Point-of-sale technology provider Revel Systems released two new product lines, Revel Enterprise, for multilocation businesses, and Revel Essentials, aimed at restaurants and businesses with 20 or fewer locations. Shift4 Payments renamed its payment-management platform Lighthouse Transaction Manager. Formerly Dollars on the Net, the service enables merchants to access transaction reporting, …

Fiserv Inc. and First Data Corp. argue their proposed $22 billion combination will usher in a processing behemoth that should create substantial operating efficiencies and economies of scale. And so far, investors are buying that story. Shares of both companies are up by double-digit percentages since the Jan. 16 announcement …

Growth on the automated clearing house network continued apace in 2018’s fourth quarter, boosted by same-day transactions, person-to-person payments, and online commerce. The massive network linking nearly all of the nation’s financial institutions tallied 5.97 billion transactions, up 8.7% from 5.49 billion a year earlier. It was the network’s fastest …

Want to start—or bet on—the next big thing in payments? Forget glitz and glamor and focus on startups that address pressing problems with substantial and realistic solutions, argues Eric Grover. Successful payments fintechs such as Adyen, Ant Financial, Klarna, Stripe, and Square have generated enormous excitement. With the arguable exception …

As cash goes, so go ATMs. Cash so far has managed to ward off its many electronic enemies, but it’s playing defense in the payments version of The Hundred Years’ War. What does it all mean for ATM deployers and manufacturers? The leading payment card networks have targeted cash since …

Unbridled enthusiasm for distributed ledgers has given way to a more sober assessment of the technology’s probable role in payments. A few years ago, evangelists for blockchain confidently predicted its widespread adoption to facilitate faster, more secure, and economical payment transactions.  The type of transaction didn’t matter. Whether it was …

It’s ten years since Bitcoin made its big splash. More than a thousand coins now follow in its footsteps. Digital coins are still a tiny fraction of worldwide money movement, but the hype is on. Very serious financial experts and economists predict a rosy future for this new technology. Many …

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 …

So far, Visa Inc. has dominated the headlines regarding the U.S. conversion to contactless payment cards. Mastercard Inc., however, will soon be getting into the act. “In the U.S., contactless momentum continues to grow on both issuing and acceptance sides,” Mastercard president and chief executive Ajay Banga said Thursday. “We …

Visa Inc. saw payment volume growth of nearly 11% in the quarter ended Dec. 31, and sees ever-more contactless cards and volume on its Visa Direct real-time payments service in its future. Visa on Wednesday reported a respectable first quarter of fiscal 2019, according to its chief executive, despite the …