The pandemic has taught ISOs many lessons—including how to get the most out of their suppliers. Leveraging sales in highly competitive retail, restaurant, commercial and other prime industry segments can be challenging, especially given the ongoing impacts of economic disruptions in effect today. As businesses struggle to regain pre-pandemic commerce …

Wireless connectivity at faster speeds and with more reliable service could be more widely available to the payments industry in as few as two years or less. Mastercard Inc. and Verizon Communications Inc.’s Verizon Business unit announced Tuesday morning they intend to work together to make 5G connectivity available in …

It’s May, and that means it’s time for our annual exercise to seek out and describe the nonbank players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …

With digital and physical commerce melding, Fiserv Inc. intends to position its Carat platform as the engine to enable providers such as Alphabet Inc.’s Google unit and merchants to process transactions across both channels. Fiserv took a big step in that direction last week when it announced it will enable …

How to get ready for a big but challenging upgrade to a crucial standard for cross-border payments. Cross-border payments are set to be transformed by the upcoming introduction of ISO 20022. This new messaging standard will replace existing, ingrained messaging infrastructures—including SWIFT MT messages and their equivalents used by legacy …

Shift4 Payments Inc. will provide tokenization, gateway, and end-to-end payment processing for a digital-commerce platform from Sionic Mobile Corp., according to a joint announcement from the companies. The initial focus is on restaurants, including services for online ordering and existing mobile payment and loyalty apps.Fiserv Inc. announced that starting Tuesday consumers with Alexa-enabled cars or …

The pandemic accelerated developing trends at the point of sale. POS vendors that have mastered hardware, software, and processing could be best positioned to benefit. When the novel coronavirus struck in March, it drove consumers into their homes, leading to a surge in e-commerce spending. Brick-and-mortar merchants soon learned the …

Restaurants and point-of-sale providers alike are scrambling to stage a fast recovery from an induced coronavirus coma. Success will depend on technologies like contactless payments and online ordering. Americans love dining out. In 2020, restaurant industry sales were originally projected to grow for the 11th consecutive year, reaching a record …

Activist hedge fund Starboard Value LP has taken an approximately 9% stake in prepaid card and banking services provider Green Dot Corp., according to a regulatory filing. Green Dot issued a statement saying it “welcomes transparent, constructive feedback regarding the common goal of enhancing long-term shareholder value.” In the wake of a big …

Galileo Financial Technologies, a 19-year-old developer of application programming interfaces for payments, announced a $77 million institutional funding round led by venture-capital firm Accel.Flowhub Holdings Inc., provider of a management platform for cannabis retailers, announced a Series A funding round whose participants included Iqram Magdon-Ismail, the co-founder and former CEO …