Payments News

On The Web

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Companies

BofA to End Payments Joint Venture With First Data Next June

“Bank of America Corp. said it will end a payments joint venture with First Data Corp. next June when a contract between the two companies expires.    The firms will continue to provide delivery of products and services for existing clients through at least June 2023, but will otherwise pursue independent merchant-services strategies next year, […]
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Global

Nigeria’s Largest Mobile Operator Is About to Become a Bank

“The fledgling mobile money market in Nigeria is about to get a major shake-up. MTN Nigeria, the country’s largest telecoms operator, has been granted a “super agent” license which allows it set up an agent network through which it can provide financial services. It’s the first step in MTN’s plans to finally roll out mobile […]
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Security

UniCredit Investigating Data Breach Possibly Related to Capital One

“UniCredit SpA is investigating the possibility of a data breach that the Italian lender believes could be related to a similar hacking incident at Capital One Financial Corp. COF 1.33% , according to a person familiar with the matter. The company is examining whether a directory held on a cloud server was accessed without authorization, the person […]
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Providers

Revolut Launches Stock Trading in Limited Release

“Fintech startup Revolut is launching its stock trading feature today. It’s a Robinhood-like feature that lets you buy and sell shares without any commission. For now, the feature is limited to some Revolut customers with a Metal card. While Robinhood has completely changed the stock trading retail market in the U.S., buying shares hasn’t changed […]

On The Wires

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Companies

Visa’s Fintech Fast Track Program Goes Global With Launch in U.S.

“Visa today announced the expansion of its popular Fast Track program to the United States in conjunction with a large and growing network of partners.  Fast Track aims to speed up the process of integrating with Visa, to allow nimble start-ups the ability to more easily leverage the reach, capabilities, and security VisaNet, the company’s […]
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Domains

POSaBIT Launches Fully Compliant Mobile Payments Technology for Cannabis Industry

“POSaBIT , a leading financial technology company delivering unique blockchain-enabled payment processing and point of sale (POS) systems for cash-only businesses with a focus on the cannabis industry, announced the rollout of its fully compliant mobile payments system for dispensaries across states. POSaBIT’s new handheld device allows for compliant processing of mobile delivery that could […]
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Deals

FIS Closes Acquisition of Worldpay, Enhancing Its Global Technology Leadership Serving Merchants, Banks and Capital Markets

“FIS  today announced the closing of its acquisition of global payments leader Worldpay, Inc., creating a global leader in technology and solutions for merchants, banks and capital markets. The combined company will have over $12 billion in pro forma revenue and more than 55,000 employees. With a best-in-class portfolio of solutions for payments, banking and […]
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Companies

ACI Worldwide’s Mobile Payments Technology Supports Pay-In-Aisle Launch of British Convenience Food Retailing Giant, Co-op

“ACI Worldwide , a leading global provider of real-time electronic payment and banking solutions , today announced that its mobile payments technology is an essential component of the Co-operative Group’s new Pay-in-Aisle App. The Co-operative Group (Co-op) is one of the UK’s largest convenience food retailers with more than 2,600 stores and fuel sites across […]
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Domains

Visa and J.P. Morgan Help Businesses Make Payments Faster With Billtrust’s Business Payments Network

“Visa and Billtrust today announced that J.P. Morgan will utilize Billtrust’s Business Payments Network (BPN) , streamlining the delivery of electronic B2B payments for J.P. Morgan Commercial Card clients. Participating clients will now be able to utilize BPN’s connected platform of suppliers to send and receive digital payments more efficiently and quickly.According to Levvel Research, […]
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Domains

Sionic Mobile To Offer No-App Mobile Pay at Gas Pumps

“Sionic Mobile is proud to announce it is making mobile payments at gas pumps possible without requiring a mobile app. Sionic Mobile, a leading provider of cloud-based connected commerce services, is integrating its secure, zero-friction ULink™ service with Gilbarco Veeder-Root’s Passport® Point-of-Sale solution at fuel dispensers. The integration of ULink into Passport enables fast and convenient […]