Transaction Processing

Payment-security provider Bluefin Payment Systems announced that Choice Entertainment Technologies will offer Bluefin’s point-to-point encryption service to users of its ChoiceCRM platform for performing-arts organizations. Payments company Wirecard AG is providing services to Moonrise, a unit of American Family Insurance. Moonrise enables employers to pay shift workers using a Wirecard-issued …

After a short-lived scare, investors in the budding cannabis sector don’t seem to be rattled by the hard line being taken by U.S. Attorney General Jeff Sessions against their industry. But the legal marijuana industry is certainly no closer to getting payment card merchant accounts and other mainstream financial services, …

First American Payment Systems LP launched 1stPayPOS Pro, a tablet-based point-of-sale system that uses an Android-powered device to accept multiple payment methods, including EMV and Apple Pay and Google Pay. Payments provider National Merchants Association said it plans to open an office in London after it obtains a payment-facilitator certification …

The huge CES (formerly the Consumer Electronics Show) expo is underway in Las Vegas, and out of it are coming the latest whiz-bang developments in payment technology. Among them: connected cars that enable the driver to pay for gas with a Visa card and authenticate the transaction with an iris …

Say goodbye to Android Pay and Google Wallet, and say hello to Google Pay. Alphabet Inc.’s Google unit on Monday announced a rebranding of its disparate online payments services under the single moniker Google Pay. The new branding’s scope is so broad that even the function within Chrome Web browsers …

As technology firms, both within financial services and those entering it, take larger shares of banking revenue streams and become more like banks, financial institutions will beef up their tech investments as they attempt to counter this pressure, advises Aite Group LLC in a report on 2018 financial-services trends. In …

Vantiv Inc. shareholders approved the processor’s planned acquisition of London-based merchant acquirer Worldpay Group plc with 99.9% of votes cast in favor, Vantiv reported. The companies expect the merger to close Jan. 16 following approval of a British court. The merged company will be known as Worldpay Inc., and its …

Traditional card-based loyalty programs, like those offered at local grocery stores, car washes, and restaurants, can drive consumer loyalty simply because many people are already familiar with them. But if brands want to improve the depth of the consumer experience, evolving to a digital-based loyalty program can provide consumers with …

The Western Union Co. and the New York Department of Financial Services announced Thursday that the wire-transfer market leader will pay a $60 million fine to settle alleged violations of the state’s anti-money-laundering laws, including transactions that supported human trafficking from China. New York authorities alleged that between 2004 and …

If you ask consultants what’s holding back mobile payments in the United States, you’ll get answers ranging from lack of acceptance ubiquity to malfunctions at the point of sale to consumers’ perceptions that payment cards work just fine. Now the nation’s financial institutions have weighed in on the matter, and …