Minting money has become a mouse click in the Federal Reserve’s computer. Ninety percent of circulated funds is never materialized in either coins or bank notes. And the recent craze for cryptocurrencies further cements the de-materialization of money. The advantages of digital currency are clear and numerous: it stores on …

Puerto Rico-based payment processor Evertec Inc. suffered along with the rest of the island when hurricanes Irma and especially Maria swept through in September 2017 and destroyed homes, businesses, and the electrical grid, but now Evertec’s payment volumes are surging as the island recovers. Puerto Rican transaction volumes were up …

Speed is a key selling point for person-to-person payments, but many P2P users aren’t taking advantage of real-time payment capabilities offered by their providers, according to research firm Aite Group LLC. Answers from 693 consumers who had used a digital P2P account to receive money in the 12 months ending …

With the proposed merger of processing giants First Data Corp. and Fiserv Inc. looming over the payments landscape, players that both work and compete with the two companies are in a potentially ticklish position. But the chief executive of one such company made it clear Wednesday morning that First Data …

In a stunning announcement that surprised many observers last month, Fiserv Inc. 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 quarter, values First …

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 …

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 …

In just a matter of months, this new e-commerce fraud has emerged to exploit weak or non-existent links between merchants’ online and physical stores. If you’re a retailer, what’s not to like about offering consumers the option to buy online and pick up in-store? Most customers who use the service …

Cash discounts are all the rage as merchants seek to lower payment card acceptance costs. But critics say cash discounts all too often are surcharges in disguise. Few topics last year drew more interest from independent sales organizations and merchant acquirers than cash discounts. Sessions about the pricing strategy were …

Large companies are getting bombarded by approximately 530 bot attacks per day, and the vast majority of more than 200 firms surveyed have at least one person on their security teams devoted solely to bot defense, according to Osterman Research Inc. Osterman, a Black Diamond, Wash.-based research firm that works …