Klarna, the installment-payment specialist, has released an app that enables consumers to shop a variety of merchants and pay with Klarna without leaving the app. Announced Tuesday, the Klarna app presents the retailer’s site with a footer containing a Pay with Klarna button. When selecting that option, the shopper can pay …
Read More »Another Major Deal Could Be on the Horizon As News Emerges of TSYS-Global Payments Talks
A potential merger, joint venture, or partnership may be in the offing for Global Payments Inc. and Total System Services Inc. (TSYS). The two merchant-processing powerhouses have held preliminary discussions about a combination of some sort, according to a report late Thursday by Bloomberg.com. In addition to traditional merchant processing, …
Read More »Among Businesses, A Wider Array of Payouts to Consumers Is Gaining Attention
Consumer-payments services are starting to garner attention among businesses, with 76% of banks having corporate customers asking for automated business-to-consumer payment services. That’s the word from Bottomline Technologies Inc. in its 2019 B2B Payments and Working Capital Management Strategies Survey, released this week. The survey of more than 300 financial …
Read More »Eye on Ride Share: Uber Picks Adyen’s 3-D Secure; Lyft Debuts Mastercard Card for Drivers
Processor Adyen N.V. said ride-share service Uber will use Adyen’s 3-D Secure service online and in-app. 3-D Secure is an online authentication standard that, now in its second iteration, uses multiple bits of data to verify elements of a transaction. Unlike the first version, 3-D Secure 2 aims to be …
Read More »NCR Says Its Integration of Processor JetPay Into Its POS Systems on Track
Integration of JetPay, the processor NCR Corp. bought for $184 million in 2018, into NCR’s point-of-sale systems will be more broadly available in the second half of 2019, NCR said Tuesday. NCR intended to marry JetPay with its POS systems, including NCR Silver and Aloha, in an effort to offer …
Read More »Under One Roof, Nxgen And Payscape Eye Expansion And Acquisitions
Payments providers Nxgen International and Payscape have come under one roof in a deal valued at $124 million and aided by investor Parthenon Capital Partners, the companies announced late last week. That will provide the impetus for both companies, whose brands will continue, to focus on expansion through organic growth …
Read More »Integrated Payments in the U.S. and Abroad Prove Fruitful for EVO Payments
The integrated-payments phenomenon is paying off for EVO Payments Inc. in the United States and internationally. While Atlanta-based EVO reported a decrease in first-quarter earnings, its strategy of courting integrated software vendors and companies that support their point-of-sale software continues to reap rewards, which EVO management says will benefit the …
Read More »Fiserv’s First Data Deal Remains on Track Despite Justice Request
Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though …
Read More »With a Hurdle Cleared, FIS Expects to Close $43 Billion Worldpay Deal in the Third Quarter
Fidelity National Information Services Inc. (FIS) on Tuesday said it expects to close its colossal $43 billion acquisition of payment processor Worldpay Inc. in the third quarter following a Federal Trade Commission ruling. The merger, announced in March, would create a processing colossus with payments services ranging from merchant processing, …
Read More »Factors Align for Widespread U.S. Contactless Payments Adoption, A Fed Study Suggests
The conditions for the widespread adoption of contactless payments using chip cards are in place, asserts a new report from the Federal Reserve Bank of Boston. But when that will happen and what will trigger it are unknown in the Fed report, “Tap to Pay: Will Contactless Cards Pave the …
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