News Topic: Payment processing

TSYS has announced the resignation of Pam Joseph, less than 17 months after she joined the company as president and chief operating officer. ... Read full article

The machine is among the more commonly pitched solutions for high-risk merchants that can't normally handle payment cards because banks won’t partner with them. But for dispensaries, they can be a hassle. ... Read full article

In a move to strengthen the PayPal Working Capital program, the online payments giant has agreed to acquire the small-business capital lender Swift Financial. ... Read full article

Oracle Corp. is offering a payments application programming interface based on the ISO 20022 standard that will allow banks to more easily collaborate with fintechs and other third parties. ... Read full article

Merger creates a $20 billion payments processor; government seeks to delay fiduciary rule so it can make revisions. ... Read full article

Vantiv, the largest U.S. merchant acquirer, agreed to buy the e-commerce payments company Worldpay Group for about £8 billion ($10.4 billion). ... Read full article

The regional bank will record a pretax gain of about $1 billion as it continues to shed its stake in the payment processor Vantiv. ... Read full article

Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future. The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online ... Read full article

The OCC says banks face growing “strategic risks” from trying to compete and team up with fintech startups; U.K. investor group wants banks to provide more nonfinancial information about their conduct and culture. ... Read full article

Vantiv acquired Worldpay, but JPMorgan's interest in an acquisition reveals its interest in payment processing. ... Read full article

Vantiv acquired Worldpay, but JPMorgan's interest in an acquisition reveals its interest in payment processing. ... Read full article

The merger of the U.K. and U.S. payments processors carries both benefits and risks; Duperreault taps Marsh & McLennan veteran. ... Read full article

The deal partners said the cost savings opportunities and international reach presented by the combination were appealing, and JPMorgan Chase said it won’t make a bid after being invited to consider an offer. ... Read full article

Most fintech startups fall into one of two camps: those that want to compete with banks and those that want to save banks from themselves. Ripple is the rare exception that wants to do both. ... Read full article

First Data hopes to enhance its ability to integrate payments with other merchant services by acquiring the processor and technology company CardConnect, which is already one of First Data's largest distribution partners. ... Read full article

Nasdaq and Citi are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments. ... Read full article

The global messaging network Swift and its fintech challenger, Ripple, have been vying for bankers’ hearts and minds for more than a year. Whoever prevails, their latest moves could bring needed change to how international banking is done. ... Read full article

The U.S. Supreme Court refused to revive a $5.7 billion settlement of retailer claims that Visa and Mastercard improperly fixed credit card swipe fees, in a rebuff that could mean years of additional litigation. ... Read full article