U.K.-based NatWest Bank decided to get back into the merchant acquiring business after a referral agreement with Worldpay expired in 2018. The bank had been forced to sell Worldpay as part of a U.K. government bailout tied to the global financial crisis more than a decade ago. The bank recognized that core processing in merchant acquiring had become a commodities business and that it needed value-added services based on data analytics to compete for card acquiring contracts with merchants. To launch its new merchant acquiring venture, which is called Tyl, NatWest signed one contract with Fi...