Payments processing giant First Data Merchant Services and one of its executives will pay $40.3 million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). The FTC...
Global payments provider Fiserv has promoted Frank Bisignano to CEO, the company announced in a press release Thursday (May 7). Its Board of Directors unanimously elected Bisignano to succeed Jeffery Yabuki effective July 1. “With the successful integration of First Data well underway, this is...
Here’s something: Spending in brick-and-mortar stores actually grew at a rate of 4.2 percent year over year in 2019 – an increase that is overwhelmingly pegged to younger shoppers. In one recent survey, 81 percent of Gen Z consumers said they prefer shopping in physical...
Fiserv reported Q4 earnings results that — in the wake of its First Data acquisition — showed progress on realizing revenue synergies, as well as strong growth in Clover. However, the firm posted adjusted earnings of $1.13, which just missed consensus of $1.14. The adjusted revenue was $3.7 billion,...
January 20, 2020
’Tis the season for … looking back at 2019 holiday sales trends, and figuring out what they mean for payments and commerce so far. Based on the incoming data, it seems that Amazon might not be the traffic driver some retailers expect, that the consumer experience experiment is going well, that mobile wallets might be […]
May 24, 2019
Merchants that sign on with firms to process their payments expect to get their funds consistently and constantly. Neil Randel, CEO of First American Payment Systems, tells Karen Webster that,...
March 15, 2019
Connected commerce is among the hottest trends in retail, and not just for streaming or ridesharing or online gaming services, but for subscription purchases, too. In fact, according to new...
February 08, 2019
Fiserv's Q4 results were in line with a preliminary announcement, including 6 percent payments growth. As the deal with First Data sinks in and becomes an operational reality, and as...
May 19, 2020
Payments processing giant First Data Merchant Services and one of its executives will pay $40.3 million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). The FTC alleged that First Data ignored repeated warnings from employees, lenders […]
May 07, 2020
Global payments provider Fiserv has promoted Frank Bisignano to CEO, the company announced in a press release Thursday (May 7). Its Board of Directors unanimously elected Bisignano to succeed Jeffery...
November 06, 2019
Fiserv reported results for the third quarter that, in the wake of its acquisition of First Data, showed progress on realizing revenue synergies and growth in sales of its Clover...
July 29, 2019
With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29) that they will pursue independent merchant services strategies...
