JPMorgan Chase & Co.’s Chase credit card unit and the Marriott International Inc. hotel chain introduced a contactless cobranded card, the Marriott Bonvoy Boundless card, to replace the Marriott Rewards Premier Plus card. American Express Co. announced the rebranding of its current portfolio of cards for customers of Marriott International Inc.’s …

Apple Inc. on Tuesday announced Target Corp., Taco Bell, and two regional chains are the latest merchants to agree to accept Apple Pay in-store, a development that could bolster the mobile-payments service and further smooth the road for contactless payments in the United States. Separately, Target announced it will also …

The proposed mega-deal that has Fiserv Inc. buying First Data Corp. for $22 billion presents integration issues that could take up to 10 years to iron out, according to a new report. “The integration of two companies of this scale will undoubtedly be a challenge—the short-term shock will take more …

The European Commission, the European Union’s antitrust regulator, fined Mastercard Inc. €570.6 million ($648.2 million) for restricting merchants’ ability to sign with an acquirer in another EU single-market country with interchange rates lower than rates in the merchant’s home country before December 2015, when regulations capped EU interchange. The Commission …

Is it a cash discount or a surcharge? Some merchant sales agents may now have a little more insight into the answer to that question. Some payments industry observers see no distinction between whether a fee is added or removed from a product’s final price to cover the cost of …

American Express Co. on Thursday reported a $2 billion profit for the fourth quarter of 2018, representing a significant turnaround from a $1.2 billion loss in the final quarter of 2017. Last year, the New York City-based card giant took a $2.6 billion charge in the fourth quarter that was …

The proposed merger of Fiserv Inc. and mega-processor First Data Corp. has huge implications for many parts of the payments industry. But the deal, if consummated as planned, could have an especially large effect on the U.S. debit card market. First Data owns the Star electronic funds network, while Fiserv …

The collapse of Bitcoin and many other cryptocurrencies in 2018 led to a general feeling of pessimism in the mainstream payments industry about the prospects for digital currencies, but at least one specialist processor apparently bucked the trend toward malaise. In a year-end review of its performance, Atlanta-based BitPay Inc. …

In a stunning announcement that surprised many observers, Fiserv Inc. said Wednesday morning it has struck a deal to acquire First Data Corp. with what the parties say will be the biggest ever such transaction in the payments and financial-technology businesses. The all-stock deal, expected to close in the third …

Processing giant Worldpay Inc. announced early Tuesday it forged a new agreement with Revel Systems to support Revel’s iPad-based smart terminals for restaurants and other merchant locations. The agreement comes days after Total System Services Inc. (TSYS) said it is launching a line of smart POS devices and follows other …