Payments

Fiserv in Brookfield, Wis., has agreed to buy the community financial services business of ACI Worldwide for $200 million in cash.

More companies are using installment payments to lure consumers away from credit cards, and MasterCard is testing a model that could lure them back.

Union Bank & Trust Co. in Nebraska was an early supporter of Apple Pay. With that platform sputtering, the bank is now looking at additional ways to stay ahead of the mobile-wallet curve.

It may seem odd for a vendor of payment acceptance hardware to discredit EMV security, which is commonly seen as a catalyst for hardware sales, but that's exactly what MagTek is doing.

Consumers’ growing dexterity with banks’ mobile apps has been a welcome shot in the arm for card-linked, merchant-funded marketing programs.

To promote Android Pay, Google dangled up to $25 in gift cards to boost enrollment. Now the web search giant is offering a different set of rewards to spur repeat usage of the mobile payments service.

Ingenico Group has unveiled a new brand, Ingenico ePayments, as the latest step for the payment terminal maker in its evolution to becoming a provider of diversified global payment services.

As Square and PayPal push business financing, American Express is adding extra funding options to give businesses a lifeline when spending needs a spike.

First Data has unveiled Clover Go, a new EMV-enabled card reader for mobile devices and the latest device in its Clover mobile point of sale product line.

The Barclaycard app now will allow Near Field Communication-enabled contactless payments on supported Android devices.

Apple Pay's international expansion has been slow enough that other mobile wallet providers are working to get out in front in markets such as Latin America.

A year ago, a few trends were already clear to us, but many were just taking shape. Here's what we told you to expect from 2015, and how each of these predictions played out.

Cash remains the payment method of choice for nearly four out of five consumers needing to pay someone back, including the notoriously tech-savvy millennials.

Sometimes a big crash throttles the peloton and gives a few riders a chance to breakaway. In 2016, that is what we will see in the world of mobile payments. As EMV and Loyalty 1.0 eat the pavement, they will enable mobile payments, Loyalty 2.0 and new Uber-style apps to separate from the pack.

Bank chiefs should brace for a barrage of questions about economic uncertainty, if JPMorgan Chase's experience after releasing fourth-quarter results is any indication. Double-digit increases in loans and profits were not enough to stave off questions about the odds of recession, energy risks and adequacy of reserves.

Apple Pay made a big splash when it arrived in late 2014, but has made few ripples since then, as consumers stuck to their old payment habits and banks in international markets proved reluctant to provide their support.

Through a partnership with Intel, terminal maker Ingenico Group has developed a contactless payment technology that is being used in a Panasonic tablet.

The majority of consumers, or about 70%, still rely exclusively on banks for their financial services, but that figure will likely slip below 60% within the next five years as technology companies chip away at banks' grip on financial services, a new survey from TransferWise, a London-based money-transfer company, predicts.

The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling payments in three to five days currently to same-day settlement in September and faster payments beyond that.

PayPal Holdings has named the head of a cryptocurrency firm to its board.