Real-time payments, real-time risk. As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. In an interview with PYMNTS,...
It’s the end of the workweek and the PYMNTS Weekender is here to make sure you didn’t miss anything — and that...
It’s been said cybercriminals look for the path of least resistance when they target businesses or online marketplaces to steal data or...
The healthcare market is not immune to payment frictions, as costly inefficiencies can force hospitals to chase payments and prompt 47 percent...
Consumers with poor credit and a lack of savings have few good borrowing alternatives when unexpected expenses arise. In the new Faster...
Damon Runyon — the American author who created characters like Sky Masterson, immortalized in “Guys and Dolls,” and enamored with rolling the dice...
The rise of faster peer-to-peer (P2P) payment services has had an unintentional ripple effect for businesses, banks and merchants. With customers able...
Fiserv reported results for the third quarter that, in the wake of its acquisition of First Data, showed progress on realizing revenue...
Billing and payments are processes that touch the financial lives of every consumer and business. With FinTech innovation yielding more choices than...
Financial services company Fiserv has released a new system called CheckFree Next that will enable companies to provide automated and personal bill...
Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to...
Fiserv’s consumer trends survey, Expectations & Experiences, shows that the majority of loans over the past two years were done online, the...
When financing a first home, a complicated mortgage process can confuse buyers, and draw out loan underwriting timelines — costing time and...
Many major companies rely on international trade and global supply chains. Keeping these trade flows operating smoothly requires quick, reliable delivery of...
With real-time payments spreading throughout the world (perhaps more slowly than expected, but still spreading), the characteristics of pull payments mean they...
Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is...
From sending money to college-aged children, to splitting lunch checks among friends, Gen X consumers are increasingly embracing mobile peer-to-peer (P2P). But...
Financial providers worldwide are working to give small and medium-sized businesses (SMBs) quick access to their funds. Digital banks, for one, are...
The frustration is a common one, and a form of friction very well-known to the PYMNTS New Orleans Bureau, in fact: having...
PayActiv is collaborating with Fiserv to streamline workers’ access to their wages, the companies said this week. In an announcement this week,...
Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul...
Consumers are set to spend $23 billion buying mobile tickets for sports and gaming events by 2023. Sports brands are thus looking...
Quickly sending large sums of money abroad in 1803 might have meant loading gold bars onto ships and hoping for good weather...
With a 132 percent annual turnover rate, at a cost of $2,000 per worker, employee retention is no small problem for quick-service...
The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time...
Faster payments are all the rage, part of numerous discussions and plans when it comes to global payments — the concept serving...
With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29)...
The big deal is now complete: Fiserv announced this morning (July 29) that it has completed its acquisition of First Data Corporation....
As Fiserv heads toward its $22 billion acquisition of First Data — a massive payments and FinTech deal now expected to close...
Financial technology company First Data posted second-quarter results that surpassed Wall Street’s earnings per share (EPS) and revenue expectations. In a press release,...
Financial players worldwide are kicking payment systems into high gear with efforts that range from easier-to-use digital solutions to new instant payment...
Truckers haul 71 percent of America’s freight tonnage, keeping retailers supplied and in business — but not without challenges. Slim margins, emergency...
Businesses and consumers are unlikely to change their payment preferences until two conditions are met: they both feel the pain of slow...
Now, now, now — that’s the chorus coming from consumers, merchants and other companies when it comes payments, and that demand is...
When divorced parents have to get together to exchange cash for kids’ braces and summer camp, it can be a fraught experience....
It’s not enough to build a real-time payment system if financial institutions (FIs) don’t implement the offering, and extend instant payment services...
On-demand wage service provider FlexWage has announced it is working with Fiserv to power disbursements to employees using its service. A press...
As much as 80 percent of firms still rely on paper checks. Only 3 percent of firms meet demands for B2C payments. Fiserv...
Deciding to offer employees instant access to earnings means employers must make a slew of decisions — including how much pay will...
The looming specter of Brexit, and the trade war between the U.S. and China, are sending ripple effects well beyond these countries’...
For Total System Services (TSYS) and Global Payments, it’s official. To that end, the companies said they would enter into a merger...
Merchants that sign on with firms to process their payments expect to get their funds consistently and constantly. Neil Randel, CEO of...
Fiserv reported results Tuesday (April 30) that topped expectations on the bottom line, and were very slightly below analyst expectations on the...
Financial technology company First Data posted first-quarter earnings results that matched Wall Street’s earnings per share estimates and surpassed revenue expectations. In...
Bessemer System Federal Credit Union, a financial organization in Pennsylvania, is suing financial technology company Fiserv Solutions over what it calls rampant...
FIS, Fiserv or Infosys will be tapped to provide the processing software for Robinhood’s upcoming mobile bank if it receives approval from...
Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those...
Recent studies show that financially stressed employees are more distracted and less effective at work. That’s why companies like Uber and Lyft...
When digital payments and commerce professionals talk about “friction,” they usually mean reducing barriers that make a consumer pause before buying a...
While the Federal Reserve deliberates on whether it will create its own real-time payment (RTP) system, The Clearing House (TCH) is working...