Competitive Strategies

Payments provider Bank of America Merchant Services announced it and talech, developer of a cloud-based point-of-sale system that uses Apple Inc. iPads, are going after full-service restaurant and bar owners. Announced Tuesday, the deal will see BAMS, which is a merchant-acquiring alliance between First Data Corp. and Bank of America …

Mastercard Inc. president and chief executive Ajay Banga says he’s “very, very optimistic” about the Secure Remote Commerce initiative to reduce clutter on online checkout pages. Banga’s comments came Tuesday morning as he reviewed Mastercard’s results for the third quarter, a period in which U.S. purchase volume rose 10.7% year-over-year …

Adyen N.V. has had a busy year, and on Tuesday it made yet another significant move by announcing it is now doing business in Canada. The Dutch payments company, which already operates in the United States and Latin America as well as Europe and Asia, also announced four brands as …

Prepaid-card provider Card.com said it will feature images of top National Football League players on Visa-branded prepaid cards in a deal with the NFL Players Association. More than 200 player image cards are available. Pushpay Holdings Ltd., a specialist in payments to the U.S. religious sector, said it now offers more …

First Data Corp. plans to further exploit its fast-growing Clover point-of-sale hardware and software platform for small and mid-sized businesses by bringing it to full-service restaurants. “Clover has always been strong in small, quick-service restaurants, but the FSR segment needs much deeper functionality and is a large addressable software market …

It’s been four years since Apple launched Apple Pay, which together with Google Pay and Samsung Pay has ushered in the modern era of mobile payments. These “Pays” have been joined by mobile-payment solutions from retailers like Starbucks and Walmart, and together with P2P apps that can be used at …

Mobile-payments company PayByPhone said consumers can use its app to pay for parking operated by Tacoma Platinum Parking Partners. PayByPhone said the service covers more than 100 parking spaces in the Washington city. Ripple Labs Inc. said it sold $163.3 million of its XRP cryptocurrency in the third quarter, more …

When it comes to faster payments, merchants don’t want to be left out, and that’s creating a big opportunity for payments processors and other merchant acquirers.  Indeed, as the payments industry shifts toward real-time and near-real-time money movement, processors can cash in on the value of getting good funds into …

Online marketplace Shopify Inc. says it will add Venmo as a payment option, MarketWatch reported. PayPal Holdings Inc., Venmo’s parent, has been promoting a Pay With Venmo service to encourage more users of Venmo, known chiefly as a peer-to-peer payment app, to rely on the service for online purchases. The …

Discover Financial Services’s lending operations dwarf its payments business, but payments nonetheless are an important component of the company’s growth strategy, new chief executive Roger C. Hochschild said Thursday. Hochschild, who joined Discover in 1998 and served as its president and chief operating officer for 14 years, this month succeeded …