When JPMorgan Chase & Co. decided to recruit order-ahead capability for its Chase Pay mobile wallet, it settled on a 6-year-old mobile payments startup whose technology could give Chase Pay a vital boost in a crucial merchant segment. Meanwhile, the alliance could also bring tens of millions of new customers …

The new year will be ringing in with questions about Visa’s plan to improve the data-security work that third parties do on small merchants’ point-of-sale systems. What happens when a payment-security requirement isn’t enforced and is largely ignored by vast numbers of the industry participants it covers? We’re about to …

By Jim Daly@DTPaymentNews In a move that will further consolidate the U.S. acquiring business, payment processor Vantiv Inc. announced late Thursday that it has an agreement to buy Moneris Solutions Corp.’s U.S. merchant-acquiring subsidiary from its Canadian owners for $425 million in cash.  Also known as Moneris USA, Schaumburg, Ill.-based …

By Jim Daly@DTPayment News First Data Corp. said attrition in its small and mid-size North American merchant portfolio eased off in the third quarter, but chief executive Frank Bisignano cautioned that getting attrition down to acceptable levels will take more time. “Q3 saw a meaningful reduction in the annualized attrition …

It was a surprise, but then again, it wasn’t. Leading U.S. point-of-sale terminal maker VeriFone Systems Inc. on Sept. 1 reported its second straight quarter of disappointing sales of EMV chip card equipment to small and mid-sized businesses. Less than a week later, VeriFone’s archrival, France-based Ingenico Group, reported a …

By Jim Daly@DTPaymentNews If misery loves company, then VeriFone Systems Inc. can make room for its arch-rival, France-based Ingenico Group. Ingenico reported Tuesday that a “sudden and significant” decline in U.S. EMV-related revenues, along with weak sales in Brazil, had forced it to lower its revenue and profit forecasts for …

Worldpay, WePay, and Stripe are among those viewed as attractive targets as the industry consolidates. Apparently, investors are not ready to put away their checkbooks when it comes to payments companies. Despite potential macro uncertainty stemming from the U.S. presidential election and the specter of the United Kingdom’s departure from …

The acquiring business is accustomed to a slow rate of change, but that deliberate pace is masking radical underlying shifts in how merchants handle payments and whom they deal with for processing services, according to research at First Annapolis Consulting, Annapolis, Md. Change comes so slowly in this business that …

While they may account for a sliver of acquiring,  ISVs and VARs are poised for fast growth. But will ISVs still be distinguishable from ISOs in a few years? Software developers and their dealers are big news in the payments business these days. They’re the ones that make point-of-sale systems …

For all the talk about independent software vendors and value-added resellers as an alternative channel for acquirers to sign up new merchants, the ISV/VAR share of the market is actually quite small, according to research released last week by Annapolis, Md.-based First Annapolis Consulting. The research does indicate, however, that …