A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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May 8, 2023
On the web
FinServ Ahead Of The Pack In API Transformation
Information Security Buzz
April 24, 2023
On the wires
Small Businesses Can Accept More Mobile Payments via Clover with Addition of Tap to Pay on iPhone
Business Wire
April 19, 2023
On the wires
Digital Issuance from Fiserv Eliminates Physical Debit Card Wait
Businesswire
April 13, 2023
On the web
Salem Five Among Financial Institutions Set to Launch the FedNowSM Service with Fiserv
Fiserv, Inc.
April 10, 2023
On the wires
Bankjoy Announces Integration with Fiserv Portico
Businesswire
March 20, 2023
On the wires
Fiserv and Central Payments Deliver Modern Issuing Capabilities to Fintechs and Financial Institutions
Businesswire
March 1, 2023
On the wires
Carat from Fiserv Introduces First-to-Market Capabilities to Help Enterprises Optimize Delivery Services
Businesswire
January 31, 2023
On the web
Fiserv Looks to Support New Payment Flows with Major Payment Institution License from Monetary Authority of Singapore
EIN News
January 23, 2023
On the wires
BNY Mellon and Fiserv Expand Real-Time FX Rate Quotes Capabilities for Payments from U.S. Financial Institutions
PR Newswire
December 19, 2022
On the wires
Wedge and Fiserv Enable Financial Institution Access to Innovative Programmable Payments Capabilities
PR Newswire
“Wedge, the fintech company on a mission to make consumer’s dollars go farther by bringing the power of the markets and programmable payments to everyday spending, is bringing its capabilities to AppMarket from Fiserv, a collaborative online marketplace where financial institution clients of Fiserv can easily access transformative technology. This will allow Wedge to bring its technology to more financial institutions more efficiently and accelerate its growth trajectory. In addition, Wedge will leverage a real-time fintech ledger and debit issuing capabilities from Fiserv to further its goal of revolutionizing consumer spending. Wedge is an innovative fintech solution that allows users to spend from multiple fiat accounts and assets with a single card.”
November 28, 2022
On the web
Real-Time Payments In U.S. Marks Fifth Year — FedNow Coming In July
“To mark the fifth anniversary of real-time payments in the U.S. The Clearing House (TCH) and Jack Henry launched a flurry of statistics which cast a bit of an obscuring haze over the topic. TCH says its RTP network reaches 62% of all demand deposit accounts in the U.S. and 85% of insured depository institutions have technical access to the network through more than 20 technology solutions providers, including Jack Henry & Associates, FIS, Fiserv, COCC, Finastra and Shazam. The Clearing House is eager to show that it provides services for small banks and credit unions and isn’t just a network for the major banks.”
October 31, 2022
On the wires
Carat from Fiserv to Fuel the Future of Commerce at More than 5,500 Sunoco Locations
“Sunoco LP, the largest independent fuel distributor in the United States, has chosen Carat from Fiserv to optimize its commerce model and unify consumer experiences at the convenience stores, independent dealers, and retail locations Sunoco serves across the country. Leveraging the omnichannel commerce capabilities of Carat, Sunoco will be able to connect purchasing experiences for Sunoco customers in-store, in-app, at the pump, and even in-car. Through a single API integration, Carat will simplify how Sunoco connects third-party technology providers across channels and consumer devices, enabling new customer interactions that maximize loyalty and drive more commerce.”
October 20, 2022
On the web
Financial Institutions Can Detect and Deter Account Takeover Fraud with First-of-its-Kind Solution from Fiserv
Businesswire
“Financial institutions can enhance their ability to detect and prevent account takeover fraud with a first-of-its-kind solution from Fiserv, Inc., a leading global provider of payments and financial services technology solutions. Rather than delivering traditional point-in-time snapshots of customer interactions, AuthHub from Fiserv updates customer profiles dynamically as information changes and more data is collected, providing a reliable 360-degree view of customer behavior across all payment types and channels. AuthHub is informed by customer interactions from a broad range of payment types and payment channels including card-present and card-not-present debit and credit card transactions, Zelle® transactions, ATM transactions, online and mobile banking activity, call center contacts, wire transfers, ACH transactions, and electronic bill payments. A score is generated for each interaction along with a decisioning recommendation for authentication, verifying that the customer is performing a legitimate transaction.”
October 19, 2022
On the web
Financial Institutions and Fintechs Can Empower Cardholders with Programmable Payments from Fiserv and IncumbentFI
Businesswire
“Financial institutions, fintechs and enterprise businesses can transform their card programs by empowering cardholders with new programmable payments capabilities from Fiserv, Inc. , a leading global provider of payments and financial services technology solutions, and IncumbentFI, a provider of processing services that streamline collaboration between card issuers and fintechs. Programmable payments are particularly well suited to how consumers pay today, allowing cardholders to link multiple funding sources to a single payment card and prioritize a specific funding source based on the type of payment transaction. Funding sources may include a demand deposit account (DDA), health savings account (HSA), rewards points, cryptocurrency, or a line of credit, among others, enabling the universal payment experience needed for a card to achieve top-of-wallet status. Financial institutions and fintechs can further differentiate their card programs and add more value for their cardholders by choosing from a marketplace of capabilities, such as financial wellness tools, buy-now-pay-later options and rewards.”
October 13, 2022
On the web
Deutsche Bank and Fiserv Launch Vert, Germany’s Newest Payments Company
Deutsche Bank
“Deutsche Bank and Fiserv, a global leader in payments and financial services technology, have launched Vert, a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs). Vert is the only German provider to combine payment acceptance and processing and traditional banking solutions, meeting market demand for an integrated offering and streamlining access to innovative products for merchants of all sizes. Vert also provides next-banking-day pay-outs, providing merchants with faster access to their funds. Merchants are seeking user-friendly, integrated solutions that enable them to accept payments and move and manage money. Vert clients benefit from an offering that includes faster payments, modern technology, acceptance of common payment types and an online dashboard providing transaction data and other business reports.”
July 22, 2022
On the web
Georgia Tech Financial Services Innovation Lab and Fiserv Partner to Advance Insight into Consumer Finances and Further Financial Inclusion
Businesswire
“The Financial Services Innovation Lab (FSIL), which serves as an interface between the financial services industry and faculty and students at the Georgia Institute of Technology, and Fiserv, a leading global provider of payments and financial services technology with a flagship presence in Georgia, are partnering on a new initiative to better understand consumer financial health. Through this new initiative, Georgia Tech researchers will leverage Fiserv data to generate insights into household financial behavior, which will be relevant to policy makers, consumers and small businesses. The three-year partnership, funded by Fiserv, has a goal of increasing financial and payments inclusion.”
July 15, 2022
On the web
“Pay With Synchrony” App Launches as First Combined Private Label BNPL Financial Solution Available for Small Business Via Clover®
PR N
“Synchrony, a leading consumer financing company, today announced that merchants will now be able to offer a short-term, no interest installment option, Synchrony SetPay pay in 4, via the Clover® point-of-sale and business management system from Fiserv, Inc. This buy now, pay later (BNPL) offering will further expand the reach of Synchrony’s innovative payments and financing options and enable select merchants that use Clover to accelerate growth while providing more choice and flexibility for consumers – especially at the point of sale.”
May 4, 2022
On the wires
Affirm to be First Buy Now, Pay Later Partner Fully Integrated to Carat from Fiserv
“Affirm, the payment network that empowers consumers and helps merchants drive growth, and Fiserv, a global provider of payments and financial services technology solutions, today announced a relationship that will make Affirm available to Fiserv enterprise merchant clients later this year. With this partnership, Affirm will become the first buy now pay later provider fully integrated to the Carat℠ operating system from Fiserv. Through this end-to-end integration, Fiserv enterprise merchant clients will be able to add Affirm’s Adaptive Checkout™, which dynamically surfaces biweekly and monthly payment options side-by-side, to their checkout experience through a simple process. Eligible customers will then have the option to split the cost of purchases and choose between biweekly or monthly payment options. True to Affirm’s long-standing commitment to never charge late or hidden fees, customers will never owe more than they agree to upfront at checkout.”
May 2, 2022
On the wires
Fiserv and The Clearing House Expand Access to Real-Time Payments
Fiserv, Inc.
“Thousands of financial institutions will be able to simplify and accelerate the enablement of real-time payments for consumers and businesses as the result of a collaboration between The Clearing House and Fiserv, Inc., a leading global provider of financial services technology solutions. Fiserv financial institution clients will be able to access The Clearing House RTP® network and support a broad range of consumer and commercial payment services via NOW® Gateway from Fiserv.”
March 21, 2022
On the wires
Fiserv and MX Pair Up for Expanded Open Banking
“The fast-growing field of open banking got another boost Monday when the big payment processor Fiserv Inc. announced a major industry player, MX Technologies Inc., will use its AllData Connect service. AllData Connect is part of Fiserv’s AllData Aggregation platform that provides consumer-permitted access to tokenized financial account and transaction data held by Fiserv’s client banks and credit unions. These so-called open-banking connections allow payments providers and other financial-services players to verify the ownership of checking and other financial accounts, as well as the level of funding in those accounts, through application programming interfaces. The technology generates tokens as stand-ins for user names and passwords accessed through a common but less secure process called screen scraping, and has attracted a wide range of fintechs and other non-banks looking to facilitate payments.”
March 25, 2021
On the wires
Fiserv to Streamline Delivery of Innovative Payment Solutions to Merchants With Acquisition of Pineapple Payments
“Fiserv, Inc. (NASDAQ: FISV) (“Fiserv”), a leading global provider of payments and financial services technology solutions, today announced that it has signed a definitive agreement to acquire Pineapple Payments and will continue to provide payment processing services to Pineapple Payments merchants, while enhancing its seamless delivery of an array of customer-focused, innovative solutions. The acquisition will expand the reach of market-leading payment solutions from Fiserv, including the CoPilot partner platform, Clover® and Clover Connect, through the technology- and relationship-led distribution channels of Pineapple Payments.”
December 10, 2020
On the wires
Verizon Business offers touchless payment capability with Clover from Fiserv
“Verizon Business and Fiserv (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced a new relationship that allows Verizon Business to provide customers access to Clover Flex, a mobile point-of-sale device that can enable touchless payments. In addition, the relationship will allow Verizon customers to utilize Fiserv merchant services, including debit and credit card processing with a range of payment acceptance options, including online, mobile and in-person.”
November 25, 2020
On the web
How Fiserv Is Working With Google Pay And ExxonMobil To Go ‘Beyond the Buy Button’
Digital Transactions
“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.”
July 6, 2020
On the wires
ALDI Nord Moves In-Store Acquiring in Germany to Fiserv
“Fiserv, Inc., a leading global provider of payments and financial services technology solutions, today announced that ALDI Nord has selected Fiserv to enable all in-store card payments across its flagship German market. In the interest of its customers, ALDI Nord, a global leader in the food industry, decided at the end of June to transfer its entire in-store acquiring volume in Germany to a new provider on short notice. In just four days, ALDI Nord and Fiserv reached an agreement, and Fiserv began processing payments for more than 2,250 ALDI Nord locations in Germany within 12 hours of the agreement being signed. Payments are processed via TeleCash from First Data GmbH, now Fiserv.”
April 21, 2020
On the wires
Deluxe and Fiserv Launch Merchant Services Offerings for Deluxe Small Business Customers
“Today, Deluxe (NYSE: DLX), a Trusted Business Technology™ company, and Fiserv (NASDAQ: FISV), a leading global provider of payments and financial services technology, announced a new relationship to bring merchant services to Deluxe small business customers. Deluxe customers will now have access to the market-leading Clover® point-of-sale platform, robust physical and online payment processing capabilities, gift card services and much more. Deluxe Merchant Services, powered by Fiserv, is a natural extension to the existing Deluxe portfolio, which enables customers to make outbound payments. Now with this Fiserv technology, Deluxe can help customers accept payments, offering an end-to-end payables and receivables solution.”
February 18, 2020
On the wires
Fiserv Completes First-of-its-Kind Pin on Mobile Transaction With Visa
BusinessWire
“In a move that is expected to boost the worldwide use of smartphones and tablets as point-of-sale terminals, First Data, now part of Fiserv (NASDAQ: FISV), is enabling merchants to use their own devices to accept payments of any amount without any additional hardware. This is ground-breaking for small businesses and service providers that operate remotely due to its first-of-its-kind PIN on mobile capability, which facilitates secure PIN entry on a consumer-grade mobile device. This simplifies payment acceptance by allowing merchants to accept PIN-based contactless transactions without the need for a separate card reader or PIN-entry device, opening new market opportunities for merchants and allowing even micro-businesses to accept non-cash payments.”
February 14, 2020
On the wires
‘Dine and Dash’ Redefined With New Clover Scan to Pay Feature
“Restaurants can offer guests a more efficient, flexible, and secure payment experience with Scan to Pay, a first of its kind feature available with the Clover® platform from Fiserv, Inc. With Scan to Pay, guests use their iPhone camera to scan a Clover-generated QR code at the bottom of their receipt to pay their restaurant bill with Apple Pay. This saves time for both the guest and the server by eliminating the need for the guest to give their credit card to the server and for the server to take the card to the point of sale, process the transaction, and return for a signature. Not only is Apple Pay quick and convenient for both the guest and restaurant, it is also secure as a customer must authorize every transaction with Face ID or Touch ID on their iPhone.”
July 26, 2019
On the web
Fiserv-First Data Deal Set to Close
American Banker (paywall)
“Fiserv expects its $22 billion purchase of First Data Corp. to close on Monday after clearing regulatory requirements. “We’ve received all required regulatory approvals and plan to close the transaction on July 29,” Jeffery Yabuki, Fiserv’s president and CEO, told analysts in an earnings conference call this week.”
September 25, 2018
On the wires
Fiserv to Acquire Third-Party Debit Processing Solutions of Elan Financial Services
“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today it has agreed to acquire the debit card processing, ATM Managed Services and MoneyPass® surcharge free network of Elan Financial Services, a unit of U.S. Bancorp (NYSE: USB). The acquisition will further enhance the value proposition of Fiserv, deepen its presence in debit card processing, and expand its mobile and digital payments offerings for consumers and businesses.”
August 23, 2018
On the wires
Fiserv Enhances Authentication Services to Combat Call Center Fraud
“Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today it has introduced two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers.”
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