Acquiring

The Federal Reserve issued a paper outlining “refreshed strategies and nine new tactics” for improving the U.S. payment system; the paper is a follow-up to the Fed’s strategic vision for payments issued in January 2015 and comes in the wake of the July report from the Fed’s Faster Payments Task Force. The Federal Trade …

As businesses in the Houston area attempt to recover following the devastation of Hurricane Harvey in late August, the payments industry is offering assistance. First Data Corp. is offering thousands of its Clover Go mobile credit and debit card readers free to business owners affected by the hurricane. The offer includes …

Performance Matters, which offers professional instruction for public-school educators, has agreed to use SchoolPay, a unit of My Payment Network, to process payments for professional development for teachers in kindergarten through 12th-grade classrooms. MoneyOnMobile Inc., a Dallas-based company with operations in India, said it processed more than 1 million domestic transfers in …

The financial-services industry can take some satisfaction that it has improved its overall compliance with the PCI data-security standard, going from 42.9% of firms in full compliance in 2015 to 59.1% in 2016, as measured in the 2017 Payment Security Report from Verizon Enterprise, the business-services unit of telecommunications carrier …

Change. It’s one of the most feared events in one’s life; personally and professionally. People are scared of the unknown, which makes them naturally resistant to change. This fear is one of the primary reasons why evolving, or changing, an organization is one of the most difficult leadership challenges most …

Total spending via contactless mobile payments in the United States will exceed $1,000 per user for the first time in 2017, reaching $1,026, according to forecasts by eMarketer. Total U.S. contactless mobile payments will hit $49.29 billion this year, up 78.1% from 2016, the firm projects. Fiserv Inc. completed its $89-million, cash acquisition …

Google plans soon to give merchants access to the vast trove of credit card credentials it has in its databases to speed customer checkout for mobile and online payments. The search-engine giant, however, is not putting itself in competition with payment card networks, a Google executive said this week. The …

With transaction laundering and false-front Web sites a growing problem for acquirers and independent sales organizations, technology vendors are beginning to respond. The latest example is Reno, Nev.-based Conformance Technologies LLC, which this week introduced more powerful tools to combat this growing fraud threat. Conformance has broadened the data elements …

Payments provider NXT-ID Inc. announced its FitPay Inc. subsidiary is providing the payments technology for the vivoactive 3, a new smart watch from Garmin International Inc. Dubbed Garmin Pay, the service supports contactless payments made with Visa Inc. and Mastercard Inc. credit and debit cards from major issuing banks. Earlier this week, Fitbit Inc. introduced Fitbit Pay. In …

In its latest flirtation with plastic credit cards, online payments leader PayPal Holdings Inc. unveiled its PayPal Cashback Mastercard, a no-annual-fee card issued by Synchrony Bank that gives PayPal account holders 2% cash back on online and in-store purchases wherever Mastercard is accepted. Rewards, on which there are no limits or expiration …