Payment processing

Maintaining Thrust While Your Industry Crashes

09/07/20

The travel industry was hit extremely hard by the coronavirus pandemic. WEX, a payments processing and financial technology solutions organization with offerings for corporate travelers, felt the shockwave first hand.

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Better data is key to beating bias in small-business lending

08/05/20

The increased use of technology, along with holistic data points, can eradicate racial and gender disparity for fintech lenders in small business, says Become’s Eden Amirav.

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Contactless payments will miss the boat without 'in time' funding

07/28/20

Digital wallets arguably reached a tipping point this spring when contactless payments jumped 40% in response to concerns that cash and payment terminals were helping to spread the coronavirus, Vidya Peters of Marqeta writes.

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PPP recipients seek forgiveness help; processors delay paying out funds

06/15/20

Borrowers say getting the loans forgiven is just as complicated as obtaining the money; payment companies are holding some merchant funds in reserve as chargebacks spike.

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Mom-and-pop shops left holding bag in consumer card disputes

06/12/20

Payments processors are keeping a portion of payments as a reserve against potential disputes between cardholders and merchants. Small-business owners say the practice is eating into their profits.

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Not all payments can be processed at home: How one JPMorgan team managed

05/28/20

The lines of white cooling trailers that silently announce the scale of the tragedy are what lockbox employees at JPMorgan Chase see on their way to work.

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The American payment system was ready for the coronavirus pandemic

04/27/20

The modern-day payment system was, over the last two decades, tailor-made for the shelter-in-place conditions many now live and work under today.

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Dimon ‘open-minded’ on deals; CFPB would permit ‘zombie’ debt collection

02/26/20

JPMorgan would consider buying other businesses; collectors would be allowed to pursue debt past the statute of limitations, if they warn borrowers.

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Santander acquiring Elavon’s Mexican operation

02/25/20

Banco Santander’s global digital transformation has led it to Mexico, where the bank has agreed to acquire U.S. Bancorp’s Elavon Mexico merchant acquiring unit for about $84 million.

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Visa planning biggest changes to swipe fees in a decade

02/04/20

Higher rates are looming for transactions on e-commerce sites, while merchants in certain services categories, such as real estate and education, will see fees decline, according to a document Visa sent to banks.

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