Marketing

Financial institutions have been battling fast-growing fintechs and other nonbanks for payments share and revenue for years, but now new research indicates banks, which have historically controlled this crucial business, are on the cusp of slipping from that dominant perch. In 2017, U.S. banks’ total payments revenue netted out to …

Shell Oil Co. and General Motors Inc. announced Shell stations across the United States now accept in-dash fuel payments following tests earlier this year. Shell Pay & Save, available within the GM Marketplace on certain Chevrolet, Buick, GMC, and Cadillac vehicles, enables consumers to pay for fuel and earn and …

More than 252 million iPhone owners globally use Apple Pay, a figure that equates to 31% of the active iPhone base, says Loup Ventures, a Minneapolis-based venture-capital firm. A year ago, the figure was 25%. That growth mostly is coming from international consumers, who Loup Ventures says account for 85% …

EVO Payments Inc. is hunting for new international markets as it continues to see growth in its U.S.-based business with independent software vendors, company executives said Wednesday during the merchant processor’s first earnings conference call as a public company. Founded in 1989 as an independent sales organization, Atlanta-based EVO in …

With a focus on data privacy and security, a review of five mobile person-to-person payment services places Apple Pay at the top, Consumer Reports says. Released Monday, the report from the product-review magazine evaluated Apple Inc.’s Apple Pay, PayPal Holdings Inc.’s Venmo, Square Inc.’s Cash app; Facebook Inc.’s Messenger, and Early …

NRT Technology Corp. and Sightline Payments LLC, which are expected to merge and become NRT Sightline, announced its Connect+ payment gateway is being used by Hard Rock International for its recently launched online casino in New Jersey. Payments processor Worldpay Inc. extended for four years an agreement with CRS Texas, …

Discover Financial Services announced Friday that its No. 2 executive, president and chief operating officer Roger C. Hochschild, will become chief executive on Oct. 1, succeeding long-time chairman and CEO David W. Nelms. Nelms, 57, Discover’s CEO since February 2004, will become executive chairman at that time before retiring in …

Apple Inc. said Apple Pay transactions surpassed 1 billion in the company’s third quarter, ended June 30. During an earnings call with analysts Tuesday, Apple chief executive Tim Cook said the 1-billion mark was triple the amount a year ago. “To put that tremendous growth into perspective, this past quarter, …

Processor First Data Corp.’s strategy of providing payments integration to independent software vendors appears to be yielding results. The Atlanta-based company said it signed 94 ISVs in the second quarter. That, along with good growth in its direct-sales channel, contributed to the 17.1% growth in second-quarter revenue in First Data’s …

The independent sales organization business is one that has spawned multimillion-dollar fortunes for numerous entrepreneurs. But perhaps it’s time for the industry to begin thinking beyond pure profit, merchant-acquiring executives suggested Thursday. The executives participated in a panel dubbed “Payments Doing Good” at the MidWest Acquirers Association annual conference in …