Payment processing

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.

Square is diversifying its services for merchants to stay competitive and hopes its recognizable brand will play a major role.

The company wants to meet demand for corporate payments globally, especially in emerging markets.

Amazon's planned acquisition of Whole Foods adds more power to an already substantial marketing program for Amazon.

The central bank said the legal change would allow it to fully exercise the powers laid out in a clearing proposal from the European Commission.

A suit alleges former inmates in Arizona's state prison system were charged $15 fee for teller-assisted transactions, compared with other customers who were charged nothing.

As self-checkout gains steam, so does the risk for shrink, or intentional underscanning. There are some things retailers can do to mitigate the problem, including appealing to consumers' own morality.