Payment processing

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.

When it comes to filling up at the gas pump and making other everyday purchases, consumers are forgoing cash and using credit cards and debit cards. Retailers are upgrading their systems to keep up with changing payment trends, which is driving demand for payment service providers.

Vantiv had a specific vision in mind when acquiring Mercury Payment Systems two years ago to provide the ultimate playground for app developers to operate in a multi-channel world.

They say to dress for the job you want, not the job you have, and First Data's Clover operation did just that.

Visa and PayPal have been at war for as long as PayPal has existed, and their recent cease fire could allow both companies to overcome the barriers they have spent years building between the worlds of digital and in-store payments.

Mastercard is betting its $920 million investment in the U.K.'s VocaLink gives it a significant edge in many emerging technologies, particularly in regions where it is lagging Visa in traditional card-based business lines.

Paris-based SlimPay, which built a following among European consumers using its service to make online purchases directly from their bank accounts, is broadening its reach to the U.S.

The industry-led EMV Migration Forum is changing its name and expanding its focus to accommodate the myriad changes that are happening alongside the move to chip cards.

Profits rose nearly 3% at Discover Financial Services in the second quarter thanks to solid loan growth and a one-time tax benefit.

Verifone Inc. still faces challenges in certain aspects of its business, but the terminal manufacturer is learning with experience how to fit into the fast-changing world of omnichannel technology.

FIS is working with ATM processing and services provider Payment Alliance International to expand its Cardless Cash program nationally.

Google will provide McDonald's customers in San Jose, Calif., this weekend with free burgers as a promotion for its Hands Free payment app at any of 47 participating restaurants.

Spanish gasoline retailer Repsol this week augmented its Near Field Communication-based mobile payments services by launching an app enabling motorists to pay for fuel without leaving the car.

What's most intriguing to payments industry insiders is what Walmart left on the table when designing Walmart Pay, and what those decisions could mean for retailers and bank card issuers.

E-commerce seems to have a better memory than brick and mortar stores, quickly scrutinizing shoppers' purchasing and browsing habits to provide recommendations and offers to keep them coming back.

At least 30 countries have either implemented a real-time or near-real-time payments system or are in the midst of implementing or planning one.

Seven months after revealing its branded mobile payment app, Walmart is making Walmart Pay available in more than 4,600 of its stores throughout the U.S., with early figures indicating consumers approve of its "connected" app model.

Payments processor Vantiv Inc. and buyout firm Warburg Pincus are among suitors seeking to buy a U.S. payments business owned by Royal Bank of Canada and Bank of Montreal, according to people familiar with the matter.