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September 23, 2022

On the web

Merchant Acquiring at the Crossroads: An Industry Reinvents Itself (Asia)

McKinsey & Company

“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.”

March 9, 2022

On the wires

Paysafe Selects J.P. Morgan As Core Banking Provider

“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.”

June 21, 2021

On the web

Deutsche Bank Jumps Back Into Payments With Fiserv Deal

Wall Street Journal

“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.”

May 26, 2021

On the wires

PayMyTuition Supports Strategic Expansion in China With Selection of Fiserv to Enable Local Payment Methods for Overseas Services

“PayMyTuition, a leading provider of technology-driven global payment processing solutions for tuition payments, is supporting a strategic expansion in China with the selection of Fiserv to facilitate tuition payments for Chinese students attending colleges and universities overseas. Fiserv will enable PayMyTuition to accept payments using locally preferred methods and then settle the payment with the recipient institution in another currency. PayMyTuition integrates directly into educational institutions’ student information and accounts payable (AP) systems. As a result, students pay for their tuition without additional fees, while colleges and universities save time, human resources, and money.”

April 21, 2021

On the wires

FIS Opens New Growth Opportunities for Global Brands With Worldpay Domestic Acquiring Expansion Into South Africa, Nigeria and Malaysia

“Continuing to build its footprint as a leading global acquirer, financial technology leader FIS ® (NYSE: FIS) announced today that it is expanding its payment processing capabilities into the rapidly growing markets of Malaysia, South Africa and Nigeria. FIS has secured a domestic acquiring license in Malaysia to provide its Worldpay payment processing platform. In South Africa and Nigeria, FIS is offering domestic payment processing services through its previously announced agreement with payments technology company Flutterwave, a 2016 graduate of the FIS Accelerator program.”

October 22, 2020

On the wires

Alliance Data Selects Fiserv for Credit Processing Services

Alliance Data Systems Corporation (NYSE: ADS ), a leading provider of data-driven marketing, loyalty and payment solutions, today announced that its Card Services business, a premier provider of branded private label, co-brand and commercial card programs, has signed an agreement to transition credit card processing services to Fiserv (NASDAQ: FISV ), a leading global provider of payments and financial services technology solutions.”

October 20, 2020

On the wires

Worldpay from FIS Expands Operations in Argentina with Domestic Acquiring Capability

FIS ® (NYSE: FIS) today announced the latest expansion of its global footprint in the Latin American market by securing domestic card scheme acquiring licenses in Argentina. With the ability to offer local merchants in-country payment processing, Argentine sellers will have access to a broader set of Worldpay from FIS merchant solutions products and services for online commerce.”

October 6, 2020

On the wires

Agilysys & Shift4 Payments Renew Partnership Providing Integrated Hospitality Commerce Solutions

Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation hospitality software solutions and services, and Shift4 Payments (NYSE: FOUR), the leader in integrated payment processing, announced today an extension of their long-standing partnership to better enable a seamless guest journey for hospitality operators while increasing the market presence of both companies.”

September 18, 2020

On the wires

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

September 9, 2020

On the wires

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. 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.”

June 16, 2020

On the wires

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 capabilities that drive superior payments, giving them the ability to optimize customer experiences and minimize the time, effort and costs associated with managing their payments.”

June 15, 2020

On the web

Hit by Coronavirus—and a 30% Holdback by the Payment Processor

Wall Street Journal (paywall)

“Payment processors tell customers they will take care of the nagging details. But lately they are emerging as yet another headache for businesses hit hard by the new coronavirus. Processors like PayPal Holdings Inc., Stripe Inc., Square Inc. and Worldpay are making some businesses wait additional days or weeks to access funds deposited in their accounts, citing the need to protect themselves against possible losses when people who have bought airline tickets, vacation packages and some other goods and services seek refunds.”

June 9, 2020

On the web

Merchants Bracing for Higher Reserve Requirements From Acquirers

Digital Transactions

“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.”

May 11, 2020

On the wires

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 receive and process orders for pick-up from wherever customers are searching for dining options, including the restaurant’s website or the Clover app.”

April 14, 2020

On the web

Chase’s Merchant Volume Rose 5% Despite a ‘Tale of Two Cities’ First Quarter

Digital Transactions

“JPMorgan Chase & Co., parent company of the nation’s biggest bank-owned merchant acquirer, managed to pull off a 5% increase in processing volume in the first quarter despite the restrictions on economic activity that took force in many states in the second half of March to control the Covid-19 pandemic. The New York City-based banking firm on Tuesday reported merchant-processing volume of $374.8 billon versus $356.5 billion a year earlier. And sales volume on the bank’s credit cards— Chase is the nation’s largest general-purpose card issuer—plus its debit cards rose 4% to $266 billion.”

December 2, 2019

On the web

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.

May 13, 2019

On the web

A $90 Billion Fee Pool Beckons as BofA Considers First Data Split


Bank of America Corp. is about to decide just how big it wants to be in payments.    Executives at the lender have only weeks left to tell First Data Corp. whether they want to wind down a decade-old joint venture scheduled to renew automatically in mid-2020, according to an April regulatory filing. Known as Bank of America Merchant Services, the unit helps retailers and other clients handle electronic payments. But Bank of America could offer those services directly, potentially strengthening ties with customers and earning more.”

December 12, 2018

On the wires

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.”

November 9, 2018

On the web

Mash and Nets Partner For Pay Later Solution Across Nordics

Banking Tech

“Mash and Nets have teamed up to provide a “pay later” solution to merchants across the Nordics. As the name suggests, this will offer consumers an option to pay later for purchases while “enabling merchants to increase their average basket size, growing their business”. At the time of purchase a user can select the Mash option from a Nets enabled terminal for instant on-boarding and credit approval. Within 14 days, the consumers will receive an invoice to pay the balance in full or choose to convert the payment into a monthly instalment plan.”

October 31, 2018

On the web

Eye on Restaurants: BAMS Caters to Full-Service Restaurants; CardFree Launches Pay-At-Table

Digital Transactions News

“Payments provider Bank of America Merchant Services announced it and talech, developer of a cloud-based point-of-sale system that uses Apple Inc. iPads, are going after full-service restaurant and bar owners. Announced Tuesday, the deal will see BAMS, which is a merchant-acquiring alliance between First Data Corp. and Bank of America Corp., sell talech systems to its merchants.”

October 30, 2018

On the wires

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.”

October 29, 2018

On the wires

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 Data’s processing and support services and market-leading Clover smart terminals.”

July 24, 2018

On the web

UK Payments Regulator To Probe Card Acquiring Market


“The PSR says the review will explore whether the supply of card-acquiring services is competitive and works in the interests of merchants, and ultimately consumers. In particular, it will address concerns that acquirers are holding on to the savings they made from EU-imposed IFR interchange fee caps, which could indicate that some merchants – especially smaller merchants – are suffering “significant harm” because competition in the supply of card-acquiring services is not working well.”

May 11, 2018

On the web

Merchant acquirer Evo Payments sets terms for $210 million IPO

Renaissance Capital

“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 fully diluted market value of $1.2 billion.”

June 9, 2017

On the wires

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