Payments

The major technology companies that have chipped away at incumbent payment businesses face much larger competition from this year’s big processing mergers, but they’ve also bulked up through fundraising and product development.

Emphasizing its expansion into multi-channel payments, Credorax is partnering with mobile point of sale developer BBPOS to provide mobile POS solutions for independent software vendors and sales organizations across Europe.

The Federal Reserve Banks put the brakes on their planned migration of the ISO 20022 messaging standard, delaying a three-phased migration established in 2017 that targeted November 2020 as the start of that process.

Two months after a successful test to connect banks using the Global Payments Innovation service to faster payments rails in Singapore, Swift is launching a new service to connect with other domestic real-time payments systems.

When the payments industry's decision makers gathered in Los Angeles at SourceMedia's annual PayThink conference, certain topics dominated the discussion.

Boosted by companies like Klarna, Affirm and Splitit, payment installment plans have become a popular alternative to credit card debt for consumers — and business transactions are the next target.

Jane Fraser, Citigroup's CEO of Latin America, has helped the bank cut a deal with Mexico's new president that will result in a loss of swipe fees, but may help it gain customers long-term.

Among the highest-ranking women at Discover, Offereins is leading the push to improve gender equity at firms throughout the Chicago region.

In the last two fiscal years, the treasury and payments solutions unit that Haward-Laird runs has had the highest return on equity of all BMO Financial's business lines.

Increased adoption of The Clearing House’s faster payments system could put pressure on community banks and credit unions awaiting the launch of the Fed’s competing service, FedNow.