Merchant

Shopkeepers and other establishments say banks' costs have fallen substantially in recent years but interchange prices have held steady since the Federal Reserve capped them in 2010.

Shop owners and other establishments say banks' costs have fallen substantially in recent years but interchange prices have held steady since the Federal Reserve capped them in 2010.

Security is a constantly changing game, with criminals adopting new strategies and the payment industry and other financial institutions deploying increasingly sophisticated techniques to stop them.

Fiserv is joining the increasingly crowded market for earned wage access in partnership with Instant Financial.

The investment, tied to PNC's deal to acquire BBVA USA, was always going to be large but seemed to grow as CEO Bill Demchak got intimately involved in the discussions and the needs of communities and businesses hit hard by the coronavirus pandemic became more apparent.

The Tennessee company said an unauthorized party gained access to dozens of accounts and obtained less than $1 million from some of those accounts.

The tech vendor allows merchants using the Clover point-of-sale platform to accept PayPal and Venmo payments, a move that serves the company's continuing focus on full omnichannel experiences for its merchants.

Barclays US, which offers a range of cobranded credit cards targeting middle-income consumers, is adding a buy now/pay later option for its merchant partners.

Kate Fitzgerald, senior editor at PaymentsSource, talks to Eric Schuppenhauer, Head of Consumer Lending and National Banking at Citizens Bank, about lending at the point of sale.

The cryptocurrency exchange plans to roll out a rewards Mastercard this summer, targeting cryptocurrency neophytes.