Payments News

On The Web

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Providers

Incomm Flexes It’s Muscles Within the Prepaid Value Chain

“This announcement changes the business’ public perception of InComm’s capabilities, they have always been known as a distributor and major processor for the gift card industry, but not in the General Purpose Reloadable (GPR) space.  This exposes the strength of InComm’s money distribution system that is spread among retailers throughout the United States which will […]
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Providers

Merchant acquirer Evo Payments sets terms for $210 million IPO

“Evo Payments, which provides payment processing services to merchants and financial institutions, announced terms for its IPO on Thursday. The Atlanta, GA-based company plans to raise $210 million by offering 14 million shares (5% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Evo Payments would command a […]
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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.”
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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 […]

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 […]