A sort of disequilibrium has set in in payments mergers and acquisitions, leading to fewer deals and stretched out times to conclude the deals that do close, according to M&A experts who spoke this week at the Electronic Transactions Association’s Transact conference in Atlanta. The new dispensation contrasts sharply with …

Darwinium, a fraud-prevention platform serving payments providers and fintechs from global offices in London and Sydney, announced its expansion into the U.S. market, including relocation of its corporate headquarters to San Francisco. Some 65% of treasury officers reported their organizations were victimized by attempted or actual fraud last year, the …

Fiserv Inc. launched a platform that can issue digital versions of a replacement debit card, enabling immediate use of a card that can be added to a digital wallet. Mobile-messaging provider Clickatell announced what it calls the world’s first chat-commerce platform as a service (CCPaaS). The platform allows customers to …

Coinhub said it recently secured placement of its Bitcoin ATMs at more than 1,000 gas stations and stores. Parthenon Capital announced it has closed on its $415 million acquisition of Pavilion Payments, previously known as Global Payments Gaming Solutions. The deal was announced in February. Global Payments will continue to process for Pavilion. …

What’s the future of shopping going to be like? If consumers have their way, it will be more personalized and convenient, found the “Future of Shopping” report from Synchrony. And online retailer Newegg Commerce Inc. is incorporating artificial intelligence tool ChatGPT into its shopping protocols. With increased sophistication in personalization, …

Account-to-account payments is becoming a growing force in the payments landscape, totaling $525 billion in global e-commerce transaction value in 2022, up from $463 billion in 2021, a 13% increase, according to the FIS Global Payments Report 2023. The volume was funneled through about 70 real-time payment schemes providing high-speed …

Mastercard Inc. is adding another arrow of digital-security technology in its cybersecurity quiver with the acquisition of Baffin Bay Networks, a Sweden-based cybersecurity company. Payments companies constantly need advanced ways to counter fraud because criminals are relentless. In fact, credit card fraud accounted for 6.2% of digital fraud in 2020, …

PayNearMe Inc. announced Tuesday it is expanding its iGaming footprint through a deal with Lottery Now Inc., which operates the Mido Lotto lottery. Consumers playing Mido Lotto, which is available in nine states, according to the Lottery Now Web site, will be able to purchase tickets with, as well as …

Bruce Lowthers came over from FIS Inc. last spring to run a stumbling Paysafe Ltd., and in the ensuing months the new chief executive delivered a series of candid assessments of his new company. “Bluntly, we’ve lost our way here,” he told equity analysts in November, adding, “We’re impeding our …

  An exciting part of growing a business is when you wade into uncharted territory. In the case of payments processing and the fintech industry, this could be when exploring a vertical that’s relatively new to the game. This excitement can be quickly dampened when banks and other financial institutions …