Tag Archives: Showcased

Global Payments Inc. agreed early Thursday to purchase the big processor Worldpay LLC for $22.7 billion. GTCR, a Chicago-based private-equity firm acquired a 55% stake in Worldpay in July 2023 from FIS Inc., while parent FIS retained ownership of the remaining share. Concurrent with the announcement of the Worldpay deal, …

Sweeping regulation that would have impacted all major mobile-payment apps in the United States appears to be headed for the dustbin following action by the House of Representatives Wednesday to vote down a bill based on regulation from the Consumer Financial Protection Bureau. The House action follows a Senate vote …

While the top 10 roster of the largest merchant acquirers in the TSG Directory of U.S. Merchant Acquirers shows little variation from last year—JPMorgan Chase & Co. is still No. 1 at $2.61 trillion in volume in 2024—smaller players are moving into the upper ranks. Adyen NV, a Netherlands-based processor …

Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing House Payments Company LLC, totaled 20.7 billion in 2024, a 6.2% year-over-year increase, TCH reported late Monday. Dollar volume during the period totaled $56.4 trillion, a 7.6% rise from a year earlier. Dollar volume on …

Buy now, pay later provider Klarna AB announced early Monday it is partnering with digital wallet provider OnePay to be the exclusive provider of installment loans to Walmart Inc.’s customers in the United States. Klarna is replacing rival Affirm Holdings Inc. as the retailer’s installment loan provider. Affirm had been …

As credit and debit cards—and their digital doppelgangers—continue to find favor among consumers, the use of cash over the past 10 years has slipped from 44% of in-store spend to 15% in 2024, finds the latest Worldpay Global Payments Report. Released Tuesday, the report, now in its 10th year, says …

Mastercard Inc. announced early Wednesday the launch of One Credential, a digital-payment solution that supports multiple payment methods such as credit, debit, and prepaid, as well as installment loans, on a single card. Targeted primarily at Gen Zers, One Credential allows consumers to tailor their payment methods to better manage …

Global Payments Inc. will roll out its revamped Genius point-of-sale package of products and services domestically in May as a common brand, with an international rollout late this year, chief executive Cameron Bready assured listeners on a conference call early Thursday. A major repositioning of the Atlanta-based company’s acquiring technology, …

Top executives at FIS Inc. early Tuesday reported accelerating revenue in 2024 and see that momentum carrying into the new year, but the energy appears to be coming from financial technologies apart from the big Worldpay merchant-processing platform. “Worldpay has not been a growth driver in 2024, and won’t be …