Former Pace plc chief executive Michael Pulli will replace Paul Galant as CEO of VeriFone Systems Inc. when the leading U.S.-based point-of-sale terminal manufacturer and payment services provider is acquired by private-equity firm Francisco Partners, VeriFone announced Monday. Galant, a former Citigroup Inc. senior executive who became VeriFone’s CEO in …

Square Inc. may be planning to re-file its application for deposit insurance with the Federal Deposit Insurance Corp., but that isn’t stopping its main opponent from celebrating the fact that the company has withdrawn its original application—at least for now. “We can call it a victory,” Chris Cole, executive vice …

The Federal Reserve Board said Thursday that it is seeking comments about its proposal to adopt the ISO 20022 messaging format for the Fedwire Funds Service. If approved, the format would replace the Fedwire’s current, proprietary messaging system. ISO 20022 enables payment providers to add more detailed instructions and other …

Shares of publicly traded electronic transaction processors handily beat the leading stock-market indexes in June, the second quarter, and 2018’s first half, according to an analysis from Barrington Research. In the first half, 28 payments-industry stocks posted a mean return of 15.62%, handily beating the Nasdaq Composite Index’s return of …

Now that the PCI Security Standards Council’s July 1 deadline has passed for implementing newer versions of Transport Layer Security technology to protect payment data, some experts believe nearly a third of small brick-and-mortar and e-commerce merchants don’t meet the new requirements. As a result, expect merchant acquirers, processors, and …

The new era of data breaches and privacy failures has had far-reaching effects. Personal information is packaged, sold, and distributed on the dark Web, leaving consumers feeling uneasy. Americans want to be protected, but also want convenience, and are holding businesses to high standards, even higher than what they hold …

Ethiopian Airlines, which flew more than 8.7 million passengers in 2017, will use the Cellpoint Mobile payment platform across its domestic and international operations for tickets and related transactions, Miami-based Cellpoint Mobile announced Sunday. In addition to common payment acceptance, the deal also will enable Ethiopian Airlines, which flies 100 …

Three key use cases could dramatically improve rewards programs, user authentication, and supply-chain management. Blockchain is a changing business model for the banking industry, supporting the sharing of value between and among multiple companies to their mutual benefit. While the industry may be enamored of developments on the crypto­currency front, …

Now that legalized sports betting is  up to the states,  a market some say is worth $150 billion in transaction value lies in acquirers’ cross-hairs. As this market goes legit, how soon can they cash in? No sooner did the U.S. Supreme Court rule that the question of legalized sports …

As soon as we heard that the U.S. Supreme Court had struck down a federal law that prohibited states from legalizing sports betting, we began to wonder how much of an opportunity this landmark ruling held out for the payments industry. The results of our curiosity on the matter start …