Tuesday , March 19, 2019

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Weeks After Fiserv’s Bid for First Data, FIS Puts up $43 Billion to Snap up Worldpay
Fed Delay Causes NACHA To Postpone a Third Processing Window for ACH Transactions for Six Months
Lyft Eyes Ways To Lower Payment-Processing Costs as It Preps for an IPO
Kroger Steps up the Pressure on Visa With Another Ban on the Network’s Credit Cards
Network Fee Boosts Are Taking a Big Bite out of Merchants’ Durbin Savings, Research Says

Weeks After Fiserv’s Bid for First Data, FIS Puts up $43 Billion to Snap up Worldpay

The other shoe has dropped. Fidelity National Information Services Inc.’s $43-billion cash-and-stock deal to acquire Worldpay Inc., announced early Monday, will create a processing behemoth that will compete globally across a sweeping range of payments businesses, including merchant acquiring, e-commerce, faster payments, and core processing. And though the bosses of the two companies won’t admit …

FIS And Worldpay: Merger Mania Probably Isn’t Over, Analysts Say

Close observers of the payment-processing industry predicted Fiserv Inc. would start a merger wave when it announced its $22 billion deal to acquire First Data Corp. in January. That prophecy seems to have come true with the even bigger $43 billion FIS-Worldpay merger announced Monday, and the consolidation wave probably hasn’t crested, analysts say. The roster …

SpotOn Integrates Poynt Terminal and other Digital Transactions News briefs from 3/18/19

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 credit card, which now includes …

Bountiful Stolen Personal Data Fuels Unrelenting Online Fraud Attacks, Forter Says

In a time when criminal access to consumer data has never been more common, merchants continue to experience pervasive and persistent fraud attempts. That’s the key takeaway from the 2019 sixth annual Fraud Attack Index from Forter Inc. released Thursday. How bad is the problem? Fraud grew in 2018 in every online merchant segment tracked …

First Data Rejected Overtures From ‘Party A’ Before Accepting Fiserv’s Merger Offer

First Data Corp. began talking with a potential merger partner identified only as ‘Party A’ more than a year before Fiserv Inc.’s $22 billion takeover offer for the big payment processor was announced, according to a proxy statement Fiserv and First Data filed this week. The lengthy document—more than 300 pages—details financial and other information …

Visa and Mastercard May Face U.S. Ban on Venezuela Transactions and other Digital Transactions News briefs from 3/15/19

The Trump administration is considering sanctions that would ban Visa Inc., Mastercard Inc., and financial institutions from handling transactions in Venezuela, according to Reuters. The move would be aimed at restricting the ability of the Venezuelan government, headed by embattled president Nicolas Maduro, to access funds. IBM Corp. may be developing a so-called stablecoin on …