Processing news and trends

Forage Takes On Stalwarts to Gain Slice of $100B Online SNAP Payments Opportunity
eCommerce // August 15, 2022

Integrating Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) payments into eGrocery platforms while complying with federal and local regulations is no easy feat, which is why only three third-party payment processors (TPPs) have managed to do so. Against this backdrop, one such TPP,...

Germany Asks For Interpol Help To Find Ex-Wirecard COO
Security & Fraud // July 30, 2020

Germany is seeking help from Russia to help locate missing Wirecard executive Jan Marsalek, The Wall Street Journal (WSJ) reported. Russian authorities had no comment, according to WSJ, and neither did representatives from Wirecard or a lawyer for Marsalek. Marsalek was in charge of running...

Tech Glitch Halts Card Processing For Some Mexico Merchants
Payment Methods // August 11, 2019

Shops in Mexico started asking customers to pay with cash after several of the country’s biggest banks started having issues handling debit and credit card payments, Reuters reported on Saturday (Aug. 10). Cards affected included Banorte, HSBC and Santander, who said on Twitter that they...

Clover Vs. Square: What’s Next In This POS Competition?
Earnings // August 01, 2018

Clover, the point-of-sale operation owned by First Data, keeps growing, and that could present more challenges for Square. First Data reported its Q2 financial results on Monday (July 30) and they showed that Clover has been processing in excess of $65 billion in transaction volume...

Interviews & Exclusives
Forage Takes On Stalwarts to Gain Slice of $100B Online SNAP Payments Opportunity

August 15, 2022
Integrating Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) payments into eGrocery platforms while complying with federal and local regulations is no easy feat, which is why only three third-party payment processors (TPPs) have managed to do so. Against this backdrop, one such TPP, Forage, announced last week (Aug. 8) that it has raised […]

First Data Sees Green In SMBs and Clover

August 02, 2016
First Data CEO Frank Bisignano touted strength in its core businesses, regional strength in Latin America and four new bank relationships when reporting Q2 results yesterday. But it’s the growth...

Quick Reads
Routable Debuts Optical Character Recognition for Invoice Processing

September 28, 2022
Business payments platform Routable has expanded its capabilities, adding new features for automated invoice data entry, a press release said. The company has added Optical Character Recognition (OCR), which will let the Routable platform automatically scan invoices and create payables. This will make it so that enterprise and mid-market companies can maximize full-scale payout automation […]

Germany Asks For Interpol Help To Find Ex-Wirecard COO

July 30, 2020
Germany is seeking help from Russia to help locate missing Wirecard executive Jan Marsalek, The Wall Street Journal (WSJ) reported. Russian authorities had no comment, according to WSJ, and neither...

Tech Glitch Halts Card Processing For Some Mexico Merchants

August 11, 2019
Shops in Mexico started asking customers to pay with cash after several of the country’s biggest banks started having issues handling debit and credit card payments, Reuters reported on Saturday...

Cardstream And Creditcall Team Up To Power Omnichannel Processing

October 18, 2017
Cardstream and Creditcall have joined forces to free merchants and their acquirers from single-stack payment acceptance solutions. Cardstream — an independent white label payment gateway provider enabling payment service providers to connect...