Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though Fiserv in a press release…
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The conditions for the widespread adoption of contactless payments using chip cards are in place, asserts a new report from the Federal Reserve Bank of Boston. But when that will happen and what will trigger it are unknown in the Fed report, “Tap to Pay: Will Contactless Cards Pave the Way for NFC Mobile Payments…
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For Immediate Release – IC Payments and BMA Partnership Announced Salt Lake City, UT, April 22, 2019 – IC Payments and BMA Core Technology have established a strategic partnership to provide financial institutions with the combined services of both entities. Both companies share a vision to ensure their clients have a competitive offering to the…
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When financial institutions instantly issue new or replacement cards on-site, cardholders enjoy convenience and an improved overall branch experience. Beyond the impact that good customer service can bring, banks and credit unions of all sizes can see remarkable financial benefits. Below are five key ways banks and credit unions can deliver more bang for the…
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For baseball fans, April 8 is a day that lives in semi-infamy, as it is the day 45 years ago in 1974 that Hank Aaron officially broke Babe Ruth’s all-time home run record. At the time, it was a record most people believed could not and should not be broken – and in fact, Aaron…
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At the end of last year, I predicted that we would not see many debit issuers issue contactless debit cards in 2019. There still aren’t THAT many financial institutions who have taken steps to go down that path, but they are the big ones. This week Bloomberg announced that Wells Fargo will be issuing contactless…
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A First Data Corp. shareholder filed a proposed class-action lawsuit Wednesday challenging the proposed acquisition of payment processor First Data Corp. by Fiserv Inc. The $22 billion all-stock merger benefits First Data’s controlling shareholder, the investment firm Kohlberg Kravis Roberts & Co., “to the detriment of the company’s noninsider stockholders,” says the complaint, according to…
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We’ve come to expect certain levels of safety, security, and convenience when it comes to payments. Today, consumers are using their phones, watches, and even their cars to pay for various goods and services. Recently, the Mercedes-Benz Stadium, home of the NFL’s Atlanta Falcons and MLS’ Atlanta United, switched to only accepting credit and debit…
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Wells Fargo announced Tuesday (March 2) the launch of contactless consumer credit and debit cards. In a press release, Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments. Customers can still insert or swipe their…
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