Credit Card Processing news and trends

ValueAct Joins Fiserv Board, Wants to ‘Aggressively Invest’ in Clover
Fintech Investments // February 23, 2022

ValueAct, an activist investor, has gotten a seat on Fiserv’s board because of a settlement with the FinTech and payments firm, Bloomberg reported Wednesday (Feb. 23). Fiserv said in a statement that it had appointed Dylan Haggart, a ValueAct partner, to its board. He will...

Amex Cleared To Operate In China
International // January 08, 2020

The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in a social media post by the official People’s Bank of China (PBOC) account on Wednesday...

Why SwipeSum Says It’s The ‘Kayak For Processing’ For SMBs
SMBs // May 08, 2018

Single people have Tinder, Match and Coffee Meets Bagel. Now, small businesses (SMBs) have a matchmaker, too: SwipeSum, a marketplace whose goal is to pair them with the best credit card processing solution for their unique business needs, at the best price on the market....

Bank Of America Reaches New Commercial Card Benchmark To Secure Industry Ranking
Consumer Finance // July 13, 2017

Bank of America Merrill Lynch reached a new benchmark in its commercial card business last year, allowing it to secure its top ranking in three combined categories. According to a press release, BofA Merrill processed $56.3 billion in U.S. purchases in 2016 across three categories...

Interviews & Exclusives
Why SwipeSum Says It’s The ‘Kayak For Processing’ For SMBs

May 08, 2018
Single people have Tinder, Match and Coffee Meets Bagel. Now, small businesses (SMBs) have a matchmaker, too: SwipeSum, a marketplace whose goal is to pair them with the best credit card processing solution for their unique business needs, at the best price on the market. As the startup sets up shop in St. Louis, it […]

Quick Reads
ValueAct Joins Fiserv Board, Wants to ‘Aggressively Invest’ in Clover

February 23, 2022
ValueAct, an activist investor, has gotten a seat on Fiserv’s board because of a settlement with the FinTech and payments firm, Bloomberg reported Wednesday (Feb. 23). Fiserv said in a statement that it had appointed Dylan Haggart, a ValueAct partner, to its board. He will also be nominated at the company’s next annual general meeting. […]

Amex Cleared To Operate In China

January 08, 2020
The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters. The news was released in...

Bank Of America Reaches New Commercial Card Benchmark To Secure Industry Ranking

July 13, 2017
Bank of America Merrill Lynch reached a new benchmark in its commercial card business last year, allowing it to secure its top ranking in three combined categories. According to a...

First Data Completes Its Purchase Of CardConnect

July 07, 2017
First Data Corporation, the commerce-enabling technology  and CardConnect, a payment processing and technology solutions provider, announced Thursday (July 6)  the successful completion of First Data’s tender offer to purchase the...