Payment processing

Walmart and Visa have had a long and volatile relationship, and the retailer's latest lawsuit against the global card brand gives voice to a struggle that many other companies are too small to fight.

To expand the reach of its global e-commerce services, Ingenico ePayments is building up a vast network of connections to merchant acquirers, hoping to gain a competitive edge as the demand grows for omnichannel payments.

Merchants that now accept EMV-chip cards at the point of sale are not happy with the user experience, and First Data sees itself in a position to help.

Global EMV consultant and system tester Fime will provide end-to-end certification services for terminals and acceptance systems using the Discover Network and Diners Club International payment applications.

Banks and their merchant clients face a costly problem stemming from how prepared they are to deal with attacks that sidestep the point of sale.

Despite the enormous upside, mobile wallet adoption rates remain relatively low, persistently underperforming expectations.

MagTek CEO Annmarie ‘Mimi’ Hart is eager to witness the potential of futuristic payment technologies, from wearables to ‘edibles’ and ‘injectables.’ But first, she must work with the merchant community to address the shortcomings of today’s approaches to payment security.

McDonald's has been at the fore of many new digital initiatives around the world, and it has played a significant role in demonstrating how MasterCard can flex its international scale to build new services and avoid being disrupted.

With the backdrop of a tough financial second quarter, Apple executives both sang the praises of Apple Pay's uptick in consumer use and admitted the company has to view the mobile payment service as a future money maker rather than a key contributor now.

Vantiv named Stephanie Ferris chief financial officer, promoting her from deputy chief financial officer, a post she has held since September 2015.

The hurdles to broader EMV adoption in the U.S. have many causes, but to the consumer the end result is typically the same: A longer payment process with no immediate gain.

KKR & Co. reported a loss for the first quarter after its biggest investment, in payments processor First Data Corp., lost a fifth of its value, highlighting the heightened exposure a private equity firm takes on when it bets its own money on a company.

U.S. Bancorp said Friday that it has agreed to sell its majority stake in a Brazilian technology division of its Elavon payments processing subsidiary.

First Data Corp., the payments processor that went public last year, halved its losses in the first quarter as revenue increased.

MasterCard will vault itself deep into the faster payments landscape and position itself better to compete with Visa in the U.K. if a £1 billion acquisition of VocaLink unfolds as reported on a U.K. news site.

Ingenico Group is confident it can translate consumers' love for big-screen entertainment into a payments technology blockbuster.

In its quest to supply small businesses with services that go beyond payments, First Data Corp.'s Clover subsidiary is extending e-commerce website support to its merchant clients beginning next month.

J Sainsbury Plc, the British grocer caught up in a cost-cutting war with its supermarket rivals, sought to prevent secrets of how it sets its prices from being revealed to competitors as part of an industry-wide lawsuit over credit-card fees.

Ingenico Group has begun offering tools to address some of the complex challenges in developing EMV-enabled mobile point of sale applications.

When EMV came to market in Europe in the 1990s, it entered a world with a much less robust communications infrastructure than what the U.S. has today. So, following the launch of EMV in the U.S., Visa decided it was time to break some old habits.