Payment processing

Corporate clients are increasingly asking their banks to help digitize back-office processes. Such a move can help both parties save time and money.

The processor has launched its Integrated Solutions Group, a new segment that focuses on software development tools for integration with First Data platforms.

Vantiv Integrated Payments has launched triPOS Cloud, which allows independent software vendors to manage payments hardware from the cloud.

Montreal-based Acceo Solutions Inc. and Mastercard have formed a new partnership to expand Acceo’s in-store payment offering for global e-commerce merchants.

Payment companies' efforts to modernize by connecting systems through partnerships and acquisition has invariably caused a chain reaction of competitive issues in the eyes of regulators.

Discover and PayPal have signed an agreement to make PayPal payments available to Discover cardholders, acquirers and merchants.

One of the chronic flaws of retailer-driven loyalty programs is that often it’s hard to actually get the rewards. Consumers complain that it takes too long or steps required are too cumbersome to conveniently redeem their points.

Bank technology provider D+H Corp. is expanding its role in the expected launch of The Clearing House Real-Time Payments System by offering banks cloud-based testing to simulate a connection to that system.

Luminate Capital Partners has made an investment in Financial Information Technologies (Fintech), a company that sells data management, payment and software to the spirits industry.

Digital merchants don't necessarily have to open a store, but they can still benefit from the tactics of brick-and-mortar retailers, according to David Schwartz, vice president of e-commerce at Wix, a Tel Aviv-based technology company.

More than a year after leaving a top post at iPayment Inc., Philip Ragona is returning to serve the payments processor with new responsibilities.

Wal-Mart Stores Inc. reached an agreement to continue accepting Visa Inc. credit cards in Canada, ending the retailer’s threat to bar the world’s largest payments network from its 409 stores in the country.

Prior to the October 2015 EMV chip-card liability shift in the U.S., various merchant groups expressed concerns about factors that would keep them from meeting that deadline — some of which remain beyond their control.

Pax Global Technology has landed what it describes as a major deal to distribute its payment terminals to Chinese merchants through China UnionPay Merchant Services [UMS].

The time banks have to investigate red-flagged credit payments has shrunk from several days to a few hours and fraudsters have already taken notice.

BillGO says it has seen a 65% jump in customers signing up for its bill-pay app since its launch in late October, and it predicts a payment processor partnership with GlobalOnePay will bring scale it hadn't previously enjoyed.

One of the highlights of the holiday season for retailers has been the vast growth of e-commerce, but subscription businesses are also enjoying a sizable bump, providing a potential threat to more static retail gifting.

Australia’s central bank is set to deploy a new, faster payments system enabling near real-time payments for consumers and businesses that will roll out in 2017.

First Data's joining the trend of financial companies that are emphasizing family leave benefits heading into the new year, announcing new policies for caregivers.

Merchant acquirers say the industry has worked over the course of decades to improve its ethics. But some acquirers report that deceptive practices and dubious tactics still exist, and that the card brands could do a better job at enforcing their own rules.