“Historically, the merchant acquiring business has had a rather staid image: local, offline, physically intensive, processing heavy, and lacking the software element of new-age business. Bank driven, it lagged in penetration and was profitable only to those with scale. But with a surge in e-commerce and a long tail of small merchants waiting to be digitized, acquiring is newly dynamic—and increasingly attractive to banks and fintechs alike. What was once a routine processing business is now pioneering new payments models across Southeast Asia and globally.”

“J.P. Morgan will support Paysafe in providing robust and scalable payment gateway and acquiring services for businesses across multiple sectors where Paysafe offers specialised solutions and expertise. This includes the travel industry, for which Paysafe has developed new and innovative ways to support businesses with flexible and tailored services as the sector continues to re-open following the pandemic.”

“Deutsche Bank AG wants to get back into the suddenly valuable business of digital payments, nearly a decade after getting out of it. Germany’s largest lender is setting up a joint venture with U.S. payments giant Fiserv Inc. to offer customers payments-processing services. The joint venture will allow Deutsche Bank’s business clients to accept payments from customers, both in person and digitally, through Fiserv’s platform called Clover, which reads credit cards, debit cards and mobile wallets, and records orders and inventory. Deutsche Bank is eager to re-enter the payments market after it sold the business in 2012 to the U.S.-based EVO Payments International LLC.”

“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 100 countries, all accessible from a single platform and managed from one contract reconciliation process.”

“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. When integrated with Access Worldpay, merchants can build their payment systems to meet the demands of modern consumers using advanced data analytics, tokenization and fraud protection to improve authorization and conversion rates.”

“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, counsel at the Washington, D.C., office of Perkins Coie LLP, estimates 15% to 20% of his merchant clients recently have received notices from their processors that they want to at least discuss the possibility of adding to their reserves. He didn’t have figures on how many actually have had increases.”

“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.”