Transaction Processing

Paying for fuel at an Exxon Mobil Corp. gas station just got even easier. That is, for those who use the ExxonMobil Speedpass+ mobile app and drive a Ford vehicle with SYNC3 technology or use Apple Inc.’s Apple Watch. Speedpass+, which also is available for Android devices and offers Samsung …

Criminals purchasing stolen credit card data know they have a short window of opportunity to cash in before the accounts are shut down. Manually sifting through the hundreds, even thousands, of accounts bought in bulk can take more time than criminals have, which is why they are increasingly relying on …

Fleetcor Technologies Inc., a big provider of fleet-fueling, payroll payments, and gift card services, said it has a definitive agreement to acquire Cambridge Global Payments, a Toronto-based processor of cross-border business-to-business payments that handles $20 billion annually in vendor and employee payments for 13,000 companies. The purchase price is C$900 …

• Apple Inc., in its results for the second quarter ending April 1, said Apple Pay is available now in 15 markets, having launched in Taiwan and Ireland in March. Globally, that includes 20 million contactless-ready locations, of which 4.5 million are in the United States, said chief executive Tim Cook during …

In-store shopping isn’t going anywhere. That’s the finding of a survey from online processor Adyen. That’s especially true for pre- and post-purchase needs. And it’s just one sign of how much more demanding consumers are becoming when it comes to payments and related transactions. Eighty-six percent of consumers want to …

Mastercard Inc. reported Tuesday that it switched nearly 17% more transactions in the first quarter than it did a year earlier. Most of the growth came from overseas, but some of it resulted from more U.S. PIN-debit volume, company executives said. Purchase, N.Y.-based Mastercard said it switched 14.7 billion transactions …

• Processing giant First Data Corp. and cross-border payments specialist Flywire Corp. announced a collaboration by which Flywire education and health-care clients will be able to more easily accept cross-border card payments and First Data clients will be able to more readily accept high-value international remittances. • Gro Solutions, a vendor of digital solutions …

With the rise of APIs and the race for consumer loyalty, payments players are under pressure to innovate as never before. The result? A new openness to outside developers. If anything in the payments business can be said to approximate a company’s crown jewels, it’s the code that controls, uniquely …

The ATM EMV conversion is only partly done, and now deployers are beginning preparations for Windows 10 only a few years after upgrading to Windows 7. ATM deployers can take solace in the fact that their EMV upgrades are going faster than merchants’ conversion to chip card acceptance. But lest …

The same U.S. banks that have retarded progress in digital payments shouldn’t be entrusted with anything approaching a monopoly on implementing real-time payments systems, says Mark Horwedel. Lately, the Federal Reserve Board has been shepherding a cross-industry effort to build a faster, more efficient, and more secure payments system in …