Merchant acquirer Global Payments Inc. is teaming up with yet another company owned by private-equity firm Vista Equity Partners as it looks for new opportunities to integrate payment processing with software providers serving a wide range of businesses. Last week, Atlanta-based Global announced a deal with RA Outdoors LLC, which …

An airline trade group has teamed up with Germany’s Deutsche Bank to develop a payment system that would bypass the credit card networks, potentially saving users billions in interchange. The proposal comes from the International Air Transport Association, which says it has 280 members representing 83% of air traffic. The …

Strong consumer spending and a benign world economy worked in Mastercard Inc.’s favor in the first quarter, lifting the network’s U.S. purchase volume by nearly 11% and profits by over 30%. The No. 2 payment card network by volume on Wednesday reported that U.S. purchase volume rose 11% to $359 …

PNC Bank customers like Zelle, but fraudsters liked the person-to-person payments service a little too much after PNC rolled it out last July, according to a bank  executive. Paul Trozzo, senior vice president and product group manager, on Tuesday dubbed Zelle “very successful” for the Pittsburgh-based bank, a unit of The …

With a push from regulators and competitive forces, banks are stepping up their development of application programming interfaces to enhance their payment and other financial services. APIs, which provide links so that disparate software systems, such as those at a bank and a financial-technology company that wants to offer services …

Dollar volume in Discover Financial Services’s Payment Services unit rose 19% in the first quarter to $56.1 billion, led by a resurgent Pulse debit network where volume jumped 20%. Pulse, one of the nation’s largest electronic funds transfer networks, has been rebounding in recent quarters have a long period of …

Visa Inc. isn’t about to pull the plug on Visa Checkout, but judging from comments Visa’s top executives made Wednesday, the online and mobile-payment service’s long-term outlook looks quite iffy. The future of both Visa Checkout and Mastercard Inc.’s Masterpass equivalent was called into question last week when The Wall …

Boosted by its $1.05 billion acquisition of the big independent sales organization and merchant processor Cayan LLC in January, payment processor Total System Services Inc. (TSYS) saw its merchant revenues rise nearly 22% in the first quarter. TSYS’s Merchant Solutions segment posted net revenues of $317.4 million, a 21.8% increase …

Contactless point-of-sale debit and credit card transactions are barely a blip on the U.S. payments screen, but on London’s vast public-transportation system, payments from contactless cards or smart phones now account for half of all pay-as-you-go fares on subways and rail lines, system operator Transport for London reported Tuesday. Contactless …

Driven by growth in the United States, Europe, and Russia, global remittances grew 7% in 2017 to $613 billion from $573 billion in 2016, the World Bank reported Monday. At the same time, the average cost of remittances fell, though expenses remain more than twice as high as the World …