Payment processing

The OCC says banks face growing “strategic risks” from trying to compete and team up with fintech startups; U.K. investor group wants banks to provide more nonfinancial information about their conduct and culture.

Long wait times and improved marketing are a couple of reasons retailers should consider their own apps, writes André Stoorvoge, director of product marketing for payments at Rambus.

First Data has entered into several partnerships and made acquisitions as it attempts to diversify its product line to adjust to the growth of digital payments.

Vantiv acquired Worldpay, but JPMorgan's interest in an acquisition reveals its interest in payment processing.

The merger of the U.K. and U.S. payments processors carries both benefits and risks; Duperreault taps Marsh & McLennan veteran.

Vantiv's transaction enables it to offer payments technology in more channels, more markets, and entice grocers with services to counter Amazon.

InstaReM plans to use the investment to accommodate rapid volume expansion.

American card processor has a deal for its British counterpart; after passing Fed tests, banks still stressed by weak lending, low interest rates.

The deal partners said the cost savings opportunities and international reach presented by the combination were appealing, and JPMorgan Chase said it won’t make a bid after being invited to consider an offer.

U.S. private equity firm Hellman & Friedman LLC is among the companies to have shown interest in Nets, which is working with a financial adviser to review options after getting inbound interest.

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey.

Real-time payment processing is drawing more attention to tangible use cases, such as helping workers pay bills that are due before they receive their salary.

Global payments technology provider ScanSource has agreed to purchase POS Portal, a payment device supplier to the small-business market, for $145 million.

After two years of getting its footing in the U.S. and South American markets, Poynt is ready to expand into Europe.

The move to faster processing has a lot of names, but the most important advancement will be the certainty that the transaction was successfully completed, writes Gene Neyer, head of industry and regulation at Finastra.

Visa said its investment in Klarna will advance online and mobile commerce across Europe, but there are broader implications for other markets and consumer groups.

Particularly at risk are service providers with high volumes of automated or customer-initiated debit payments, such as cell phone service providers, utilities, cable companies, insurance, and retailers.

With this latest batch of new contracts, the credit union service organization now counts 23 of the 25 largest CUs as clients.

Users shop and make selections in a catalogue through eye motions via the headset, and use the same approach to pay.

Payment companies have lots of emerging regulations. Regtech can bring together different stakeholders to ease compliance.