"With digital and physical commerce melding, Fiserv Inc. intends to position its Carat platform as the engine to enable providers such as Alphabet Inc.’s Google unit and merchants to process transactions across both channels. Fiserv took a big step in that direction last week when it announced it will enable petroleum giant ExxonMobil to deliver new commerce experiences at the pump through the newly enhanced Google Pay mobile application. Fiserv plans also to drive offers through the digital wallet, says Nandan Sheth, head of global digital commerce for Fiserv."
A core component of Glenbrook’s methodology for assessing a merchant’s payments operations includes review of certain processes managed by the business’s accounting team, particularly the level of effort required to reconcile payment activity. The business’s accounting team is responsible for a variety of fundamental financial activities, including record keeping and reporting, accounts payable and receivable, […]