Industry News

The latest information about the companies, products and services that are shaping the payments industry, selected by our team of specialists.

Nov 16, 2018

Wirecard and Mastercard Extend Global Card Issuance to Drive the Cashless Society

Together their existing and new prepaid solutions will deliver further payment choice to a broader audience, including: travel agencies and airlines for their customer holiday travel money, compensation, or staff expenditures; governments looking for ways to disperse funds and benefits; and SMEs´ controlled payment functionality for employees.   > See Article

Nov 16, 2018

PayPal Completes Acquisition of Hyperwallet

PayPal Holdings, Inc. has completed its acquisition of Hyperwallet for approximately $400 million USD. > See Article

Nov 16, 2018

CPI Card Group to Sell Canadian Subsidiary to Allcard Limited

The divestiture is the next step in CPI´s strategy to optimize its footprint and sharpens its focus on its core secure card business and key strategic priorities. > See Article

Nov 15, 2018

Nacha’s Payments Innovation Alliance Defines Criteria for the Faster Payments Playbook for Financial Institutions and Businesses

Nacha and its Payments Innovation Alliance have released a Meeting Summary Report from its first formal in-person meeting of the Faster Payments Playbook Project Team.  > See Article

Nov 15, 2018

Bank of America Merchant Services Teams Up With American Express to Drive Commerce to Small Businesses

Bank of America Merchant Services has joined the Small Business Saturday Corporate Supporter Program and will, together with American Express, support this year´s Small Business Saturday celebration on Nov. 24.  > See Article

Nov 15, 2018

American Express Launches American Express Go, a New Virtual Payments Offering to Streamline and Simplify Business Expenses

American Express Go is a new digital solution to help midsized and large companies efficiently handle business expenses for temporary workers, recruits, and employees without corporate cards. > See Article

Nov 14, 2018

Chase Taps into Speedier Checkout with Contactless Visa Credit Cards

All Chase Visa credit cards, including all co-branded cards, will have tap to pay functionality by the first half of 2019. Chase debit cards will offer the tap to pay feature in the second half of 2019. > See Article

Nov 13, 2018

Discover Increasing Acceptance in EMEA at Travel, Entertainment, and Retail Merchants

PXP, a global provider of omnichannel payment gateway solutions, and Diners Club International, a business unit of Discover Financial Services, have announced an agreement that will expand Discover card acceptance globally. > See Article

Nov 13, 2018

Poynt Raises $100 Million in Series C Funding Round

With this investment, the company will expand into new markets across Asia, Europe, and South America, grow its talent base, and invest in product and partner development as it executes its vision to become the operating system (OS) on smart payment terminals worldwide. > See Article

Nov 13, 2018

ACI Worldwide and Everlink Bring Modernized Payment Solutions to Canadian Credit Unions and Banks

Everlink Payment Services Inc., a leading provider of payment solutions and services for credit unions, banks, and small and medium enterprises across Canada, has selected ACI´s UP Retail Payments to deliver modernized payment solutions to their Canadian clients. > See Article

Nov 12, 2018

Network International Rolls Out FICO AI Fraud Analytics in MEA

Network International has rolled out FICO´s Falcon Platform, a real-time fraud solution that uses advanced AI fraud analytics and intelligence to accurately identify fraudulent behavior on payment cards. > See Article

Nov 12, 2018

City Possible: Mastercard Launches Global Network for Urban Co-Development

Mastercard is connecting cities with academia and businesses to identify common challenges that can be best addressed through collaboration. > See Article

Nov 12, 2018

Citi China Leads the Market to Launch Citi Virtual Card Accounts

Citi is the first bank to launch this market-leading solution in China, in line with the Shanghai Free Trade Zone´s focus on embracing innovative and digital solutions. > See Article

Nov 11, 2018

Ondot Launches Digital Card Services Platform to Transform Consumer Engagement for Asian Banks

Ondot´s latest digital card services platform lets banks design their card digitization strategy in stages or all in one go, from invitation to acquisition to instant issuance to secure payments. > See Article

Nov 9, 2018

American Express Receives People´s Bank of China´s Preparatory Approval for a Clearing and Settlement License in Mainland China

American Express can now begin building a network business to process domestic RMB transactions through its joint venture in mainland China.   > See Article

Nov 8, 2018

Worldpay Reports Third Quarter 2018 Results

Net revenue for Worldpay, Inc. increased 84% to $1,017.9 million as compared to $554.2 million in Vantiv Inc.´s prior year period. > See Article

Nov 8, 2018

ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended September 30, 2018

Revenue grew 9%, up $20 million from Q3 2017. Net income was up $12 million from $3 million. > See Article


Total volume—purchases and cash—generated by all global brand and domes-tic-market-only general purpose and private label credit, debit, and...