Credit Card Processing news and trends

NRF Takes Gloves Off in Swipe Fee Settlement Objection Filing
Retail // April 28, 2024

The National Retail Federation (NRF) on Friday (April 26) asked a federal judge to reject the proposed settlement of a class-action antitrust lawsuit over swipe fees charged to merchants to process Visa and Mastercard credit card transactions. “This ‘settlement’ is a backroom deal struck without...

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....

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
Energy Capital Credit Union Picks Velera for Debit Card Processing

December 05, 2024
Energy Capital Credit Union has expanded its partnership with credit union service organization (CUSO) Velera. Velera had already been providing credit card processing support for Energy Capital (ECCU), and it will now also provide debit card processing, the companies announced Thursday (Dec. 5). “While reviewing its card processing partners, ECCU was looking to identify ways to maximize […]

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...

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...