Fifth Third Bancorp said it has closed on its acquisition of Big Data LLC, a technology platform for health-care payments. Terms were not disclosed Mark Barnett, president of Mastercard Inc. for Europe, said card interchange “represents incredibly good value” with respect to “sharing the costs and benefits of the payment system.” The remarks …

Small businesses can take on bigger rivals and win—if they’re open to the latest technology. Small- and medium-size businesses respond differently to major shifts in how people find and purchase products and services. Some look at major changes as an opportunity to adopt new resources for getting the most bang …

Faster-payments networks are forming to take advantage of a perceived appetite among consumers and businesses to move money at a quicker pace, but one such service that has been available since 2016 is reporting booming jumps in volume. Nacha, the Herndon, Va.-based organization that manages the nation’s automated clearing house …

Shift4 Payments Inc. announced it will provide payment acceptance services for the Baltimore Orioles at concession areas throughout the Major League Baseball team’s Oriole Park at Camden Yards stadium. Shift4 also will handle payments at Oriole Park merchandise locations through a deal with sports merchandising firm Fanatics Inc. Weave, a technology …

Among some 108 banks in North America, Europe, and Asia-Pacific, nearly half indicate they have lost at least 10% of their payments volume to fintechs, according to an Aite-Novarica report supported by payments platform Finastra. As a result, some 65% plan to make a significant or moderate investment in payments technology …

Payment technology provider Repay Holdings Inc. has high hopes in 2023 for two new business segments—Consumer Payments and Business Payments—as its posts $6.6 billion in processed card volume for 2022. In related news, CardFlight, developer of SwipeSimple, a mobile point-of-sale service, hits a record merchant count of 125,000. Repay’s plans …

Banking and payments professionals should watch for action from the Consumer Financial Protection Bureau on key areas such as open banking, credit card late fees, fintech partnerships, and buy now, pay later plans, warns Strategic Resource Management, a consulting firm. American Express Co. released its American Express Business Blueprint, a digital cash flow management service …

Payments and financial services provider Netevia said it will launch in February Netevia Banking, a banking service for small businesses that includes virtual cards, same-day access to funds, connectivity to Netevia’s underwriting team, and a two-hour approval window. Netevia Banking will be available to independent sales organizations for resale. GE HealthCare will …

Steven Velasquez, Senior Vice President and Head of Partner Business Development – Elavon As the worlds of technology and financial services converge, providing your merchants and their end users with a connected buying experience is crucial to differentiating your software in an increasingly crowded and competitive market. ISVs are now …

It was only a matter of time before the two big international card networks responded to a recent Federal Reserve requirement that issuers make at least two unrelated networks available to merchants for debit card transactions. That time arrived at earnings season. During an earnings call with equity analysts in …