The payment habits of Generation Z and Millennial consumers are providing some of the motivation for Glance Technologies Inc. to change its name and mission. Millennials were born between 1981 and 1996, and those born in 1997 and later are Gen Z members. Announced Tuesday, the new corporate name is …

Two big trends in payments, mass-transit ticketing and advanced authentication technology, could come together soon as Mastercard Inc. develops a system that could identify users simply by the way they walk. Working on the idea that each person has a unique gait, Mastercard and its NuData Security unit are talking …

Best known for its big fleet-fueling card business, WEX Inc. lately is getting stronger growth from its two other segments, health-care and employee benefits and corporate and travel services. WEX reported Thursday that total fourth-quarter purchase volume grew 8.4% to $20.1 billion from $18.5 billion a year earlier. Portland, Maine-based …

When Fidelity National Information Services Inc. closed on its $43 billion acquisition of Worldpay Inc. last summer, the payments industry knew the massive deal would boost FIS instantly into the top ranks of global merchant processors. On Thursday, the company let the world know just how big its position in …

Federal Reserve Board chairman Jerome Powell is testifying before Congress this week, and mixed in with questions and answers about interest rates, economic growth, and employment could be queries about when the Fed is going to update its cap on the fees issuers can charge for debit card transactions. At …

Payment-services provider Repay Holdings Corp. continued its run of acquisitions Monday when it announced it bought Ventanex for up to $50 million. Ventanex is an integrated-payments provider operating in consumer finance, especially mortgage-loan servicing, business-to-business health-care payments, and some other segments. Founded in 2012 and based in the Dallas suburb …

Mastercard Inc. is the latest U.S. payments company to take initial steps to operate in China with Tuesday’s announcement it will form a joint venture with NetsUnion Clearing Corp. to establish a domestic bank card clearing entity. The entity formed from the joint venture—Mastercard NUCC Information Technology (Beijing) Co. Ltd.—received …

A platform to help ensure payments are made to the proper entity is preparing for a May debut. Dubbed Phixius, the Nacha-developed platform will provide a way to enable the secure sharing of payment-related information. That’s important because the platform, announced this week, could save businesses time in vetting new …

The hotly competitive arena of integrated payments has prompted PointOS, a hospitality software developer, to register as an independent sales organization to gain better control over payment services it offers. The company, which serves customers, announced its ISO registration this week and calls its service PointOS Payments. “We became an …

Six months after closing on its $22 billion acquisition of First Data Corp., Fiserv Inc. on Tuesday dropped some tantalizing hints about early benefits the deal has generated for the combined company. First Data’s Clover app-based platform for merchant checkouts, for example, saw its gross payment volume grow fully 40% …