Payment processing

The Cincinnati bank says its investment unit is taking an equity stake in NRT Sightline to provide a wide range of banking and payments services to casino operators.

Same-day and real-time payment products are designed for basic transfers that don't meet the more complex needs of Lyft's ride-sharing service, contends Ashwin Raj, Lyft's vice president of payments.

TSYS has expanded its relationships with ISOs or entered into joint ventures with companies such as super ISO Central Payment. TSYS has been gradually increasing its stakeholder share in Central Payment as part of the collaboration.

A year after launching the same-day Automated Clearing House process for credit payments, Nacha says same-day ACH for debit payments began Friday.

Interswitch Ltd., a Nigeria-based payments-processing company, expects to complete its delayed dual listing in London and Lagos before the end of 2019.

Rather than waiting one to three days for funds through the Automated Clearing House system, merchants will be able to receive settlement payments straight to their debit cards within minutes through a partnership between Visa and the processor Vantiv.

The U.K.’s Payment Systems Regulator and the Bank of England have officially formed the New Payments Systems Operator (NPSO), a regulatory body that will soon replace three existing payment systems.

Shanghai-based Allinpay has become an acquirer for the Discover Global Network, enabling Allinpay merchants to accept all Discover and Diners Club cards in Hong Kong, Diners Club International announced this week.

The open tech that powers added data sharing has already resulted in security events, writes Stephen Singham, managing director of security research at Distil Networks.

While the EMV fraud liability shift for most companies passed nearly two years ago, there are still pockets of stores that haven't switched over — and they can be particularly prone to the kind of fraud chip cards are designed to thwart.

First Data is one of many payments companies working to get its customers back up and running in the wake of the severe storms, but it's also a victim — its center in Sugar Land, Texas, suffered flooding, causing the Atlanta-based company to set up operations at a hotel in Houston for 400 staff.

Fifth Third's Melissa Stevens targets millennials with new app. Meanwhile, regulators are accused of ignoring millennials. Plus, a Goldman Sachs wealth manager sues for discrimination.

As the next step of Nacha's faster payments initiative nears, technology and management adjustments may be required to handle increased overdraft risk.

The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

SIA also plans to power payment cards in other currencies for solarisBank.

Snap Finance provides credit at the point of sale, primarily to consumers with bad credit.

Online payments and services provider Secure Trading will partner with payments marketplace COMO Global S.A. to make its gateway and acquiring services available to more providers and merchants worldwide.

Costco is testing self-checkout lanes at some of its U.S. stores as part of a push to speed up the brick-and-mortar shopping experience.

New European standards require greater data sharing to accommodate faster transaction processing, mobile payments and other digital efforts — a trend that is also inspiring new collaborations across the pond.

A situation brewing in movie theaters that hinges on card network rules could have broad implications for the entertainment industry.