August was the largest transaction in the financial technology and information sector during the third quarter of 2017, according to the latest report from investment bank Berkery Noyes.

Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough. And debit is filling the void.

Most financial institutions use outdated legacy systems that are siloed by factors such as lines of business and geography, writes Suresh Ramamurthi, chairman and CTO of CBW Bank.

In the digital age, a lot has changed about how businesses operate — and a lot of new data is being generated in the process. American Express is tapping into this data for instant credit decisions.

It has now been two years since the EMV fraud liability shift took effect in the U.S. for most companies. This is enough time to evaluate the EMV migration's effect on fraud, and whether it can be blamed for anything happening in digital channels.

In an enclosed campus like a college or hospital, people are eager to simply pay for their food and get back to their business. But streamlining the payment process isn't always easy.

Mastercard will invest $750 million in India in the next four to five years by continuing to acquire companies there, CEO Ajay Banga said this week.