Hurricanes Irma and especially Maria devastated Puerto Rico-based payment processor Evertec Inc.’s business in September, and the company’s merchant business is in for a long recovery as the island struggles to restore electric power and other essential services to businesses and residences. In reviewing Evertec’s third-quarter results during a Tuesday …

Prepaid program manager Green Dot Corp. logged a strong quarter and now looks forward to big results from fresh deals with Apple Inc. and Intuit Inc., chief executive Steven W. Streit told stock analysts on Tuesday. Speaking on the same day Apple released a so-called public beta version of its …

Interac, Canada’s debit network, has made it easier to digitally send money direct to another bank account through its e-Transfer service by eliminating the need for recipients to answer a security question each time a transfer is made. Answering a security question validates the recipient to whom the money is …

The current wave of buying and selling is the right prescription at the right time for a business that badly needed shaking up, says O.B. Rawls. For decades, the payments industry was pretty stagnant, but over the past decade, and even more so recently, that has changed drastically. Now part …

Our daunting set of sticky wickets this time ranges from data breaches that just don’t stop to debit card pitfalls to travails for P2P and Bitcoin. This is Digital Transactions magazine’s 11th annual ranking of payments woes, and one lesson we’ve learned in all that time is that they don’t …

Acquiring TIO Networks gives PayPal an all-important launchpad for reaching consumers underserved by banks. How will it leverage that asset? PayPal Holdings Inc.’s $233-million acquisition of Vancouver-based processor TIO Networks Corp., which was finalized in July, does more than make the digital-payments system an immediate player in the bill-payment market. …

Financial institutions are realizing that a smooth experience is as important to consumers when identifying themselves as the authentication strategy itself, regardless of the channel consumers use to access their accounts. This finding is part of a new study from NICE Actimize, a Hoboken, N.J.-based provider of risk-management and compliance …

Zelle, the person-to-person payments service from bank-owned Early Warning Services LLC, added ACI Worldwide, CGI, D3 Banking Technology, and IBM to its list of processor and technology partners that enable their financial-institution clients to offer Zelle to consumers. Processor Fiserv Inc. said Regions Bank will offer digital money-movement services, including …

Private-equity firm GTCR, which bought Sage Payment Solutions in August from its British parent company The Sage Group plc, appointed veteran independent sales organization executive Joe Kaplan as chief executive of the merchant processor, and also announced that it would invest $350 million to support Sage. Kaplan is the former …

JPMorgan Chase & Co. is making a big move into the world of independent software vendors and payment facilitators with a planned acquisition of WePay Inc. that the nation’s largest bank announced late Tuesday. Redwood City, Calif.-based WePay develops payments-related application programming interfaces (APIs) for software developers to put into …