Ending months of speculation, the Federal Reserve confirmed Monday it will launch a real-time payments service by 2023 or 2024. The banking regulator, which also published Monday a notice in the Federal Register outlining its plan and requesting comment, will thus take what it says is its biggest move in …

Amazon, Apple, and Microsoft each briefly enjoyed a market capitalization greater than $1 trillion. The two dominant global payment networks, Mastercard and Visa, aspire to join this august, and for the moment, memberless club. In the near term, the networks could grow on autopilot. However, inevitably diminishing retail-payments growth in …

Of all e-commerce markets, grocery has long lagged behind in consumer adoption. But now there are signs that may be changing fast. In the year since early 2018, the proportion of U.S. consumers who had bought groceries online in the prior 12 months jumped from 23.1% to 36.8%, according to …

Merchant processor EVO Payments Inc. says it has a deal to acquire the payment-gateway assets of Mexico City-based SF Systems, which has developed integrations with many of Mexico’s largest point-of-sale systems. EVO has been working with SF Systems since it entered Mexico in 2015. Terms of the deal were not …

In advance of a key European regulation taking effect late this summer, San Francisco-based payments provider Stripe Inc. has acquired Touchtech Payments, a developer of authentication software. Terms of the deal, announced Wednesday, were not disclosed. Founded in 2014, Dublin-based Touchtech specializes in code that establishes customer identities for financial …

i3 Verticals Inc. completed its $24 million acquisition of Northeast Texas Data LLC and Graves Humphries Stahl LLC, collectively known as Net Data, which provides software services, including payment acceptance, to municipalities and local government agencies primarily in Texas. Millersville University adopted the ACI student payment portal from ACI Worldwide …

Few foresaw this combination, but the deal is far from baffling once you understand Fiserv’s history and long-term strategy. Every so often, a deal comes along that makes the market take notice. One such moment was the announcement in January of the Fiserv Inc.-First Data Corp. multibillion-dollar acquisition/merger. Essentially, the …

Fleetcor Technologies Inc., a business-to-business payments provider, said it has agreed to acquire Nvoicepay Inc., a provider of accounts-payable technology. Terms were not disclosed. Private-equity firm Napier Park Financial Partners invested $10 million in Nvoicepay in 2016. Mobile point-of-sale specialist CardFlight Inc. said its SwipeSimple product now includes the ability …

Data-communications provider Transaction Network Services acquired R2G Services, a Chicago-based provider of a market-data and managed-hosting platform; terms were not disclosed. Payment processor Repay Holdings LLC, which private-equity firm Corsair Capital acquired in 2016, said it has a definitive merger agreement with Thunder Bridge Acquisition Ltd., a special-purpose acquisition firm …

In just a matter of months, this new e-commerce fraud has emerged to exploit weak or non-existent links between merchants’ online and physical stores. If you’re a retailer, what’s not to like about offering consumers the option to buy online and pick up in-store? Most customers who use the service …