Fiserv Inc. early Thursday announced Michael P. Lyons will take over as chief executive at Fiserv Inc., replacing Frank Bisginano. Lyons, who is also taking on the office of president at the Milwaukee-based company, arrives from PNC Financial Services Group, a Fiserv client, where he was president and a key …
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Merchants in the United States paid $224 billion in card-acceptance costs in 2023, the highest toll for merchants in any country in the world, according to payment consultancy CMSPI’s State of the Industry Report. Interchange fees alone accounted for $143 billion of that total. Since 2009, U.S. merchants’ like-for-like payment …
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Visa Inc. announced early Thursday it will launch account-to-account (A2A) payment capabilities in the United Kingdom in early 2025. The move will allow U.K. consumers paying bills to do so directly from their bank account, as opposed to paying by check, cash, or card. Visa’s plans for the service, called …
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Paze, the online checkout service from Early Warning Services LLC, says consumers that belong to the Sephora loyalty program can now use it to pay for transactions on the retailer’s Web site. Backed by some of the nation’s largest banks, Paze is an expedited checkout service that includes addresses and …
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