Payment processing

The changing demands of consumers who are increasingly mobile, and the emergence of disruptive technology, are changing the payment model for financial institutions.

Many points of research show that as many as half of small businesses suffer from cash flow problems. In fact, the majority of small business owners cite cash flow as their number one challenge.

When Apple revealed that Starbucks plans to accept Apple Pay in its U.S. stores, the move spoke less to Apple's persuasiveness and more to the fallout of the country's ongoing shift to EMV security.

Apple Inc. is rolling out its mobile-payments service for select Starbucks Corp. stores by the end of the year, and will reach 7,500 company-owned stores in 2016, the coffee chain said in a statement. KFC stores and Chili’s Grill & Bar will make Apple Pay available in next year as well, Jennifer Bailey, the Apple vice president in charge of the service, said at the Code/Mobile conference Oct. 8.

When Cumberland Farms said this month that it had processed $1 billion worth of gas via its decoupled debit card over the course of nearly three years, it was the latest example of the power of the decoupled debit card. And yet, other than Target's RED card, decoupled debit has barely moved beyond the convenience and petroleum segment.

JetPay Payment Services has chosen debit technology and processing veteran Thomas Tesmer as its new chief operating officer.

Like everywhere else on the planet, African retailers are struggling with the mobile payment chicken-and-egg dilemma — how can they accept mobile payments if consumers aren't using the technology?

Gas stations have had a complicated relationship with mobile wallets. Pump hardware is notoriously difficult to upgrade, and besides that, many consumers believe that it's a fire hazard to use their phones while fueling up.

Wal-Mart Stores Inc. and Visa Inc. are in talks aimed at settling the retailer’s $5 billion lawsuit over processing fees.

The gaming market is evolving and becoming more lucrative by the year. As developers continually aim to recreate new ways to monetize game content, mobile payment operators hold a unique position in this profitable market.

FPS Trust Co. and its sister company HealthSavings Administrators have integrated technology from the processor Total System Services into their operation.

Twitter Inc. named co-founder Jack Dorsey as chief executive officer, betting its co-founder and former leader will be able to revive fortunes at a social-media company that failed to impress investors following its 2013 initial public offering.

It was expected that e-commerce giant PayPal would develop and complete new partnerships after its official spinoff from eBay Inc. last summer.

In time for the EMV liability shift, Moneris announced the launch of eight new point-of-sale tools compatible with the chip technology.

Like campaign managers at the end of a long election trail, top payments executives spent the final hours leading up to and shortly after the official EMV liability shift launch supporting the efforts of the past four years and providing the latest details on chip-card migration.

First Data Corp., the payments processor taken private by KKR & Co. eight years ago, is seeking to raise as much as $3.2 billion in what’s poised to be the biggest U.S. initial public offering this year.

U.K. e-commerce firm Powa Technologies is teaming up with Mexico-based point-of-sale software provider Sophitech to launch a tablet-powered cash-out counter for Mexican businesses.

Western Union and Walgreens have come together to offer a new bill payment service.

The Alibaba Group is pouring more money into Indian payments powerhouse Paytm, with one report putting the investment at the equivalent of about $680 million, giving Alibaba control of 20% of Paytm's parent company, One97 Communications.

When Samsung Pay launched in the U.S. on Monday, it did so on schedule but with less issuer support than had been expected, with only Bank of America, Citi, American Express and U.S. Bank announced as participants.