Author: IC Payments

AmEx Acquires Resy Reservation Platform; Shift4 Unveils Pay-at-Table System

Payments firms continue to strengthen their offerings in the dining sector as evidenced by Wednesday’s announcements from American Express Co., which said it had acquired reservation platform provider Resy Network Inc., and Shift4 Payments, which is launching a pay-at-table system called SkyTab and providing it to new merchants at no cost. Founded in 2014, New…
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May 15, 2019 0

Banks need better vision for small business payments

Most small to medium-sized (SME) business owners are highly dependent on their accountant for everything financial. Accounting, and by extension financial insights, is often a “black box” to them. Most business owners would prefer to be more in control of their own finances so they can make better business decisions. What they really need to…
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May 9, 2019 0

Fiserv’s First Data Deal Remains on Track Despite Justice Request

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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April 30, 2019 0

Factors Align for Widespread U.S. Contactless Payments Adoption, A Fed Study Suggests

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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April 26, 2019 0

IC Payments and BMA Core Technology Create Partnership for Financial Institutions

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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April 25, 2019 0

Data Dive, Milestone Edition: Gig Payments, Affirm And Contactless March On

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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April 8, 2019 0

The Argument for Contactless Debit

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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April 5, 2019 0

Investor Lawsuit Challenges Planned Fiserv-First Data Merger

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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April 5, 2019 0

Smart payment solutions: What is the payments industry doing to keep up?

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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April 3, 2019 0

Wells Fargo Launches Contactless Credit, Debit Cards

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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April 2, 2019 0