Competitive Strategies

The big payments processor Fiserv Inc. is partnering with Amazon.com Inc. to enable credit and debit card holders enrolled in Fiserv’s uChoose rewards program to redeem points on Amazon.com. Cardholders enrolled in uChoose and the Amazon Shop with Points program can redeem rewards for all or part of their purchases …

F.N.B. Corp., with its First National Bank unit, agreed to be the sole provider of ATMs for the Washington Metropolitan Area Transit Authority, said to be the third-largest U.S. rail system. The push-payments platform Checkbook announced an integration with the peer-to-peer payments provider Zelle to enable instant payments for Checkbook users. Transact Campus, a …

With payments-industry competition rapidly getting more intense, long-established players such as Mastercard Inc. could lose out if they don’t change with the times. But Mastercard’s chief executive signaled Thursday that change is just what his company is doing. “We stand ready to compete,” declared Michael Miebach during Mastercard’s second-quarter earnings …

Shift4 Payments Inc. said early Thursday it will pay restaurants a dollar for every online order they receive across the first three months that they use the company’s SkyTab POS system. Shift4 contends it is making the move in response to what it calls junk fees charged by other payment …

Payments-technology provider Aevi said it is working with contactless-technology firm Bleu to offer tap-to-pay functionality in North America and Europe on both Android and iPhone devices. Cross River Bank said it will enable an expanded menu of payment options through open-banking platform Plaid, including instant transfers for payroll and other applications. Payments provider Lightspeed …

The merchant-acquiring business helped deliver a strong quarter for Fiserv Inc. as the big processor reported Wednesday its ninth consecutive period of organic revenue growth, or growth stemming from existing rather than recently acquired businesses. The Brookfield, Wis.-based company singled out its Clover point-of-sale technology for special mention as a …

Payments provider Euronet Worldwide Inc. said its money-transfer segment handled 41.1 million transactions in the second quarter, up 10% from 37.3 million a year earlier. The U.S. Treasury Department’s Office of the Comptroller of the Currency, which regulates national banks, assessed a $15 million civil fine against American Express Co.’s American Express National …

Visa Inc.’s top brass, during the company’s quarterly earnings conference call Tuesday afternoon, preferred to talk about fast-growing newer lines of business such as value-added services and transaction sources apart from traditional plastic credit and debit cards. But stock analysts on the call had questions about some sensitive merchant-relations issues, …

The latest battle in the war over the proposed Credit Card Competition Act has focused on the question whether the legislation would cut rewards and other benefits for cardholders. Citing research from the consulting firm CMSPI, the Merchants Payments Coalition, a lobbying group for sellers, argues that passage of the …

NCR Corp. announced names for its two major business units once the company spins off its ATM operations, with both retaining the NCR moniker. The digital-commerce business will be called NCR Voyix, while the ATM operations will be named NCR Atleos. FIS Inc.’s Worldpay processing unit launched Revenue Boost, a service based on …