Fiserv Inc. and the former head of an independent sales organization will pay $40.2 million to settle charges brought by the Federal Trade Commission stemming from alleged illegal actions committed by the ISO from 2012 to 2014 while it obtained processing services from First Data Merchant Services, whose parent company …

All four card brands have now delayed for the second time their EMV liability shifts for automated fuel dispensers with Mastercard Inc.’s Monday announcement it would postpone its shift until April 16. The original shift was to have taken place in October 2017, but was deferred until October 2020. Along …

With the novel coronavirus driving consumers to e-commerce, payments provider Adyen NV posted first-quarter revenue of 135.5 million euros ($146.9 million), up 34% year-over-year.  Volume rose 38% to 67 billion euros ($72.6 billion). Adyen processes payments for companies such as Uber, McDonalds, and Netflix, and also provides gateway services for …

Visa Inc. reportedly denied a request to delay the Oct. 1 EMV liability shift for petroleum businesses, according to a ConvenienceStoreNews.com article, which says several fuel-retailing groups petitioned Visa for the delay. Visa, the Web site said, attributing it to NACS, an association for convenience store operators, is said to be monitoring the …

Independent sales organizations are increasing their use of non-compliance fees for merchants that don’t adhere to PCI Security Standards Council requirements, with 23% of ISOs surveyed for the ControlScan/MAC 2020 Acquiring Trends Report saying they assess these fees. That’s up from the historic range of 17% to 18%. The report, …

Cash is fighting an uphill battle to remain a payment option during the novel coronavirus pandemic. Over the past week, a number of toll-highway and bridge authorities have ceased accepting cash to limit the spread of the highly infectious disease. According to local press reports, the Pennsylvania Turnpike, the Illinois …

Machine learning is a popular fraud-fighting technology, but models have a tendency to become less effective over time as criminals adjust their tactics. On Tuesday, ACI Worldwide Inc. said it’s taking a crack at that problem with a service that the company says can adjust automatically to changing fraud patterns. …

“Can I trust you?”  The ability to answer this seemingly simple question can help online merchants stop fraud and increase sales like never before. In fact, it’s a question that we at Kount answer billions of times per year for our customers.  In today’s digital world, fraud-prevention solutions use artificial …

2019 saw three of the biggest combinations in the history of the electronic payment business. The deals closed months ago. What happens now? Gotten over merger shock yet? Well, fasten your seat belt. The effects from last year’s trio of mega-combinations are likely to ripple through the payments industry for …

As small businesses increasingly look for help in adopting digital payments, PFs are generating more and more payment volume—and more revenue. When payment-facilitator megaplayers, like Square Inc. and Stripe Inc., first entered the scene more than a decade ago, many within the payments industry viewed the model as too risky. …