The big untold story in payments is how the lumbering ACH network has been posting impressive growth rates quarter after quarter. Is there more than same-day settlement to keep the party going? Let’s face it, generating anything beyond low-single-digit growth rates can be a challenge when you’re a 45-year-old payment …

As more and more companies adopt tokens as a proxy for the primary account number and other sensitive payment data, the day is fast approaching when the utility of the technology will move beyond the payments box. That’s the forecast from Nate Morgan, senior director for product management at CyberSource, …

Banking giant JPMorgan Chase & Co. is discontinuing its Chase Liquid general-purpose reloadable prepaid card and replacing it with a checking account called Chase Secure Banking, which has many of the same features but requires the customer to open a Chase bank account. Launched in 2012 and aimed mainly at …

SpotOn Transact LLC said it will integrate Poynt Inc.’s smart point-of-sale terminal into its platform. SpotOn said it is the first to work with Poynt to integrate loyalty, marketing, and POS software directly into the terminal hardware. Synchrony Financial expanded the merchant categories eligible to accept its Synchrony Car Care …

PayPal’s octopus-like strategy covers everything from P2P payments, bill pay, and the point of sale to parting ways with eBay. Can Schulman and Co. keep all the balls in the air? PayPal Holdings Inc. president and chief executive Dan Schulman can’t be accused of making small plans. “We aspire to …

Its $22-billion megamerger agreement with First Data sets it up to be a dominant player on both the bank and merchant sides of payments. How will the industry react? Executives at Fiserv Inc. all but popped champagne corks on Feb. 7 when they spoke to industry analysts about the Brookfield, …

As if the payments business wasn’t enough of an alphabet soup, QR codes are now vying with NFC for dominance in mobile payments. Which technology will win out at the point of sale? In the United States, unlike many other parts of the world, near-field communication has been the favored …

Square Inc. is rapidly growing into a heavyweight player in the hard-fought market for peer-to-peer payments. The San Francisco-based company had 15 million active users in December for its P2P product, Cash App, a number that doubled from December 2017, the San Francisco-based company disclosed on Wednesday. That’s still well …

For all the talk about financial-technology firms and non-bank processors encroaching on banks’ turf, acquiring banks still outdo the upstarts when it comes to having satisfied merchant customers, according to J.D. Power’s first in-depth study of the merchant-acquiring industry. The online study of 3,500 small businesses nationwide last October and …

NCR Corp. announced it acquired BEC, said to be a leading provider in Colorado of point-of-sale technology for the hospitality industry. BEC, which accounts for 2,600 sites, has been an NCR reseller for 23 years. Terms were not announced. After years of unsuccessful attempts to win government approval to operate …