PaymentsNews

On The Web

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Providers

Visa Stored Credential Framework: Processing Improvements for Vaulted Cards

“Visa recently announced a framework and new requirements for merchants that store payment methods for future transactions so their customers can check out faster online. The Visa Stored Credential Framework applies to all Visa transactions made with stored payment methods — regardless of whether they’re processed from Braintree’s Vault or via an external vault. This framework will be rolled […]
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Global

Brazil payments processor Cielo struggles against upstarts

“Brazilian payment processor Cielo SA’s once fat margins have been decimated by rivals who lease or sell credit card terminals to merchants for a fraction of what the market leader has long charged. Now Cielo is fighting back, offering services such as inventory management and market intelligence tools to justify its premium pricing and retain its […]
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Global

Worldline’s $2.75 Billion Deal For Six Payment Services Sets Stage For More Consolidation

“Worldline’s $2.75 billion deal to buy the payments unit of Swiss exchange operator SIX Group, announced on Tuesday, could herald more consolidation in the industry, SIX’s chairman told Reuters. France’s Worldline beat competition from U.S. bidders to land the SIX business, reflecting a drive by financial sector companies to gain scale to benefit from the […]
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Providers

As even small merchants sell globally, payments industry faces bigger demands

“Within the past decade or so, a growing number of payments platforms has targeted international e-commerce transactions, and with good reason. Research firm Forrester predicts that cross-border e-commerce will outpace domestic growth, with a compound annual growth rate of 17 percent between 2017 and 2022, compared with 12 percent for overall B2C ecommerce.”

On The Wires

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Providers

Aliant Payment Systems Launches Domestic Crypto Payment Solution

“Aliant Payment Systems, a U.S. based provider of merchant services and payment processing, announced today that it has developed a new domestic crypto payment solution that offers merchants next day payouts. The payment solution, which was designed in-house, processes crypto payments for new and existing merchants and converts cryptocurrency to USD. It features a new […]
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Providers

Gap Inc. Selects Adyen As Payments Partner

“Adyen’s payment technology will be rolled out in over 150 stores across four countries – UK, France, Italy and Ireland – and will enable Gap Inc. to provide a consistent experience across different markets. The online business for both Gap and Banana Republic will also use the payments platform, offering a unified experience across online and in-store.”
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Providers

Galileo and Robinhood Partner on Robinhood Checking & Savings

“Galileo, a leading and trusted technology partner for fintech and payments, today announced that its technology and know-how is helping to power Robinhood Checking & Savings, unveiled this morning in a blog post from Robinhood. Galileo’s highly customizable payments infrastructure has been integrated into Robinhood Checking & Savings, which earns three percent annual interest, has no fees, […]
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Providers

Bank of America Merchant Services and talech Team Up to Meet the Unique Needs of Full-Service Restaurants and Bars

“Bank of America Merchant Services, a leader in payments, eCommerce and security solutions, and talech, a pioneer in cloud-based restaurant management software, are teaming up to help full-service restaurant and bar owners with one or more locations run their businesses more efficiently through a new, innovative point-of-sale solution.”
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Companies

First Data to Support Royal Bank of Scotland to Deliver Merchant Services to U.K. Businesses

“First Data (NYSE: FDC), a global leader in commerce enabling technology, announced today it has signed an agreement with Royal Bank of Scotland Group (RBSG) to provide merchant services to business customers throughout the U.K. This aligns with RBSG’s commitment to provide the very best service to its customers and will be supported by First […]
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