Mastercard and Worldpay are teaming to help merchants settle transaction disputes faster and reduce chargebacks. Chargebacks — refund requests sparked by customers disputing transactions — are a growing issue, Mastercard said in a Tuesday (March 26) press release, with industry-wide chargeback volumes expected to reach 337 million by 2026,...
Fidelity National Information Systems (FIS) reported fourth-quarter earnings results that showed momentum in recurring revenue metrics as financial institutions expand their digital banking initiatives and offerings. Earnings materials Monday (Feb. 26) detailed that banking and capital markets-related revenue growth in the fourth quarter showed 7%...
Payments technology firm Worldpay has begun life as an independent business. The company announced Thursday (Feb. 1) that former owner FIS had finalized the sale of Worldpay to private equity firm GTCR, which owns 55% of the business. “As an independent company, Worldpay is committed to bringing greater levels of value, innovation...
Cross-border B2B payments firm Thunes has named a new chief executive. Floris de Kort, a veteran of companies such as Worldpay, has been chosen as the Singapore-based company’s CEO. He replaces Peter De Caluwe, who has been promoted to deputy chairman, Thunes said in a Tuesday (Jan. 9) news...
July 10, 2023
The CE 100 Index lost 1.1% in a shortened holiday week, with payments-focused names declining. Only two segments gained ground through the four trading sessions that ended Friday, as the Shop vertical was up 1.5%. And in that segment, Vroom shares rallied 23.6%, though no company-specific headlines or events crossed the wires. The Move segment […]
September 22, 2021
It is becoming clear that B2B’s digital makeover will take a cue from B2C, such as the Amazons of the world, as paper checks give way to payments made with the click of a mouse. Buyers increasingly will find sellers...
August 30, 2021
The fraudsters go, always, to the path of least resistance. Michael Pantano, global head of Compliance at Worldpay, told PYMNTS that as 2021 moves toward its close, we’re seeing fraudsters...
August 24, 2021
B2B payments are in the midst of a dramatic shift — and while the outcomes are yielding greater efficiency, security and productivity, the process of change can be a painful...
May 02, 2024
Payment facilitators (PayFacs) using Worldpay’s services can now offer their merchants tap-to-pay on iPhone. The payments technology firm said in a Thursday (May 2) press release that two of its PayFac partners — Fullsteam and Autobooks — have already launched the service, which allows merchants to use an iPhone to securely accept contactless payments. “Many businesses are mobile, and if we […]
March 26, 2024
Mastercard and Worldpay are teaming to help merchants settle transaction disputes faster and reduce chargebacks. Chargebacks — refund requests sparked by customers disputing transactions — are a growing issue, Mastercard said in a Tuesday...
February 01, 2024
Payments technology firm Worldpay has begun life as an independent business. The company announced Thursday (Feb. 1) that former owner FIS had finalized the sale of Worldpay to private equity firm GTCR, which owns 55% of the...
January 10, 2024
Cross-border B2B payments firm Thunes has named a new chief executive. Floris de Kort, a veteran of companies such as Worldpay, has been chosen as the Singapore-based company’s CEO. He replaces Peter De...
