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First Data Merchant Services and a former executive have been forced to pay more than $40 million to settle a claim by the Federal Trade Commission that the company processed... more

The post First Data forced to pay $40 million fine over consumer scams appeared first on Payments Cards & Mobile.

Bank of America recently announced it would end its electronic payment services joint venture with First Data next June, hours after Fiserv completed its acquisition of the payment processor. But... more

The post Why did Bank of America really terminate First Data JV? appeared first on Payments Cards & Mobile.

Mobile Wallet Market size was estimated to be over $100 billion in 2017 and is anticipated to grow at a CAGR of more than 10% over the forecast timespan of... more

The post Mobile wallet market worth $100 billion set to hit $250 billion by 2024 appeared first on Payments Cards & Mobile.

First Data and Hong Kong-based China CITIC Bank International (CNCBI), have announced a partnership with the launch of a comprehensive range of merchant acquiring solutions including POS terminals, e-commerce solutions... more

The post First Data and China CITIC Bank International launch new merchant acquiring solutions appeared first on Payments Cards & Mobile.

First Data has launched a new anti-fraud detection service, FirstSense. It enables financial institutions to identify at-risk accounts across all card brands and prevent fraud. The newly launched platform combines... more

The post First Data launches new fraud detection service – FirstSense appeared first on Payments Cards & Mobile.