Lynne Marek

The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.

Bill Harris, who briefly held the top post at the payments pioneer, talks about the U.S. being a laggard in payments innovation, and its potential embrace of stablecoins.

Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

President-elect Trump announced the nomination of Frank Bisignano late Wednesday, and the payments processor confirmed the appointment Thursday.

Fidelity National Information Services (FIS) is close to completing a significant acquisition in its capital markets segment, according to the company's CFO, James Kehoe.

Payments approved over the app are expected to rise 25% this year, echoing a similar increase last year over 2022.

The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.

The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.

Jane Larimer, who leads the association, predicts pay-by-bank and instant payments will remain hot topics next year, with artificial intelligence staying center stage as well.