Payment processing

Payments processor and technology provider Total System Services Inc. has begun a long-term agreement to provide debit transaction processing for Virgin Money customers in the U.K.

Verifone has extended its partnership with Worldpay, allowing the terminal manufacturer to provide point of sale software and hardware to Worldpay customers in the U.K.

Fifth Third Bancorp in Cincinnati will record a gain of $9 million during the fourth quarter after selling shares in the payment processor Vantiv.

While around 70% of U.S. merchant locations still aren’t ready to handle EMV card transactions, Atlanta-based merchant acquirer Elavon, a unit of U.S. Bank, can tell the opposite story: 70% of its merchant clients will be EMV-enabled by the end of this year.

Major wholesalers at Delhi’s largest fruit and vegetable market, which serves most of the capital’s nearly 17 million people, are planning to sell their products at bargain prices in order to move perishable stock as the impact of India’s cash shortages continues to bite.

As a payments industry professional, Reetika Grewal took the situation in stride, but her experience using mobile wallets and EMV exemplifies an issue many consumers are facing.

Banking and payments technology provider linked2pay has added the real-time payments platform from Push Payments to its services for bank clients.

The Clearing House, which is co-owned by the nation’s largest banks, has asked the Justice Department to conduct an antitrust review of its next-generation payments network. A thumbs-up from antitrust officials could prove useful in convincing smaller banks to join the effort.

Vantiv has been building omnichannel capabilities for years, and this deal will give that a boost.

Merchants without chip card readers are reporting that a few malicious customers have figured out how to game the system.

Any company that uses point of sale systems or technology is at risk.

ACT Canada has named Suzan Denoncourt, the country's managing director at Ingenico Group, to be co-chair of its board.

President-elect Donald Trump’s well-publicized plan to build a border wall and make Mexico pay for it could have significant ramifications for a major sector of the payments industry.

Furthering a relationship that placed Walmart on the closed-loop ChaseNet processing platform, Walmart has committed to accepting the Chase Pay mobile wallet in its stores and in-app.

Companies that provide services for brick and mortar merchants face the challenge of adding lots of technology in a short amount of time. This is a tough task from an execution space but a big opportunity to gain returns for investors.

The Federal Reserve is asking the payments industry for input on securing faster payments processing.

The China-based payments company has long sought to enter the U.S. market.

The technology behind bitcoin has almost endless use cases.

The two companies hope to reduce paper checks and speed processing by removing navigation for claims processing.

In a world filled with a growing number of options for instant and same-day payments, the paper check still holds strong as a barrier to innovation. But it could also be a sign of opportunity.