Payment processing

The legal marijuana market has had difficulty establishing banking relationships, given the disparities in local and federal regulation of cannabis sales. SinglePoint Inc. is developing a bitcoin-based option to address this concern.

Merchant acquirers are racing to sell "integrated payments," or a one-stop shop for transaction processing and myriad other services that stores can tie to the point of sale. But small to medium sized businesses are not often the targets for these efforts.

Attacks like the WannaCry ransomware require issuers to educate staff and shore up technology defenses, writes Bob Antia, cheif security officer of Unitrends.

Processors are investing billions of dollars to build huge menus of tools for retailers that may no longer have the time to work with multiple vendors. These transformations are years in the making, and each investment or acquisition has the potential to dramatically change the competitive landscape.

First Data hopes to enhance its ability to integrate payments with other merchant services by acquiring the processor and technology company CardConnect, which is already one of First Data's largest distribution partners.

Hackers installed software to grab customer data from point of sale systems earlier this spring.

Big-box retailers have beat back banks’ latest attempt to kill a legislative provision that has cost lenders billions of dollars in lost revenue. Known as the Durbin Amendment, the measure was included in the 2010 Dodd-Frank Act to limit how much money banks can charge retailers when consumers use their debit cards.

Netspend is focusing on "overlooked and emerging segments" to expand its prepaid card services, according to company president Chuck Harris. And it's making some very unconventional alliances along the way.

Calling it a first in international payments, the Society for Worldwide Interbank Financial Telecommunication [Swift] is providing a cross-border, real-time payments tracker for banks handling global transactions.

The Internet of Things is making it possible for POS terminals to be connected to all sorts of applications and devices, which helps improve customer experience, but also makes these systems more vulnerable to hacking attacks.

Nasdaq and Citi are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments.

Nasdaq Inc. and Citi Treasury and Trade Solutions are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments on Citigroup's business services platform.

Diebold Nixdorf, on a mission to expand its omnichannel banking and retail offerings, has formed a strategic partnership with Kony Inc., a maker of white-label mobile applications.

Collaboration has now become a constant theme in the payments industry, where longtime enemies are putting aside their differences to survive in the fast-paced digital world.

For years, William Shatner plugged Priceline, an online portal to take costs out of travel by pitting hotels and airlines against their rivals. A similar idea is taking shape in the market for payment providers.

WEX Card Australia has announced two agreements with Chevron International to handle the petroleum retailer's fuel card processing in five countries in the Asia-Pacific region.

Starbucks Corp., the world’s biggest coffee-shop chain, suffered crashes at some of its payment systems following a routine technology update.

One of the goals behind Canada's payments overhaul is to get it right the first time.

A handful of misconceptions about Latin America keep many U.S. payments companies out of the region, but the opportunities are too great to let those preconceived notions interfere, according to Sally Baptiste, who helped McAfee take its product south of the border.

With over five years of experience in handling real-time business-to-business payments, Transpay has learned that there's more to faster payments than just moving funds. The system has to accommodate a cleaner, rapid process for resolving any issues that arise along the way.