As sports fans return to stadiums after nearly two years of the Covid pandemic, payment processors are eyeing a big opportunity for transaction volume. In the latest development, one of the biggest players in this game, Shift4 Payments Inc., said early Wednesday it has signed Audi Field in Washington, D.C., …

Money-transfer powerhouse MoneyGram International Inc. will go private later this year in a deal announced Tuesday with private-equity firm Madison Dearborn Partners LLC. Valued at $11 per common-stock share, the deal also includes assumption of $799 million in debt.  Expected to close in the fourth quarter, the deal will see …

With ransomware attacks showing no signs of slowing down, the National Cybersecurity Alliance and the PCI Security Standards Council issued a joint warning bulletin Thursday. The bulletin was prompted by feedback from payment industry stakeholders and heightened news coverage of the attacks throughout 2021, says the PCI SSC.  In 2021, …

When it comes to fast growth, it doesn’t hurt to have huge merchant platforms like Amazon.com Inc. and Shopify Inc. in your corner, a proposition Affirm Inc. underscored late Thursday as it reported huge increases in merchandise volume, active users, and other indicators. “We feel great about our progress,” said …

U.S. retail sales in January, excluding automobile-related spending, grew 7.2% year-over-year, with online sales increasing 10.4%, according to the Mastercard SpendingPulse report. Sales were propelled by such factors as accumulated savings and wage growth, the report says.Payments-processing giant Global Payments Inc. reported revenue of $2.19 billion on a GAAP basis for the fourth quarter, …

As part of its strategy to enable application developers to create solutions fully compliant with open-banking regulations around the world, Cloudentity, a provider authorization technology, has joined the Google Cloud Partner Advantage program as a technology partner to Apigee, Google Cloud’s API Management platform. The partnership combines Apigee’s API management platform with Cloudentity’s …

Apple Inc. rattled the payments industry on Tuesday with its announcement of technology that will let merchants accept card and Apple Pay transactions directly on an off-the-shelf iPhone with no attachments, but rivals say they’re taking the news in stride. “We’ll feel some impact, we’ll feel it a little bit, …

Fiserv Inc. has been an acquisitive company since its merger in 2019 with First Data Corp., and on Tuesday its top management said its latest acquisition will accelerate the company’s penetration of the growing market for digital-banking services provided not locally but through a cloud configuration. The $650-million deal for …

As banks pull ATMs from underperforming off-premise locations, it is creating an opportunity for independent ATM deployers to fill the void, says a report for RBR, a London-based research and consulting firm. The trend, which is being driven in part by banks’ growing emphasis on providing cashless paymentsolutions to their …

After years of trailing fintechs such as Square Inc. when it comes to merchant satisfaction with payment processing, big banks find themselves atop the leader board, according to J.D. Power’s 2022 U.S. Merchant Services Satisfaction Study.  Bank of America Merchant Services leads the way, posting a satisfaction score of 894 …