Payments News

On The Web

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Providers

Merchants Bracing for Higher Reserve Requirements From Acquirers

“The economy is slowly thawing from its Covid-19 freeze-up, but many card-accepting merchants are struggling with more chargebacks stemming from canceled trips, non-delivery of goods, or other reasons. And some of them also are dealing with demands from their merchant acquirers for more cash to fund reserve accounts. Payments and fintech attorney Darvin R. Davitian, […]
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Global

Presentation of the First European Acquirer of the MIR Card Scheme at the Russian-British Business Forum – The Roscongress Information and Analytical System

“We were waiting for an acquirer for the MIR card to be established in the UK. Demonstrating the potential of Russia’s financial services abroad is extremely important. Today, increasing the number of companies connected to acquiring, creating the appropriate infrastructure and assisting in connecting new organisations in the United Kingdom is one of our most important tasks,” said Boris Abramov, Russian Trade Representative in the UK.
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On The Wires

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Providers

Rapyd Launches Card Acquiring in Europe with Integrated Local Payment Method Acceptance Expanding its Global Network to Support Rising eCommerce Growth

“Rapyd, a global fintech as a service company announced today a major expansion of its European platform, adding end-to-end card acquiring capabilities to its industry-leading payments capabilities. Rapyd now offers the most comprehensive full stack payment acceptance capabilities in Europe including card acceptance through Mastercard and Visa, and support for local Alternative Payment Methods (APM’s) in over […]
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Providers

Access Worldpay Opens the Door to Leading-Edge Payment Options for Global Merchants

“FIS ® (NYSE: FIS), a leader in merchant and financial services technology, today announced its Access Worldpay gateway , a single point of integration for global merchants to quickly deploy a full range of advanced payment capabilities. Access Worldpay provides a single API for merchants to access the most powerful, leading-edge payment capabilities in the world. […]
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Providers

F1 Payments, Cross River and RS2 Partner to Offer Payment Processing Services

“F1 Payments , Cross River Bank (“Cross River”) and RS2 Software today announced their partnership to deliver best-in-class payment processing services throughout North America. F1 Payments will utilize RS2’s global processing platform and Cross River’s sponsorship service to process payments for physical and virtual businesses. Merchants gain access to breakthrough products and services with unique […]
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Domains

Clover Online Ordering Helps Restaurants Connect With Customers and Optimize Their Business

“As restaurants across the country have closed dining rooms in the face of COVID-19, they have shifted to take-out, pick-up and delivery models, creating a heightened need for an online presence and digital ordering capabilities. In response, the launch of Clover Online Ordering was accelerated to enable restaurants that utilize the Clover point-of-sale platform to […]
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Providers

First Data and China CITIC Bank International to Join Forces with Launch of New Merchant Acquiring Solutions

“Global leader in commerce-enabling technology First Data (NYSE: FDC) and Hong Kong-based pioneer in mobile banking China CITIC Bank International Limited (CNCBI), announce a partnership with the launch of a comprehensive range of merchant acquiring solutions including point of sale terminals, eCommerce solutions and other value-added services in Hong Kong.”