Payment processing

Three quarters of debit cards will have chips by the end of the year, but slow merchant adoption is limiting use, according to Pulse.

Payments technology is rapidly changing, but so is the broader environment for retailers, creating a need for flexible and diverse payment acceptance options.

The tough move from free to fee for its readers has Square adjusting its strategy to lure merchants, but it also opens the door wider to new markets, according to CEO Jack Dorsey.

Three months shy of the EMV liability shift’s one-year anniversary, issuers are making brisk progress but merchants are stuck at a crawl.

Visa announced Quick Chip four months ago, but until today the card brand has not had a place to showcase its faster EMV technology to merchants who feel burdened by the EMV payment process.

In the first half of 2016, the payments industry had its most active six months of merger-and-acquisition activity since the second half of 2014.

First Data Corp., the payments processor that went public last year, climbed after posting second-quarter profit that beat analysts’ estimates.

Many times, bitter rivals must set aside their differences for the common good. This has happened a lot in recent years as the payments industry adjusts to the fast pace of innovation.

Square will enable sellers to make daily bank deposits, adding another in a series of merchant-focused perks designed to diversify revenue streams and sweeten the company's appeal to businesses.

TSYS is beginning to integrate its $2.4 billion acquisition of TransFirst, an initiative the Columbus, Ga.-based processor hopes will substantially extend its ability to serve merchants in the high-pressure arena of multichannel commerce.