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Processing Payments, Fueling Deals
When it comes to filling up at the gas pump and making other everyday purchases, consumers are forgoing cash and using credit cards and debit cards. Retailers are upgrading their systems to keep up with changing payment trends, which is driving demand for payment service providers.  more »
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Vantiv had a specific vision in mind when acquiring Mercury Payment Systems two years ago to provide the ultimate playground for app developers to operate in a multi-channel world. more »
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The industry-led EMV Migration Forum is changing its name and expanding its focus to accommodate the myriad changes that are happening alongside the move to chip cards. more »
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Discover CEO David Nelms
Profits rose nearly 3% at Discover Financial Services in the second quarter thanks to solid loan growth and a one-time tax benefit. more »
"The fundamental challenge is that consumers today live in multiple channels, while retailers live in silos," said Vin D'Agostino, executive vice president of Verifone Services.
Verifone Inc. still faces challenges in certain aspects of its business, but the terminal manufacturer is learning with experience how to fit into the fast-changing world of omnichannel technology. more »
Bloomberg News
Google will provide McDonald's customers in San Jose, Calif., this weekend with free burgers as a promotion for its Hands Free payment app at any of 47 participating restaurants. more »
Square Inc. spent six weeks in Portland, Ore. — a city with a strong existing base of micro-merchants — to transform it into one of the company's top U.S. markets in total Apple Pay transactions conducted with its card readers. more »
Bloomberg News
Seven months after revealing its branded mobile payment app, Walmart is making Walmart Pay available in more than 4,600 of its stores throughout the U.S., with early figures indicating consumers approve of its "connected" app model. more »
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Payments processor Vantiv Inc. and buyout firm Warburg Pincus are among suitors seeking to buy a U.S. payments business owned by Royal Bank of Canada and Bank of Montreal, according to people familiar with the matter. more »
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ACI Worldwide has named technology veteran Marco Bravo vice president for its Latin America division. more »
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Merchants are facing consumer lawsuits stemming from the introduction of EMV-chip card security at the point of sale in the U.S., exposing the issues many stores must contend with now that they are held liable for fraud and chargebacks. more »
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Merchants have long sought to change how the card networks charge fees, and are getting a new chance after more than a decade of court squabbles. more »
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Kroger is suing Visa, alleging the network threatened to raise fees and cut off the supermarket chain from accepting its debit cards. more »
ISO&Agent's annual fact book is an extensive listing of the many ISOs, processors, trade groups and other key players in the payments industry. In this issue, we also take a look at the state of the EMV migration, and examine what can be done to make the process go a bit smoother.